China Gengsheng Minerals, Inc. gets supply contract with China National Petroleum Corporation

China Gengsheng Minerals, Inc., leading Chinese manufacturer of materials for certain industries such as steel an oil, conducting business through its BVI-registered subsidiary Gengsheng International Corporation, announced that it has signed a fracture proppants supply contract with Jilin Oil Group Co., Ltd., a wholly owned subsidiary of China National Petroleum Corporation (CNPC). The total value of the contract for company’s oil field operations in Jilin province is $1.6 mln. By the terms of the contract, Gengsheng will start shipping fracture proppants immediately through the end of 2008.

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