Mint Technology Corp. Amends Stock Options

Toronto, Ontario, February 26, 2008 - Mint Technology Corp. (“Mint” or the “Company”) (TSX-V:MIT), announced today that its Board of Directors has passed a resolution which, subject to receipt of disinterested shareholder approval, (a) reduces the exercise price of most of the outstanding incentive stock options to a post-Consolidation price of $0.15 per Common Share, and (b) extends the term of those stock options to December 8, 2010. The board believes that this amendment to the outstanding incentive stock options will help to recognize the Company’s employees, officers and directors for their efforts and create an effective incentive for those employees, officers and directors based on the future performance of the Company’s share price.  Options to purchase up to 6,890,000 pre-Consolidation Common Shares (344,500 post-Consolidation Common Shares) have been repriced to a post-Consolidation exercise price of $0.15 per share and extended to December 31, 2010. The repricing and the extension of the option term will not apply to options held by those who are no longer employees, officers or directors of the Company or its subsidiaries (all of which will expire within 90 days under the terms of the Option Plan).

These amendments are conditional upon receipt of the approval of the Company’s disinterested shareholders and regulatory approval.  No Option may be exercised at the reduced exercise price until such time as the approval of disinterested shareholders is received.

The Board of Directors has called an annual and special meeting of shareholders to be held in Toronto on February 28, 2008 to consider the amendments to the stock options, the consolidation of the common shares on a 1-for-20 basis and other matters.  More detailed information concerning the amendment of the stock options can be found in the information circular for the meeting filed in SEDAR on February 5, 2008. 

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:

Mike Forzley, CA
Chief Financial Officer
Mint Technology Corp.
Tel: 416.581.0001 x243
Fax: 416.581.1527
mforzley@mintinc.com