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China GengSheng Minerals Wins Two Fracture Proppant Export Contracts Valued at Approximately $3.6 Million

April 28, 2010

GONGYI, China, April 28 /PRNewswire-Asia-FirstCall/ — China GengSheng
Minerals, Inc. (NYSE Amex: CHGS), a high-tech industrial materials
manufacturing company in China with products capable of withstanding high
temperatures, reducing energy consumption, and boosting productivity in
industries such as steel and oil, today announced it has won two fracture
proppant supply contracts to expand its international export operation. The
combined value of the two contracts is approximately $3.6 million.

The two contracts were signed on April 14, 2010 and April 24, 2010,
respectively, between GengSheng’s subsidiary, Zhengzhou Duesail Fracture
Proppant Co, Ltd and AMSAT International, a U.S. importer with distribution
channels in the United States. Pursuant to the contracts, GengSheng was to
start shipping 1,008 metric tons of fracture proppant on or before April 23,
2010
, and will ship another 8,028 metric tons on or before September 1, 2010.
GengSheng has already shipped out the first 1,008 metric tons of the fracture
proppant products. Fracture proppants are light, bauxite-based, grain-like
materials that have 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.

Mr. Shunqing Zhang, Chairman and CEO of GengSheng, commented: “We are
excited about the active export operation of our fracture proppant products,
which will generate a stable monthly revenue for us. We have good business
relationship with AMSAT and other overseas importers, and have got positive
feedback from the international consumers. In addition, our second production
line ensures our capacity to meet the increased demand of the international
market. We believe that the export of the fracture proppant segment will
contribute to a higher revenue, which will benefit our shareholders.”

About China GengSheng Minerals, Inc.

China GengSheng Minerals, Inc. (“GengSheng”) develops, manufactures and
markets a broad range of high-tech industrial material products, including
refractories, industrial ceramics and fracture proppants. As 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’sHenan province,
GengSheng currently has over 200 customers in the iron, steel, oil, glass,
cement, aluminum and chemical businesses located in China and 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., Henan GengSheng Micronized Powder Materials Co., Ltd, Guizhou SouthEast
Prefecture Co., Ltd., GengSheng New Materials Co., Ltd, and Henan GengSheng
High Temperature Materials Co., Ltd.

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

Safe Harbor Statement

This press release may contain certain “forward-looking statements”
relating to the business of China GengSheng Minerals, Inc., and its subsidiary
companies. All statements other than statements of historical fact included
herein are “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements regarding the
Company’s ability to meet its projected output for the term of the supply
contract; the general ability of the Company to achieve its commercial
objectives; the business strategy, plans and objectives of the Company and its
subsidiaries; and any other statements of non-historical information. These
forward-looking statements are often identified by the use of forward-looking
terminology such as “believes,” “expects” or similar expressions, involve
known and unknown risks and uncertainties. Although the Company believes that
the expectations reflected in these forward-looking statements are reasonable,
they do involve assumptions, risks and uncertainties, and these expectations
may prove to be incorrect. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. The Company’s actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including those discussed in the Company’s periodic reports that are
filed with the Securities and Exchange Commission and available on its website
at http://www.sec.gov . All forward-looking statements attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    In China:

    China GengSheng Minerals, Inc.
     Ms. Wendy Sun
     Finance Manager and Investor Relations
     Tel:   +86-159-3870-8666
     Email: gswendy@GengSheng.com

     Mr. Shuai Zhang
     Investor Relations
     Tel:   +86-135-2551-0415
     Email: gszs@GengSheng.com

    In the U.S.:

    RedChip Companies, Inc.
     Mr. Dave Gentry
     President
     Tel:   +1-407-644-4256 x104
     Email: info@redchip.com

SOURCE China GengSheng Minerals, Inc.


Source: newswire