Minaean Receives Letter Of Intent For Construction Project In Grenada Islands

Vancouver, BC, Canada –January 26, 2010 – Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA) is pleased to announce that its North American subsidiary, Minaean Building Structures Inc. (“MBS”), has received a letter of intent with the Palm Hotel for the further development of the existing four storey hotel in the island country of Grenada. This project is a first of its kind for MBS as it will have to be innovative with its architecture and engineering works to adapt to an existing four storey concrete structure already in place. The developer plans to increase the size of the building by another two stories for added accommodation units on the fifth floor and a gala open restaurant by the ocean on the sixth floor.

Grenada is an island country in the Caribbean Sea and the hotel is located on the south west corner of the island just south of a cruise ship harbor (St. George).  It is a prime piece of property which sits on a small hill overlooking a beautiful golden white beach and the view from the hotel is astounding. Minaean plans to build an approximate 25,500 sq. ft. in a period of 4 months from July ’10 – October ’10. Currently, MBS is mandated to further design and complete the architectural and engineering drawings of the structure within the next few months.

The total contract value of this project to the Company is approximately CAD$ 856,000 for the production, supply and installation of structural walls and floors for the multi-storey project. Minaean’s proprietary Artisan Quik Build™ construction system manufactures light-gauge-steel structural wall panels which, combined with the Hambro® steel joist floor system, can erect a steel superstructure for a 4 to 8 storey building within weeks. Artisan Quik Build is characterized by various highly preferential qualities indluding a ‘green’ building system and much lower-than-average manufacturing costs for the developer. Its robust structure provides sustainability, high sound and fire ratings, comparatively very short building time and minimal on-site waste which is also 100% recyclable.

Mervyn Pinto, President and CEO of Minaean International Corp., commented, “This is an exciting opportunity for Minaean to showcase its Artisan building system’s adaptability and flexibility outside North America. We can rapidly build brand new quality structures within months or adapt our system to further construct on existing structures. The Artisan system has already proven to be a great success in Oregon and we are close to securing further projects in the United States. This LOI with the Palm Hotel in Grenada shows that developers internationally continue to take notice of our building system’s features and efficiencies.”

About Minaean  
Minaean International Corporation (MIC) is a Canadian Company focused on the development and promotion of innovative quick-build light-gauge-steel (LGS) technologies for the construction of cost-effective and environmentally friendly structures.

Minaean Building Structures Inc. is the North American subsidiary of Minaean International Corporation. The Company uses its trademarked ‘Artisan Quik-Build’ system primarily to construct residential and commercial condominiums within the American market. The Company is in the process of completing the engineering on an eight storey residential apartment building in Oregon, USA, drawings for which will be submitted for the building permit within the next 30 days. The Company is also negotiating on number of other projects in the USA and is hopeful of concluding a few as the industry begins to show signs of recovery.     

MIC’s Asian subsidiary, Minaean Habitat (India) Pvt. Ltd. (MHI), is well known for its pioneering efforts in the manufacture of LGS components for the construction industry and modular metal buildings in India.

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