Minaean signs Memorandum of Understanding with Shakun Advertising For Construction of Bus Queue Shelters in Jaipur, India

Vancouver, BC, Canada –December 1, 2009 – Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA), a Canadian-based developer of alternative building technologies using light-gauge steel, is pleased to announce that its wholly owned subsidiary, Minaean Habitat India Pvt. Ltd. (“MHI”), has signed an Memorandum of Understanding  with Shakun Advertising Private Limited (“Shakun”), a leader in the Out of Home media business in the state of Rajasthan, to pursue the construction of Bus Queue Shelters (“BQS”), in the city of Jaipur, India.

The MOU is a strategic move to potentially design, build and deliver approximately 500 BQS in various spots around the city. The Jaipur City Transport Services Limited Company, which handles all public transport services within the city, has invited global bids for the construction, operation, maintenance and transfer of such BQS on a build-operate-transfer basis. Minaean has quickly moved to enter into the agreement with Shakun and submitted a joint bid to Jaipur City Transport Services Limited Company.

This BQS opportunity for Minaean is only a preliminary step towards tapping into a CAD$ 900 million business opportunity under the Jawaharlal Nehru National Urban Renewal Mission scheme (JNNURM) where city and state municipalities are being offered implementation of modern bus systems as incentives, in particular the Bus Rapid Transit (“BRT”) system. BRT is characterized by dedicated road lanes being used for public transport in modern buses to reduce the traffic congestion within the biggest metropolitans in India. Cities like Ahmedabad, New Delhi, Pune, Indore, Bhopal, Jaipur & Rajkot are amongst the forerunners to implement such systems with over 850 km of road length to be covered and other cities are actively considering the system. Minaean is positioned to optimally capitalize on this business opportunity having built a core competence in BQS and Kiosks over the years. Moreover, the Company’s recent strategic diversification into the Infrastructure Development industry will also position it as a prospective road management company to provide a total turnkey solution.

Over the past two years, Minaean has been able to build a strong competitive advantage for BQS in the Indian market with its quality and cost effective solutions. The Company has constructed over 350 such BQS in the previous fiscal year. This MOU comes in quick succession to Minaean’s ongoing attempt to take part in BQS construction in the country’s capital city, New Delhi.

These modern BQS are designed in-house, pre-fabricated in Minaean’s Mumbai plant, and then shipped to site for installation under the supervision of MHI engineers.

About Shakun
Shakun Advertising Private Limited has been in the advertising business for over 50 years now with their inroads into Out of Home, print, electronic, Internet mediums of advertising. The company has an 80% share of the advertising market in the state of Rajasthan and has advertised for some of the biggest Indian corporations within the state. The company accords its success mainly to their long term approach and currently has various long term advertising contracts in key areas around the state spanning roads, sky walks, gantries, foot-over bridges and railway stations amongst others. Shakun has recently expanded its operations into the capital city of India, New Delhi, after having secured a CAD$ 10 million advertising contract for a span of 8 years.

About Minaean
Minaean Habitat (India) Pvt. Ltd., a wholly owned subsidiary of MIC, is a company well known for its pioneering efforts in the manufacture of the light gauge steel components for the construction industry and modular metal buildings in India. 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. It offers a wide range of applications and has a manufacturing facility in Mumbai with a full fledged design and engineering team comprising 85 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. Moreover, the company 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