Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

August 11, 2011 16:31 ET

Mint Announces Appointment of Head of Compliance and Investor Relations

TORONTO, ONTARIO--(Marketwire - Aug. 11, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Mint Technology Corp. ("Mint or the "Company") (TSX VENTURE:MIT) announces that the Company has appointed Ms. Nicole Souadda as Head of Compliance and Investor Relations. Ms. Souadda has been with Mint since 2008. Ms. Souadda was initially recruited as Project Manager for the Canadian Tire Corp relationship for Mint and most recently was the Operations Manager for Mint. "Ms. Souadda's understanding of the Mint business and the compliance and regulatory requirements of the Company and her work on the previous capital raises for the Company makes her an excellent candidate for this position," said Mint Executive Chairman Chris Hogg.

Mint Director and CEO, Nabil Bader said today, "Ms. Souadda's new appointment will strengthen our communications with our shareholders and ensure our on-going commitment to adhering to best practice corporate governance. She has my full support in this important role."

Forward-Looking Statements

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or our future performance. Forward-looking statements include the expected successes expected from the appointment referred to. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date of this news release. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of Mint believes are reasonable assumptions on the date of this news release, Mint cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and Mint disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

ABOUT MINT TECHNOLOGY CORP.

Mint Technology Corp. is a pioneer in prepaid financial products and services and was Canada's first provider of prepaid credit card programs. Today, Mint through its subsidiary Mint Middle East LLC based in Dubai designs, builds and manages an end to end card based payments solution for employers and employees for the payment of wages and benefits. Mint has developed a secure, robust payments platform that provides an improved means to handle and manage these financial transactions. Mint also provides services for those clients looking to move towards 'next generation' payment methods that include chip, internet, data mining and mobile phone load and money remittance technologies.

Stock Symbol: MIT on the TSX Venture Exchange.

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.

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