Minaean Awarded Contract For Constructing Bus Queue Shelter Prototype In Goa, India

Vancouver, BC, Canada – Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA) is pleased to announce that its wholly owned subsidiary, Minaean Habitat (India) Pvt. Ltd. (MHI), has been awarded a work order for the fabrication and installation of 125 units of its ultra modern steel Bus Queue Shelters in Goa, India, by Itihas Media Private Limited & Jagran Engage, some of the largest outdoor advertising companies in India. This contract has an estimated value of CAD$ 1.05 Million for delivery within 90 days upon installation and modification of the first prototype.

Itihaas Media Pvt. Ltd. and Jagran Engage have entered into a strategic relationship for the implementation of the Bus Queue Shelter project in Goa. It is anticipated that the two companies will form a Special Purpose  Vehicle company to execute this project and bid for larger contracts in this region.

Minaean will initially erect a prototype of the Bus Queue Shelter and upon satisfactory completion will then build the 125 shelters in two stages, pre-fabricated in Minaean’s Mumbai plant, and shipped to site and installed thereafter.

The Indian outdoor advertising industry is estimated to be valued at about CAD$ 500 Million though a large part of it remains unorganized and localized. The industry is growing at 20% per annum and is expected to account for 12% of the country’s total advertising expenditures by 2010. Growth within this sector is primarily being fuelled by advertisers increasingly looking at diversifying expenditure from conventional print and TV media to a relatively less expensive and far reaching means of communication.

Minaean has prefabricated and installed 350 Bus Queue Shelters during the last fiscal year and has established a solid track record which is anticipated to result in the securing of larger contracts in the coming months. This order represents Minaean’s continued expansion in the Indian Out-of-Home (“OOH”) media advertising industry and is further evidence that the Company is becoming one of the leading manufacturers of such street furniture in the market.

About Minaean  

Minaean Habitat (India) Pvt. Ltd., a wholly owned subsidiary of Minaean International Corporation, is well known for its pioneering efforts in the manufacture of LGS components for the construction industry and modular metal buildings in India. It offers a wide range of applications and has three manufacturing facilities, two in Mumbai and one in Bangalore with a full fledged design and engineering team comprising 140 employees.

The application of the modular building concept has been expanded to include the manufacture and installation of Bus Queue Shelters, ATM Modular Buildings, Modular Toilets and Public Washrooms, office blocks and bunkhouses for campsites. The strong, affordable, ecologically sustainable structures present a promising solution to the mass housing shortages in developing countries and disaster-stricken areas, in addition to a range of conventional applications. Moreover, MHI now sees itself as the leading manufacturer of such modular units within the Indian market.

The shares of Minaean International Corporation (parent company) are publicly traded on the TSX Venture Exchange under the symbol "MIB" and on the Berlin and Frankfurt Stock Exchanges under the symbol "NJA". For more information, please visit www.minaean.com.

On behalf of the Board of Directors

MINAEAN INTERNATIONAL CORP.

“Mervyn Pinto”

 Mervyn Pinto, President & Director