Mint Technology Corp.: Mint Technology Corp. Announces Financing of up to $1.0 Million

Toronto, Ontario CANADA, Jun 24, 2008 (M2 PRESSWIRE via COMTEX) -- MITJF | Quote | Chart | News | PowerRating -- Mint Technology Corp. (MIT - TSX Venture, MITPF - OTCBB_Pink_Sheets), announced today that the company will be raising up to $1.0 million in a non-brokered private placement of units at a price of $0.20 per unit. Each unit will consist of one common share and one-half of one common shares purchase warrant. The common share purchase warrants are exercisable for $0.35 on or before July 15, 2009. The private placement is subject to regulatory approval.

The proceeds of the private placement will be used to help Mint execute the next phase of its business plan. Mint is taking prepaid in a new direction by working with large financial institutions globally to help consumers build and manage credit facilities responsibly.

The private placement is to close in one or more closings no later than July 15, 2008. All securities issued pursuant to the private placement will be subject to a four month hold period.

Mint may issue non-transferable warrants to finders who contract with Mint and introduce subscribers under the private placement. The finder warrants will entitle the holder to purchase units equal to 10% of the units issued to subscribers introduced by the finder, exercisable for $0.20 per share during the 24 months following closing.

ABOUT MINT TECHNOLOGY CORP.: Through its wholly owned subsidiaries, Mint is a leading payment solutions company. With its' payment platform and prepaid credit card programs, Mint is the first in Canada to facilitate and deploy prepaid credit cards with unique features such as cobranding and loyalty programs, and new wireless payment alternatives such as contactless functionality. The company is headquartered in Toronto, Ontario. www.mint-technology.ca.

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Source: Mint Technology Corp. (TSX-V: MIT) http://www.mintinc.ca

CONTACT: Frank Maduri, President, Mint Technology Corp. Tel: +1 416 581 0001 Fax: +1 416 581 1527 e-mail: fmaduri@mintinc.ca Filing Services Canada Inc. Tel: +1 403 717 3898 Fax: +1 403 717 3896 WWW: http://www.usetdas.com

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