Minaean Secures Contract To Construct Hostel & Library In Valsad For Government Of Gujarat, India

Vancouver, BC, Canada –February 2, 2010– 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 successfully secured a contract for the turnkey design and construction of the hostel and library for a new medical college campus in Valsad, Gujarat, India.

The new medical college has been sanctioned by the Health & Family Welfare Department, Government of Gujarat. The administration plans to inaugurate the college this year and take its first batch of MBBS students for the academic year 2010-2011, during September. There is a requirement for a Hostel and Library building for the first year which will be constructed using pre-engineered light gauge steel structures. The total area of construction for this project is approximately 24,000 sq. feet and the hostel will accommodate over 120 students. The contract represents revenue of over CAD$ 1.04 million for MHI. The award of this contract is an indication of the country opening its doors to innovative quick build construction solutions.

This contract is significant as it gives the Company an opportunity to once again successfully showcase its ‘Artisan Quik Build’ light gauge steel construction system in the Indian market. The Company had initially introduced the Artisan system during 2001 in wake of the Gujarat earthquake as a means to fulfill the need for a cost efficient and quick construction system. In time, and with the popularity of MHI’s light gauge steel solutions in the commercial sector (such as Gas Retail Outlets and ATM Kiosks), businesses and governments have begun to take notice of the advantages of using Minaean’s construction system. It can be deployed to meet any design requirements to construct super-structures of buildings rapidly, cost effectively and in an environmentally sustainable manner.

Hari Varshney, Chairman of Minaean, who recently accompanied Prime Minister Stephen Harper on his trip to India, commented, “This is a great step for MHI to showcase to the Indian government departments the huge benefits of using Artisan as a construction platform. Artisan was our first innovation and we have an abundance of experience in constructing such structures. We fully anticipate the success from this project to translate into many more orders and enquiries in the near future.”
 

About Minaean
Minaean Habitat (India) Pvt. Ltd., a wholly owned subsidiary of Minaean, is a company well known for its pioneering efforts in the manufacture of 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