Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased Newpark Resources, Inc., Announces Class Action Lawsuit and Seeks to Recover Losses

23 April 2006

Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a Class Action lawsuit in the United States District Court for the Eastern District of Louisiana on behalf of a class (the "Class") consisting of all persons or entities who purchased or otherwise acquired securities of Newpark Resources, Inc. ("Newpark" or the "Company") (NYSE:NR) between February 28, 2005 and April 16, 2006 (the "Class Period").

A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email at info@glancylaw.com, or visit our website at www.glancylaw.com.

The Complaint charges Newpark and certain of the Company's executive officers with violations of federal securities laws. Among other things, plaintiff claims that defendants' material omissions and dissemination of materially false and misleading statements concerning Newpark's business and operations caused the Company's stock price to become artificially inflated, inflicting damages on investors. Newpark provides fluids management, environmental, and oilfield services, including drilling fluids sales, engineering services and onsite drilling fluids processing services, to the oil and gas exploration and production industry. The Complaint alleges that defendants' Class Period representations regarding Newpark were materially false and misleading when made because the Company failed to disclose irregularities with the processing and payment of invoices by the Company's subsidiary, Soloco Texas, LP. As a result, defendants' Class Period statements concerning Newpark's operations and financial performance were materially false and misleading.

On April 17, 2006, Newpark issued a press release announcing a Company investigation into the processing and payment of invoices at Soloco Texas, LP, and that Newpark's CFO and former CEO had been placed on administrative leave pending the completion of the investigation. This news shocked the market, causing shares of Newpark to plummet that same day by $1.28 per share, to close on April 17, 2006, at $6.14 per share -- more than 17% below the previous day's close, which was before disclosure of the invoice irregularities and consequent investigation.

Plaintiff seeks to recover damages on behalf of Class members and is represented by Glancy Binkow & Goldberg LLP, a law firm with significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud.

If you are a member of the Class described above, you may move the Court, not later than June 20, 2006, to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Lionel Z. Glancy, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by e-mail to info@glancylaw.com.

More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.

CONTACT: Glancy Binkow & Goldberg LLP, Los Angeles, CA

Lionel Z. Glancy

(310) 201-9150

(888) 773-9224

info@glancylaw.com

www.glancylaw.com

Source: primezone

All trademarks and copyrighted information contained herein are the property of their respective owners.