Toronto, Ontario - October 9, 2012 - Mint Technology Corp. (TSX Venture: MIT) ("Mint" or the "Company") announces it is not aware of any material undisclosed developments or information that would give rise to the market trading activity of the Company's shares on Friday, October 5th, 2012. Based on the number of shares traded, the Company is assuming that one of its larger institutional shareholders is selling its position due to a change in investment strategy.

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 delivered to workers in the United Arab Emirates and expanding to other parts of the Middle East. Mint operates through 4 subsidiaries, Mint Middle East LLC, a payroll card services provider; Mint Capital LLC, a financial products distribution company; Mint Global Processing Inc., a fully integrated third party processing platform; and ePAY, a mobile airtime POS and Merchant network solutions business. Mint has 108 employees in 8 offices in UAE (3), Qatar, Jordan, Egypt, USA and Canada where Mint is listed on the TSX Venture Exchange: MIT.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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

For additional information please visit www.mintinc.com or contact: Mint Technology Corp.

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|Nabil Bader |Nicole Souadda |

|President & CEO |Head of Compliance and Investor Relations|

|Tel: +971 506457719 |Tel: 610-995-2655 |

|nbader@mintinc.com  |nsouadda@mintinc.com |

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