Manas Petroleum ("Manas") (OTCBB: MNAP) is pleased to report that it has entered into an arm's length binding letter of intent (the "LOI") dated November 19, 2009 with WWI Resources ("WWI") a TSX-V listed company, pursuant to which Manas will sell all of the shares of one of its wholly-owned subsidiaries (the "Subsidiary") in exchange for a minimum of 100,000,000 common shares and a signing bonus in cash. At or prior to closing, Manas will reorganize its affairs such that the Subsidiary will own 100% of Manas' Albanian assets. The LOI provides that, after closing, WWI will be obligated to
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