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Mint Announces Retirement of Executive Chairman

TORONTO, ONTARIO--(Marketwired - Aug. 2, 2013) -

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

Mint Technology Corp. (TSX VENTURE:MIT) ("Mint") today announced that Chris R Hogg has retired as Executive Chairman and a Director of Mint.

Mr. Hogg joined the board of directors in February 2008 and became the President of Mint at that time. He served as CEO of Mint from June 2009 until June 2010 when he became Executive Chairman. During his tenure, Mr. Hogg played a key role in repositioning Mint from a prepaid card company operating in Canada to a fully vertically integrated prepaid card and payroll services provider operating through offices in 5 countries in the MENA region.

Mr. Hogg's agreement to retire will pass over responsibility to the new Board to steward the company through the next stage of its growth. Mr. Hogg through Glocap Management Inc. remains a significant shareholder of Mint.

Mr. Nabil A Bader will serve as Interim Chairman of the Board. Mr. Bader is the company's President & CEO and has been a director of the Company since 2009.

Mr. Bader said today, "Chris's vision, passion and drive ensured that Mint grew into the platform and market position we have today. The management team and all our employees will miss his leadership and we wish him well in the future".

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 MEPS, a mobile airtime POS and Merchant network solutions business.

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.

Contact Information:

Mint Technology Corp.

Nabil Bader

President & CEO

+971 506457719

nbader@mintinc.com

Mint Technology Corp.

Nicole Souadda

Head of Compliance and Investor Relations

610-995-2655

nsouadda@mintinc.com

www.mintinc.com

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