Manas Amends Investor Relations Agreement

Tuesday, Feb 07, 2012

BAAR, Switzerland, Feb. 6, 2012 /PRNewswire/ -- Manas Petroleum Corp. ("Manas") (TSX-V: MNP; OTCBB: MNAP) today announced that it has amended its consulting agreement with Undiscovered Equities, Inc. to provide for an orderly wind-down of services from March 1, 2012 until April 29, 2012, on which date the consulting agreement will automatically expire.

During the transition period beginning March 1, 2012, Undiscovered Equities will cease to provide investor relations services to Manas, though it has agreed to provide transition services on an "as-needed" basis at an hourly rate and only upon Manas' written request.

About Manas Petroleum Corp.

Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South-Eastern Europe, Central Asia and Mongolia.  In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian public company. In Kyrgyz Republic, Manas has signed a US$54 million farm-out agreement with Santos International, a subsidiary of one of Australia's largest oil and gas companies. In addition to the development of its Kyrgyz Republic project, Manas participates in an oil and gas exploration project in neighboring Tajikistan through its majority-owned subsidiary Somon Oil Company, subject to an option farm out agreement with Santos. In Mongolia, Manas owns record title to the two Production Sharing Contracts covering Blocks XIII and XIV through its wholly-owned subsidiary Gobi Energy Partners GmbH, but 26% of the beneficial ownership interest in these blocks is held in trust for others.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Manas Petroleum Corp.

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