Minaean International Corp.

Minaean International Corp.

December 13, 2007 15:55 ET

Minaean Announces Private Placement of Units and Convertible Debentures

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 13, 2007) - Minaean International Corp. (TSX VENTURE:MIB)(BERLIN:NJA)(FRANKFURT:NJA) is pleased to announce a private placement of up to seven million units at a price of $0.33 per unit. Each unit will consist of one common share and one-half of one share purchase warrant of the Company. Each whole share purchase warrant will entitle the holder to purchase one common share at a price of $0.45 per share for a period of two years.

Further, the Company also announces a private placement of up to $2 million in 11% convertible debentures, with interest payable semi-annually. The convertible debenture will have a term of 5 years and one day and will be convertible into common shares of the company at a price of $0.45 per share anytime during the first 3 years, $0.60 per share after the 3rd year, $0.75 per share after the 4th year and $0.90 after the 5th year.

Finders' fees of 7.5% will be payable on a portion of the private placement of units and of 5% on the convertible debenture.

The proceeds from the private placement will be used to fund the Company's operations in India and North America and for working capital purposes.

The private placement is subject to regulatory approval.

About Minaean

Minaean International Corp., is an innovator of rapid, efficient building systems using cold formed steel technologies. Currently, Minaean has four systems: the 'Vesta Quik-Build' (patent under process), 'Artisan Quik-Build', 'Modular Quik-Build' and 'Artisan Composite System'.

Minaean provides an all encompassing in-house design, engineering, prefabrication, supply and installation of modular buildings and light gauge steel load bearing wall panels with flooring systems capable of being assembled, delivered and installed within 7 to 10 days. 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) is 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, President & Director

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