MINT TECHNOLOGY CORP.

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

Toronto, Ontario January 11, 2008 - Mint Technology Corp. (Mint) (TSX: MIT-V) announced that it has executed a binding term sheet with respect to a non-brokered private placement of $1,000,000.   The proceeds will be used for working capital purposes.

Mint has agreed to seek shareholder approval of a 1-for-20 share consolidation at the meeting of shareholders scheduled for February 29, 2008.  Following the consolidation but before closing the private placement, there will be approximately 8,652,000 common shares outstanding.  The private placement will close immediately following the consolidation.  Information in this press release is expressed on a post consolidation basis.

The private placement will constitute a Change of Control under the policies of the TSX Venture Exchange. Mint is required to obtain shareholder approval of the Change of Control, which it intends to do by obtaining written consent from shareholders holding more than 50% of the outstanding common shares of Mint. A filing statement providing details of the private placement and the Change of Control will be filed on SEDAR.

Under the private placement, Mint will issue 13,333,333 units (the “Units”) for $0.075 per Unit (post consolidation).  Each Unit will consist of one common share and one common share purchase warrant.  Each common share purchase warrant will be exercisable, for 24 months from closing, for one common share at an exercise price of $0.10 (post consolidation).  Upon completion of the private placement, the purchasers of the Units will hold approximately 61% of the outstanding common shares in Mint.

It is a condition of the private placement that shareholders holding more than 50% of the outstanding common shares of Mint consent in writing to the transaction and agree to vote in favor of the transaction.

The board of directors of Mint now consists of Frank Maduri and Roger Rai, following the resignation of Dean Thrasher.  Five directors are to be elected at the upcoming shareholders meeting.  The term sheet provides that four nominees of the investors will be named to the board of directors of Mint.  The investors have nominated Chris Hogg, Michael Pesner and Richard Groome, with the fourth nominee to be determined.

The Units are being purchased by Cristomel Inc., a corporation incorporated under the laws of Canada, (controlled by Antoine Nohra, a resident of Montreal, Quebec); partners, associates or customers of Notre-Dame Capital Inc., a corporation incorporated under the laws of Canada, (controlled by Richard Groome, a resident of Beaconsfield, Quebec); Glocap Management Inc., a corporation incorporated under the laws of the State of Delaware, USA, (controlled by Chris Hogg, a resident of Pennsylvania, USA) and Hermitage Canada Finance Inc., a corporation incorporated under the laws of Canada, (controlled by Michael Pesner, a resident of Montreal, Quebec) or parties designated by Hermitage.  The investors include parties that are prominent in the credit card and consumer financial products industries.  They have plans to integrate Mint’s prepaid solutions into their offerings in Canada and globally.  This will include negotiating an agreement with Credico Marketing Inc. to take on the sales and marketing of Mint’s prepaid solutions, which is a condition of closing the private placement.  Credico Marketing Inc. is a company controlled by Antoine Nohra.

Antoine Nohra is the Chief Executive Officer of Cristomel Inc. Cristomel is a holding company that was incorporated in March 2000. Cristomel currently owns several companies located mainly in North America, Mexico and Europe.  The most notable company owned by Cristomel is Credico Marketing Inc. (Credico), a Canadian corporation that has been in business for over 12 years. Credico is engaged in the business of customized sales and marketing programs, credit card acquisition, point of sale promotion (including in-branch tabling) and event marketing. Credico is the leader not only in Canada, but also internationally, in the sector of face-to-face credit card acquisition. Its clients include major banks, financial institutions and retailers worldwide.  Mr. Nohra is the founder and Chairman of Credico. He started and acquired various businesses over the years one of them being Credit Guarantee Corporation Limited, a company specialized in guaranteeing credit card receivables to banks globally. He was also the cofounder of Cardex Corporation, a company that was focusing mainly on point of sale (POS) terminals. Mr. Nohra also acquired in 2001 Clegg Campus Marketing Ltd, a Toronto based company that was a leader in the area of student marketing. Mr. Nohra is a dynamic businessman whose tremendous marketing skills and business sense have been acknowledged in 2006 when he was nominated to the Top 40 Under 40. 

Michael Pesner is the President of Hermitage Canada Finance Inc. since 2002, a firm specializing in financial advisory services.  He was previously a partner in financial advisory services at KPMG LLP, Chartered Accountants, in Montreal, specializing in corporate finance, mergers and acquisitions, divestitures, restructuring and corporate recovery in Canada.  Mr. Pesner holds a Bachelor of Commerce degree in Finance and Administration from McGill University as well as a Bachelor of Arts degree from Sir George Williams University.  Mr. Pesner is also a Chartered Accountant, a licensed Trustee in Bankruptcy and a Certified Insolvency and Restructuring Professional.  Mr. Pesner is a director of Prestige Telecom Inc., a company listed on the TSX Venture Exchange, Bitumen Capital Inc., a capital pool company listed on the TSX Venture Exchange, San Anton Capital Inc., a capital pool company listed on the TSX Venture Exchange, and Quest Uranium Corporation, listed on the TSX Venture Exchange.   

Richard T. Groome is Managing Partner of Notre-Dame Capital Inc. Notre-Dame Capital Inc. (NDC) was incorporated in October 2005 as a specialty investment and merchant bank for small and medium-sized corporations. The company is a licensed "Limited Market Dealer" with the Ontario Securities Commission (“OSC”), however is not a brokerage firm and does not hold client accounts.  Prior to starting Notre-Dame Capital in October 2005, Richard Groome was Senior Vice-President of Strategic Capital from January 2003 through September 2005 and Senior Vice-President of Institutional Equity Sales from August 2001 to January 2003 at Desjardins Securities, a Quebec based firm. Richard has been in the financial industry for more than 20 years at such firms as Groome Capital (his own firm), Marleau Lemire Securities, Sprott Securities and Levesque Beaubien Geoffrion. He has a BA in Economics from McGill University.

Chris Hogg is the Chief Executive Officer of Glocap Management Inc. (Glocap), a private investment company that has interests in the credit card and consumer financial services industries in the United States, UK and South East Asia.  He has a business background in consumer financial services in these regions spanning 30 years.  He is the CEO of CGC Management Limited, the company that manages Credit Guarantee Corporation Limited (CGC) and a substantial shareholder of CGC.  Glocap is also invested in a specialist insurance agency based in SE Asia in partnership with one of the world’s largest mobile phone groups and AIG, the US based insurance group and a global education technology subscription business with customers in UK, Spain, UAE, China and the USA.  Mr. Hogg is based in Philadelphia, USA and travels extensively looking for investment and innovative financial product opportunities for Glocap and its investee companies.

The investors will have the following basic and fully diluted shareholdings in Mint upon closing:  Cristomel (19.98% and 24.88%), partners, associates or customers of Notre-Dame Capital (15.16% and 18.88%), Glocap Management (17.92% and 22.31%) and Hermitage Canada Finance or parties designated by Hermitage (7.58% and 9.44%). 

The purchasers have until January 18, 2008 to conduct customary due diligence related to the private placement.  The closing of the private placement is expected to take place on or about March 4, 2008.  The investors have agreed to provide a loan of $200,000 to Mint which Mint will use to operate until the shareholders meeting.  The loan will be secured against the assets of Mint and its subsidiaries and it is payable on demand.  Mint has agreed to repay the loan when the private placement of Units is completed. The loan will be interest and bonus free.

This private placement is subject to TSX Venture Exchange approval.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

The securities will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption therefrom under the 1933 Act and the securities laws of all applicable states.

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

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