Mint Technology Corp. - Update on management cease trade order

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES

Toronto, Canada, January 24, 2008 - Mint Technology Corp. (TSX-V: MIT) ("Mint" or the "Company") confirms, in accordance with the terms of the management cease trade order ("MCTO") issued by the Ontario Securities Commission, that:

• there has been no material change in the information contained in the default announcement filed by the Company on December 28, 2007 (the “Default Announcement”);

• there has been no failure by the Company in fulfilling its stated intentions as set forth in the Default Announcement;and

• there is no mother information concerning the affairs of the Company that has not been generally disclosed.

This news release contains "forward-looking statements" within the meaning of applicable securities laws. These statements concern anticipated future events, results, circumstances, performance or expectations that are not historical facts. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties that can affect our actual results and could cause our actual results to differ materially from those expressed or implied in any forward-looking statement made by us or on our behalf. These statements are made as of the date of this news release and, except as required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

The TSX venture exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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