NEWS RELEASES
Minaean Receives $100,000 Loan
February 22, 2010
Vancouver, BC, Canada –February 22, 2010– Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA) (“Minaean” or the “Company”) wishes to announce that it has arranged a loan of $100,000 from a non-arm’s length party for working capital purposes.
The loan bears interest at the rate of 10% per annum and has a maturity date of one year from the date of receipt by the Company. This loan can be repaid earlier, at the Company’s discretion, if it is able to complete an equity financing. Minaean will issue bonus shares of 200,000 at a deemed price of $0.0975 per share to the non-arm’s length party in consideration for providing the loan in accordance with the TSX Venture Exchange’s policies.
The above transaction is subject to the TSX Venture Exchange approval.
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

