News Release

NEWPORT BEACH, Calif., Sep 8, 2004 /PRNewswire-FirstCall via COMTEX/ -- Impac Mortgage Holdings, Inc. (NYSE: IMH) (the "Company) announced today that it will be presenting at the Roth Capital Partners New York Conference on Tuesday, September 14, 2004 and at the RBC Capital Markets North American Financial Institutions Conference Tuesday, September 28, 2004. You are invited to listen to a presentation that will be webcast live during the conferences. The webcast information is as follows:

     Roth Capital Partners New York Conference, September 13-15, 2004
     Date:          September 14, 2004
     Time:          10:00 AM - 10:30 AM ET
     Speaker:       Mr. Joseph Tomkinson, Chairman and CEO, Impac Mortgage
                    Holdings, Inc.
     Webcast link:  http://wsw.com/webcast/roth4/imh or www.impaccompanies.com

     RBC Capital Partners North American Financial Institutions Conference,
     September 27-29, 2004
     Date:          Tuesday, September 28, 2004
     Time:          7:50 AM - 8:20 AM ET
     Speaker:       Mr. Richard Johnson, CFO, Impac Mortgage Holdings, Inc.
     Webcast link:  http://www.wsw.com/webcast/dr24/imh/ or
                    www.impaccompanies.com

     Presentations will be archived for 30 days.

     How:  Live over the Internet -- Simply log on to the web at one of the
           addresses above.  Listeners should go to one of the sites at least
           15 minutes before the event to register and to install the needed
           software.  Minimum software required to listen is Windows Media
           Player, downloadable free at
           http://windowmedia.com/download/download/.asp

Impac Mortgage Holdings, Inc. is a mortgage Real Estate Investment Trust ("REIT"), which operates three core businesses: (1) the Long-Term Investment Operations, (2) the Mortgage Operations, and (3) the Warehouse Lending Operations. The Long-Term Investment Operations invests primarily in non-conforming Alt-A mortgage loans. The Mortgage Operations acquires, originates, sells and securitizes primarily non-conforming Alt-A mortgage loans, and the Warehouse Lending Operations provides short-term financing to mortgage loan originators. The Company is organized as a REIT for tax purposes, which allows it generally to pass through earnings to stockholders without federal income tax at the corporate level.

For questions please contact: Tania Jernigan, VP Investor Relations directly at (949) 475-3722 or email tjernigan@impaccompanies.com

SOURCE Impac Mortgage Holdings, Inc.

Tania Jernigan, VP Investor Relations of Impac Mortgage
Holdings, Inc., +1-949-475-3722, tjernigan@impaccompanies.com

http://www.impaccompanies.com