Granting and Re-pricing Stock Options

Vancouver, British Columbia  – Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA) (the “Company”) wishes to announce that it has granted an aggregate of 500,000 stock options to directors, officers, and employees of the Company, exercisable for a period of five years, at a price of $0.10 per share.

The Company also wishes to announce that previously granted stock options to a number of employees, officers, directors and consultants to acquire an aggregate of 3,012,500 common shares at a price between $0.15 per share and $0.25 per share, exercisable on or before December 22, 2010 and September 24, 2013, have been re-priced to $0.10 per share.

This transaction is subject to regulatory approval. 

Re-priced stock options held by insiders are subject to disinterested shareholder approval at the Company’s next annual general meeting.

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 light gauge steel 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, Director

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.