Minaean Announces Financial Results For The Year Ended March 31, 2008

Vancouver, B.C. – August 1, 2008 – Minaean International Corp. (TSX Venture: MIB; Berlin and Frankfurt Stock Exchanges: NJA) (“Minaean” or the “Company”) is pleased to announce its financial results for the year ended March 31, 2008.

Operations in India:
Retail Outlets:

• Contracted for an additional 28 modular retail buildings for Shell India Marketing Pvt Ltd.’s gas station sites in the Southern and Western regions of India.  This order is in addition to the 37 modular retail buildings contracted in fiscal 2007.
• Contracted by Bharat Petroleum Corporation Limited to construct 452 sq ft retail outlet building for its existing gas stations in Bangalore which is undergoing remodeling and refurbishing. 

Porta-Cabin & Modular Offices:

• Completed production of the first Porta-Cabin and Modular Office prototypes for usage as a mini site office with an area of 160 sq ft and 320 sq feet, respectively, to meet the campsite demands from the booming oil exploration industry.

ATMS:

• Awarded contracts for modular buildings to house ATM units from:
  • Union Bank of India for four units, using the Company’s Cellular Light Concrete technology, at the Western Railways Suburban Stations in Mumbai.
  • Canara Bank for 30 units, using the Company’s Modular Quik-BuildTM technology, at the suburban railways stations in Mumbai.
  • ICICI Bank for 20 units within the Central and Western Railway Stations in Mumbai.

Bus Queue Shelters:

• Awarded contracts for construction of a prototype bus queue shelter for local government transit systems in Mumbai, India from:
  • Times India Innovative Ltd. for 100 units in Mumbai, India and 100 units in Bangalore, India.
  • Proactive Media Group for 100 units in Mumbai, India.
    

Operations in North America:

• Completed three projects in Oregon, USA, Clinton Condominiums, a 48,800 sq ft residential complex, West Town, an 87,780 sq ft building complex, and Belmont East, a 41,500 sq ft residential complex.
• Contracted to produce supply and install load bearing walls and floor systems using the Company’s Artisan Quik-Build System for:
  • a four storey 41,280 sq ft complex, Sunrose Condominiums in Portland Oregon.
  • a six storey building complex, Shaver Green in Portland, Oregon.
  • a four story 85,230 sq ft residential condominium, Pacific Spirit in Vancouver, BC.  The project is currently in the engineering phase and construction is anticipated to commence in December 2008.
  • a four story 18,900 sq ft residential and commercial development, located at the crossroads of Waterloo Street and West Broadway in Vancouver, BC. The project is currently in the engineering phase and construction is anticipated to commence in November 2008.

Total sales for the year ended March 31, 2008 were $3,885,109 compared to $3,401,376 for the year ended March 31, 2007, an increase in sales by $483,733 or 14%. Sales derived from the construction of various modular buildings in India and utilizing the Artisan Quik-Build System in the U.S.

 “Though Minaean had expected to cross $6million in revenues, the delays in obtaining construction permits by Shell was the cause for not being able to meet the forecasts” says Mervyn Pinto, President & CEO of the Company.  “These delays have resulted in a backlog of contracts which will be executed during fiscal 2009.  With the Indian economy booming and new product lines introduced, Minaean will be going through some exciting periods giving shareholders the value for their investment and reward their patience and trust.”  

About Minaean  

Minaean International Corp., manufactures rapid, efficient building systems using light-gauge steel.  Minaean's Vesta Quik-BuildTM, Artisan Quik-BuildTM construction kits are available for houses and buildings of up to four stories.

The newly launched “modular buildings” designed, engineered and prefabricated in the factory environment, capable of being assembled and delivered within 7 days are an addition to the Company’s innovative construction technologies.  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.

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 

"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."