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Mint Technology Corp. ("Mint") (TSX VENTURE:MIT)(PINKSHEETS:MITJF) announces in
Cairo, Egypt yesterday an Egyptian publication, Al Messa, announced that the
Minister of Agriculture and the Undersecretary of the Minister of Agriculture
are making good progress with regards to the implementation of the Mint
electronic "Hiazah" Card. The Minister emphasized the project will benefit all
farmers in the country by "preserving the quality of land and the identity of
the farmers as well as streamlining the distribution of fertilizer, other rural
products and loans from the Principal Bank for Development and Agricultural
Credit ("PBDAC")." 


Mr. Ali Jarallah, Managing Director of Mint Egypt, said today, "As reported in
the Egyptian press yesterday, Mint and the Ministry of Agriculture are well
progressed toward the launch of this exciting project. After our last working
session on April 19th, 2012, a further workshop between all parties involved has
been scheduled for May 25th - May 29th, 2012 where it is expected that final
contracts will be approved and executed." 


Mint will release further details of the progression of this project as they
become available.


FORWARD LOOKING STATEMENTS

Certain statements in this news release constitute "forward-looking" statements.
These statements relate to future events or our future performance. All such
statements involve substantial known and unknown risks, uncertainties and other
factors which may cause the actual results to vary from those expressed or
implied by such forward-looking statements. Forward-looking statements reflect
current expectations regarding future events and operating performance and speak
only as of the date of this news release. Forward-looking statements involve
significant risks and uncertainties, they should not be read as guarantees of
future performance or results, and they will not necessarily be accurate
indications of whether or not such results will be achieved. Actual results
could differ materially from those anticipated due to a number of factors and
risks. Although the forward-looking statements contained in this news release
are based upon what management of Mint believes are reasonable assumptions on
the date of this news release, Mint cannot assure investors that actual results
will be consistent with these forward-looking statements. The forward-looking
statements contained in this press release are made as of the date hereof and
Mint disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events
or otherwise, except as required under applicable securities regulations.


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.