Minaean Receives Purchase Order For Construction Of Retail Outlets At Gas Stations In Karnataka, India

Vancouver, BC, Canada –March 10, 2010 – Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA) is pleased to announce that its wholly owned subsidiary, Minaean Habitat (India) Pvt. Ltd. (“MHI”), has received a purchase order from Indian Oil Corporation Ltd. (“IOCL”) for the supply and installation of 12 modular gas station retail buildings.  MHI will generate approximately $200,000 in revenue from this order which is significant as IOCL is a new client. 

Minaean has been supplying such prefabricated modular retail outlets to oil and gas companies since 2006. The initial significant order received by Minaean for the production and installation of modular retail buildings was through a contract for the supply of 50 such units for Shell Petroleum in India in early 2007.  This will be the first instance where IOCL’s gas stations will be constructed in modular form - further evidence of the steady proliferation of modular construction technology within the Indian market. Where in the past decade modular construction was more a concept, India is slowly adopting innovative technologies like Minaean’s in search for a rapid yet cost effective construction system.

Business in India is showing a remarkably speedy recovery.  This has also extended to oil and gas companies who are now aggressively expanding their reach within the market. Currently, the largest market reach is enjoyed by IOCL which has close to 17,000 gas stations throughout the country. These oil and gas giants have keenly followed MHI’s success in its supply to Shell Petroleum and are now adopting Minaean’s innovative modular solutions for sustainable and quick build construction.

The modular retail outlets will be manufactured and prefabricated in MHI’s Mumbai facility, after which they will be transported and installed at sites within the Indian state of Karnataka. The first prototype was delivered, inspected and approved by IOCL during the last week of February. Such orders are delivered by Minaean within 30 days of order receipt.

Mr. Hari Varshney, Chairman of Minaean said, “Over the last quarter we have received a number of enquiries relating to modular retail outlets which are now materializing into concrete business prospects. We are horizontally expanding within this industry and anticipate attracting more new clients in the coming year.”

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