Mint Technology Corp. Announces First Closing of $520,000

TORONTO, July 15, 2008 - Mint Technology Corp. (TSX-V: MIT) today announced that it has raised gross proceeds of $520,000 through the issuance of 2,600,000 units (the “Units”) under a private placement announced on June 24, 2008.  The Units consist of one common share and one-half of one common share purchase warrant.  Each whole warrant entitles the holder to purchase one common share at $0.35 per warrant on or before July 15, 2009.

The proceeds of the private placement will be used to help Mint execute the next phase of its business plan.  Mint is taking prepaid in a new direction by working with large financial institutions globally to help consumers build and manage credit facilities responsibly. 

Mint issued 260,000 non-transferable warrants to a finder who introduced subscribers under the private placement.  The finder warrants entitle the finder to purchase 260,000 Units for $0.20 per Unit on or before July 15, 2010.

Mint expects to complete a second and final closing of the private placement of Units on July 31, 2008 for gross proceeds of up to $480,000.

All securities issued at the first closing, or issued upon exercise of any warrant issued at the first closing, are subject to a hold period expiring on November 16, 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

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

Mint Technology Corp.

Phone: (416) 581-0001

Fax: (416) 581-1527

Email: fmaduri@mintinc.ca