Source: Manas Petroleum Corp.                 Date: 11 May, 2011

Manas Petroleum Corp. has announced the completion of a public offering of units pursuant to a long form prospectus filed in all provinces of Canada except Quebec and a registration statement filed with the Securities and Exchange Commission on Form S-1 in the USA.  Manas sold a total of 44,450,500 units at USD0.50 each for aggregate gross proceeds of USD22,225,250. Each unit consisted of one share of common stock in the capital of the company and one common share purchase warrant entitling the purchaser to purchase one additional common share until May 6, 2014 at a purchase price of USD0.70 per share.

Concurrently with the completion of the offering, Manas has been listed as a Tier 2 Oil and Gas issuer on the TSX Venture Exchange. Shares of Manas common stock will trade on the TSX Venture Exchange under the symbol MNP and the warrants issued in the offering will trade on the TSX Venture Exchange under the symbol MNP.WT. Manas will retain its current listing on the OTC Bulletin Board but the warrants will trade only on the TSX Venture Exchange.

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 Mongolia Manas has through its 100%-owned subsidiary, DWM Petroleum AG, an interest of 74% in two production sharing contracts covering Block 13 and 14.