Impac Mortgage Holdings, Inc. (NYSE Amex: IMH), a Maryland corporation, or the “Company,” announces the scheduling of a conference call and live webcast on Tuesday, May 18, 2010 at 8:00 a.m. P.T. (11:00 a.m. E.T.). We will discuss our first quarter 2010 financial results, which are expected to be filed after the close of market on Monday, May 17, 2010.

Conference Call

To participate in the call, please dial in, up to fifteen minutes prior to the scheduled start time. You may access the call via:

The dial-in number is (866) 838-8084, conference ID number: 74571848

Internet Webcast Access: http://www.impaccompanies.com and link to Investor Relations / Stockholder Relations

The conference call will be archived approximately 2 hours following the call on the Impac Mortgage Holdings, Inc. web site at www.impaccompanies.com, by linking to Investor Relations / Stockholder Relations / Presentations.

About the Company

The Company’s operations include the management of the long-term mortgage portfolio to mitigate losses and maximize cash flows and the mortgage and real estate related fee-based businesses, including loan modifications, real estate disposition, monitoring and surveillance services and real estate brokerage and lending services.

For additional information, questions or comments, please call Justin Moisio in Investor Relations at (949) 475-3988 or email jmoisio@impaccompanies.com. Web site: www.impaccompanies.com

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