MINT TECHNOLOGY CORP.

For Immediate Release
(Not for dissemination or distribution in the United States)

MINT TECHNOLOGY CORP. ANNOUNCES COMPLETION OF $200,000 LOAN

Toronto, Ontario, February 5, 2008 – MINT TECHNOLOGY CORP. (TSXV: MIT) (“Company” or “Mint”) is pleased to announce the completion of a loan (“Loan”) in the principal amount of $200,000 provided by Cristomel Inc. (“Cristomel”).  The Loan is interest free until a demand for payment is made, after which the loan will bear interest at prime plus 3% per annum.  The Loan proceeds will be used by Mint for working capital purposes.

The Loan is secured by a first ranking security interest in favour of Cristomel on the assets of Mint and its subsidiaries.  The Loan is repayable on demand.  Unless demanded earlier, Mint intends to repay the Loan upon completion of the private placement announced on January 11, 2008.  That private placement is expected to close on March 4, 2008, subject to the satisfaction of certain conditions including shareholder approval at the shareholders meeting scheduled for February 28, 2008.  Cristomel is to be an investor in the private placement, holding almost 20% of Mint’s outstanding common shares following closing of the private placement.

Mint also announced that the holders of almost 50% of the Company’s common shares have agreed to vote in favour of the items of business to be brought before shareholders at the shareholders meeting, including the management nominees for election as directors. 

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

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information please contact:

Frank Maduri
President and Chief Executive Officer
Mint Technology Corp.
Phone: 416-581-0001 ext 242
Fax: 416.581.1527
e-mail: fmaduri@mintinc.com