Mint Technology Corp. Announces New President and CEO

Toronto, Ontario - July 22, 2008 - Mint Technology Corp. (TSX-V: MIT) is pleased to announce the appointment of Chris R Hogg as President and Chief Executive Officer of the Company effective August 15, 2008.  Frank Maduri will be stepping aside from his present role as CEO and following a further review will be offered a continuing role with Mint to be announced in 4 weeks time. Mr. Maduri remains a Director of the Company.

Mr. Hogg is the principal of Glocap Management Inc, a US based Venture Capital Investment Company. Glocap is a substantial shareholder of Mint and Mr. Hogg is the present Chairman of the Company bringing 30 years of consumer financial services experience.

A new Chairman will be appointed at a board meeting to be held in August.

“I am pleased to step up and increase my responsibilities at Mint. We have achieved some important steps in recapitalizing the business, are in the process of closing a further capital raise and will now focus on containing our expenses and adding new revenues from a number of new relationships our group has brought to Mint" said Mr. Hogg.

"Mint has an impressive platform, good people, strong partnerships with GE Money and MasterCard and a valuable business customer in the Much Music Group. Our job both as a Board and management is to grow now using the added skills, global networks, retail financial services experience and entrepreneurial flair of the new Investor Group"

"The business will focus on Youth, the Credit Needy and migrant and minority markets. Our distribution channels will include leveraging our strong banking relationships, large consumer businesses and new online media tools"

"Mint was the first prepaid company in Canada, now we aim to be the best!"

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:

Chris Hogg or Dawn Mandarino
Mint Technology Corp.
Phone: (416) 581-0001
Fax: (416) 581-1527
Email: dmandarino@mintinc.ca