NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
U.S. 


Mint Technology Corp. ("Mint or the Corporation") (TSX
VENTURE:MIT)(PINKSHEETS:MITJF) announced that it has completed the issuance of
$2,500,000 of debt through a private placement of secured interest bearing
debentures (the "Debenture(s)") which was conditionally approved by the Toronto
Stock Exchange on April 26, 2012, for a maximum issue of $4,500,000, known as
Series 5.  


Funds will be used for the purposes of the microcredit loan book to be
originated and serviced by Mint Money LLC in the UAE under a pilot program in
advance of the long term structured credit facility of $50,000,000 as announced
on December 29, 2011. Details of this will be provided upon completion of due
diligence. 


Chris Hogg, Mint Executive Chairman, said today, "We are pleased to be able to
begin our Mint Money program with the pilot capital closing announced today.
This will be followed by the long term structured credit facility once the pilot
funds have been deployed over the next 30 - 60 days and due diligence is
completed." 


This investment was made through various funds sub-advised by Portland
Investment Counsel Inc. ("Portland") (Executive Chairman, Chief Executive
Officer and Chief Investment Officer, Michael Lee-Chin, the Corporation's
largest shareholder). A 5% agent fee was paid to 4Front Capital Partners, Inc. 


The Debenture interest rate is 12% payable quarterly in arrears together with
1.4 bonus shares of Mint for every CAD$1.00 of Debenture issued. The Debentures
are due and payable on May 8, 2014. Mint may prepay all or any part of the
principal outstanding at any time, without notice or bonus. Each Debenture will
be secured against all of Mint's undertakings and business and all of its
property and assets, both present and future by a General Security Agreement
("GSA").  


The securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended.


ABOUT MINT TECHNOLOGY CORP

Established in 2004, Mint is the world's first vertically integrated prepaid
card and payroll services provider with its own ATM network, payment processing
platform and proprietary branded card product including microcredit, mobile top
up and money remittance services delivered seamlessly to workers throughout the
Middle East and North Africa region. Mint operates through 4 subsidiaries, Mint
Middle East, a payroll card services provider, Mint Money, a financial products
company, Mint Global Processing, a fully integrated third party processing
platform and soon to launch, Mint Merchant Services, a POS and ATM network
solutions business. Mint has 65 employees in 7 offices in UAE (2), Qatar,
Jordan, Egypt, USA and Canada where Mint is listed on the Toronto Stock Exchange
(TSX VENTURE:MIT).  


For additional information please visit www.mintinc.com.