MINT TECHNOLOGY CORP.

For Immediate Release

Toronto, Ontario January 8, 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. 

The private placement will include the issuance of 266,666,666 units (the “Units”).  Each Unit will consist of one common share and one common share purchase warrant.  Each common share purchase warrant is exercisable, for 24 months from closing, for one common share at an exercise price of $0.005 ($0.10 on a post consolidation basis).  Upon completion of the private placement, the purchasers of the Units will hold approximately 61% of the outstanding common shares in Mint.

Mint has agreed to seek shareholder approval of a 1-for-20 share consolidation at the meeting of shareholders scheduled for February 29, 2008.  It is also a condition of the private placement that shareholders holding more than 50% of the outstanding common shares of Mint consent in writing to the private placement and agree to vote in favor of the share consolidation.  The term sheet also provides that four nominees of the investors will be named to the board of directors of Mint.

The purchasers of Units are an investment syndicate consisting of Cristomel Inc, Notre Dame Capital Inc, Glocap Management Inc and Hermitage Finance Canada Inc.  The syndicate includes parties that are prominent in the credit card marketing industry.  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. 

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 January 22, 2008.

This private placement is subject to TSX Venture Exchange approval.  A copy of the binding term sheet has been filed in SEDAR.

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