Mint Announces Third Quarter Results

Toronto, Ontario CANADA, August 09, 2007 - Mint Technology Corp. (MIT - TSX Venture), through its wholly owned subsidiaries (collectively “Mint”) is Canada's leading provider of prepaid credit card programs, announced its financial results for the quarter ending May 31, 2007.

Revenue for the three-month period ended May 31, 2007 increased by approximately 87% to $440,952 compared to $235,837 in the three-month period ended May 31, 2006 primarily due to the increase in prepaid credit card service fee revenues, and a slight increase in professional services and B2B transaction processing fees.

Operating expenses totaled $1,154,972, a decrease of 14% over operating expenses for the same period in 2006 which totaled $1,343,062. The decrease in operating expenses was primarily the result of staff reductions, decreases in professional fees, and a reduction in network and telecommunication costs related to prepaid credit card programs.  EBITDA for May 31, 2007 and 2006 were ($714,020) and ($1,107,225), respectively.

"We are very pleased with the progress and the direction in which the company is moving.” said Frank Maduri, President and CEO, Mint Technology Corp., "The final stage of rebuilding and restructuring the company is complete and we are now focused on cardholder acquisition, revenue growth and improving our bottom line ", he added.

Additional information, including interim financial statements and Management Discussion and Analysis relating to Mint, can be found on SEDAR at www.sedar.com .

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For more information please contact:

Dean Thrasher
Executive Vice President
Mint Technology Corp.
Tel: 416.581.0001 ext. 241
Fax: 416.581.1527

dthrasher@mintinc.com

About Mint Technology Corp. (“Mint”): 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 co-branding and loyalty programs, and new wireless payment alternatives such as contactless functionality. The company is headquartered in Toronto, Ontario. www.mint-technology.ca

The TSX venture exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may include statements about future events and/or financial statements that are forward looking in nature, subject to risks and uncertainties