Mr. Mervyn Pinto reports

MINAEAN SP CONSTRUCTION ANNOUNCES PRIVATE PLACEMENT

Minaean SP Construction Corp. has arranged a private placement of up to 60 million common shares of the company at a price of one cent per common share for gross proceeds of up to $600,000. It is anticipated that 25 per cent of the proceeds will be used as general working capital and 75 per cent will be used for business purposes and exploring new opportunities. There will be no finder's fee payable in connection with the private placement. No proceeds of the private placement are proposed to be paid to any non-arm's-length parties or for investor relations activities.

The private placement is subject to TSX Venture Exchange approval and all securities issued will be subject to a four-month hold period.