Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

August 25, 2011 11:15 ET

Mint Issues Shares to Settle Purchase Promissory Note

TORONTO, ONTARIO--(Marketwire - Aug. 25, 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 today issued the shares agreed to settle a promissory note for USD$1.5 million announced on March 9, 2011 which was outstanding from the original purchase of 60% of Mint Middle East (MME) in September 2009.

Mint has issued 10,714,285 common shares at C$0.14 each in satisfaction of this debt to Strategic Alliance FZE, a UAE corporation controlled by Mint's President and CEO Mr. Nabil Bader. The shares will be subject to an agreed trading restriction which prevents the holder from selling the shares until January 8, 2012.

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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