China Gengsheng Minerals, Inc. Wins Fracture Proppants Contract with Huabei Oil Management

China Gengsheng Minerals, Inc., a materials technology company in China with products capable of withstanding high temperature, saving energy and boosting productivity in certain industries such as steel and oil, today announced that it has signed a fracture proppants supply contract with Huabei Oil Management Company in Renqiu, Hebei province.

According to the contract, Gengsheng will start shipping a total of 1,000 tons of high-density fracture proppants immediately through July 31, 2009. Fracture proppants are a light, bauxite-based, grain-like material that has a round and smooth surface and a quality of resisting high pressure and acid corrosion. They are used by oil and gas drillers to extract pockets of oil and natural gas scattered underground.

In the first half of 2008, the Company has inked a total of $5.3 million contracts to supply fracture proppants to major Chinese oil companies, including China National Petroleum Corporation, China National Offshore Oil Corporation, and China Petroleum and Chemical Corporation.

China Gengsheng Minerals, Inc. (“Gengsheng”) develops, manufactures and markets a broad range of high-tech industrial material products, including monolithic refractories, industrial ceramics and fracture proppants. A market leader offering customized solutions, Gengsheng sells its products primarily to the iron-and-steel industry as heat-resistant components for steel-making furnaces, industrial kilns and other high-temperature vessels to guarantee and improve the productivity of those expensive pieces of equipment while reducing their consumption of energy. Founded in 1986 and based in China’s Henan province, Gengsheng currently has over 200 customers in the iron, steel, oil, glass, cement, aluminum and chemical businesses located in China and in 11 other countries. Gengsheng conducts business through Gengsheng International Corporation, a British Virgin Islands company, and its Chinese subsidiaries, which are Henan Gengsheng Refractories Co., Ltd., Zhengzhou Duesail Fracture Proppant Co., Ltd. and Henan Gengsheng High Temperature Materials Co., Ltd.

For more information about the Company, please visit http://www.gengsheng.com .