China GengSheng Minerals Expands Fracture Proppant Capacity - China Gengsheng Minerals (OTC:CHGS)

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China GengSheng Minerals, Inc. (NYSE: CHGS) today announced that it has signed a definitive agreement with a local affiliate in Gongyi, Henan Province to manufacture 30,000 metric tons of its fracture proppants through the end of 2011. With this addition, China GengSheng has increased its total annual fracture proppant capacity by 20% to 90,000 metric tons. In conjunction with this new agreement, the Company has decided to terminate its operating lease, entered in October 2010, and ceased production of fracture proppant products at its leased manufacturing facility in Gongyi, Henan Province.

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