Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

July 28, 2009 16:41 ET

Mint Technology Announces Issue of Shares and Warrants

TORONTO, ONTARIO--(Marketwire - July 28, 2009) - Mint Technology Corp. (TSX VENTURE:MIT) today announced that it has settled $49,650 of debt with the issuance of common shares and common shares purchase warrants. $37,500 was settled with the issuance of 250,000 common shares at a deemed price of $0.10 per share and 250,000 common share purchase warrants exercisable for $0.10 on or before June 24, 2011. $7,500 was settled with the issuance of 100,000 common share purchase warrants exercisable at $0.15 on or before June 24, 2012. $4,650 was settled with the issuance of 30,000 common shares at a deemed price of $0.155 per share.

Mint also announced that it has completed the issuance of an additional $50,000 of convertible debentures under the private placements announced on May 21 and June 24. The debentures are convertible into units at $0.12 per unit, each unit consisting of one common share and one warrant. Each warrant is exercisable for one common share upon payment of $0.16 on or before March 31, 2011. Mint paid a 6% cash finders fee and issued finders warrants to purchase 25,000 units to Panfin Equicap Ltd., each warrant being exercisable for one unit upon payment of $0.12 at any time on or before March 31, 2011. The securities issued in the private placement are subject to a hold period which expires on October 16, 2009 (as to $20,000 of debentures), October 23, 2009 (as to $20,000 of debentures) and November 10, 2009 (as to $10,000 of debentures).

Mint also announced that it has issued finder's warrants to purchase 33,600 common shares at an exercise price of $0.10 per share, expiring on February 24, 2011, as announced on June 5, 2009.

ABOUT MINT TECHNOLOGY CORP.

Mint Technology Corp. is a pioneer in prepaid financial products and services and is Canada's first provider of prepaid credit card programs. As a MasterCard® Member Service Provider, Mint works with business partners to customize prepaid credit card programs that are tailored to meet a company and its card holder's needs. Mint has developed a secure, robust payments platform that provides an improved means to handle and manage 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 remittance technologies. Mint's prepaid card products include general spend for the underserved, youth and employee payroll. Stock Symbol: MIT on the TSX Venture Exchange.

For additional information please visit www.mintinc.com.

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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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