Mint and CashValet Financial Services to Introduce Canada’s Premier Payroll Card

Toronto, July  5, 2007 – Mint Capital Corp., a subsidiary of Mint Technology Corp. (TSX-V: MIT), today launched in partnership with CashValet Financial Services Inc., Canada’s premier payroll card (“Payroll Card”). Payroll Cards offer employers the perfect solution for recurring payments such as payroll, expenses and incentives.   

“This announcement demonstrates our ability to rapidly develop new products that address untapped markets and opportunities,” said Frank Maduri, CEO and president, Mint Technology Corp., “Payroll Cards are an extension of our suite of prepaid products, which are targeted at replacing cheque-based and manual methods of payment.”  

“The use of prepaid cards for payroll is one of the fastest growing prepaid card segments in the United States and we expect similar adoption in Canada,” said Celine Charlebois CEO of CashValet, “Payroll Cards provide significant benefits for both the employer and employee – a win win situation.  The CashValet payroll prepaid card is a smart way to pay and a smart way to cash.”

According to the Pelorus Group, an independent research firm, there were 7 million Payroll Cards in circulation in the US in 2006. This represents more than a three-fold increase from the 2.2 million cards in circulation in 2004. The number of US Payroll Cards is expected to increase to 17.5 million in 2010. Research by the Aite Group projects spending on Payroll Cards to exceed $27.1 billion by 2009.

Payroll Cards will save companies up to 75 % of the costs associated with issuing paper-based pay cheques, expense reimbursements and benefits.  Employers simply provide their employees with personalized Payroll Cards, where funds can be electronically loaded.  Funds from employees’ pay cheques can then be withdrawn from ATM machines, or the funds can be used for purchases anywhere traditional credit cards are typically accepted. The employee benefits are two-fold; firstly, it eliminates cheque-cashing fees for those employees that do not have a banking relationship or those that are underbanked.  Secondly, it provides credit card like capabilities to those employees that do not qualify for traditional credit cards.

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 .

About CashValet Financial Services Inc. (“CashValet”): As a division of Perceptech Inc., CashValet has been a specialist in direct deposit solutions since 1980.  CashValet develops and markets new methods of electronic transactions. CashValet manages a payroll prepaid card including program implementation, sales and marketing, system operation, risk management and customer service.

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For more information please contact:

Dean Thrasher
Executive Vice President
Mint Technology Corp.
Tel: 416.581.0001 ext. 241
Fax: 416.581.1527
dthrasher@mintinc.com

Céline Charlebois
CEO
CashValet Financial Services Inc.
Tel: 450.688.2322
Fax: 450.688.7511
celine.charlebois@cashvalet.com

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.