MIT The Mint Corporation

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The Mint Corporation (TSX VENTURE:MIT) ("Mint" or the "Company") announced today
that, at the special meeting of shareholders held on May 1, 2014, shareholders
approved a loan agreement (the "Convertible Loan") between Mint and Gravitas
Financial Inc. ("Gravitas") and the right granted to Gravitas to convert the
Convertible Loan into common shares to become a new Control Person (as that term
is defined in the policies of the TSX Venture Exchange) of Mint. Mint has no
knowledge of whether Gravitas will exercise its conversion right.


Gravitas has loaned $2,621,920 to Mint under the Convertible Loan. The
Convertible Loan is convertible (a) during the period ending November 25, 2014,
at a price of $0.05 per share with respect to $1,500,000 and at a price of
$0.055 per share with respect to $1,121,920, and (b) thereafter until November
25, 2015, at a price of $0.10 per share. Interest is payable on the Convertible
Loan at 12% per annum and Gravitas may elect to convert any outstanding interest
into common shares, subject to stock exchange approval and at the lowest price
permitted under applicable stock exchange rules. Gravitas has agreed that until
the earlier of May 22, 2015, and the occurrence of an event of default under the
Convertible Loan (the "Standstill Period"), it will not acquire common shares
such that Gravitas and its associates and affiliates own more than 50.1% of the
issued and outstanding common shares. Taking into account the Standstill Period
and the change in exercise price on November 25, 2014, and assuming there is no
conversion of interest into common shares, Gravitas could exercise the
conversion right under the Convertible Loan to receive up to 39,738,062 common
shares (representing 60% of the common shares after conversion). The hold period
associated with $1,500,000 of the Convertible Loan has expired. The hold period
associated with $1,121,920 of the Convertible Loan will expire on July 29, 2014.


At the shareholders meeting, shareholders also approved (a) the change of Mint's
registered office from the City of Toronto to the Town of Oakville and (b) the
change of the Company's name to a name to be determined by the board of
directors. The board of directors has not decided on a new name or on the date
of any name change.


Mint also announces that Nicole Souadda has resigned as Corporate Secretary of
the Company.


GENERAL DISCLOSURE STATEMENT

Investors are encouraged to read the most recent Management Discussion and
Analysis Documents filed on SEDAR for a description of additional risks
associated with investing in the Company. The following statement is only
intended to inform investors on certain of the many risks associated with
investing in the Company. The Company operates predominantly in the Middle East
and North Africa ("MENA"). It is accordingly exposed to significant political,
legal and regulatory risks associated with operating in these emerging and
volatile markets. The key management personnel and operations of the Company are
based in countries which do not have strong and reliable judicial enforcement.
This results directly in additional risk with respect to the enforcement of
legal and contractual rights, including, for example but without limitation, the
enforcement of the rights of creditors, the protection of intellectual property
rights, the enforcement of joint venture arrangements, and binding key employees
with non-compete agreements. Since inception, the Company has not reached
profitability. The Company relies heavily on high-cost, debt financing to fund
its business plan. This has exposed the Company to unique financial risks
associated with significantly higher than normal debt levels. Investors in the
company are strongly encouraged to be aware of the significant risks of the
company, to conduct additional due diligence and to seek the help of a licensed
investment advisor before considering to invest in securities of the Company.
Moreover, investors must be aware that the purchase of the Company's securities
involves a number of additional significant risks and uncertainties, as
disclosed in the Management Discussion and Analysis reports filed on SEDAR by
the Company. Investors considering purchasing securities of the Company should
be able to bear the economic risk of total loss of such investment.


ABOUT THE MINT CORPORATION

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.


For additional information please visit www.mintinc.com. 

FOR FURTHER INFORMATION PLEASE CONTACT: 
The Mint Corporation
Pierre G. Gagnon
Chief Executive Officer
(905) 467-4709
www.mintinc.com

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