MIT The Mint Corporation

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

The Mint Corporation (TSX VENTURE:MIT) ("Mint" or the "Company") announces the
following:


Board and Management Changes 

Mint is announcing that Pierre G. Gagnon, has resigned as President and CEO of
the Company and Vishy Karamadam is appointed as the President and CEO effective
July 28, 2014. Mr. Gagnon will assume the role of Chairman of the Board for
Mint. Under Mr. Gagnon's guidance as President and CEO, the Company has
undergone a major restructuring of all its operations including the closing of
Mint's Series A and B debenture issuances in March and May of this year which
provided Mint the ability to restructure its balance sheet and provide new
funding to continue operations going forward. The Board of Mint wishes to thank
Mr. Gagnon for his efforts. 


Mr. Karamadam is currently a director of Mint and an Executive Vice President
with Gravitas Financial Inc. ("Gravitas"). Mr. Karamadam is a management
professional with over 20 years of corporate and entrepreneurial experience.
Most recently his area of focus has been in restructuring, strategy, capital
markets and entrepreneurship. Prior to joining Gravitas, he was the co-founder
of Ubika Research an investment research and capital markets services firm and
Smallcappower.com, a leading online financial portal that connects small cap
publicly listed companies to investors. Mr. Karamadam holds a Bachelor in
Technology Degree in Electronics & Communication Engineering, Masters in
Management Studies in Finance from the University of Mumbai, India and an MBA
from McGill University in Montreal. 


Mint is also pleased to announce that Samuel Webster and Ashish Kapoor have
joined the Board effective July 31, 2014. 


Mr. Webster is the CEO and President of Portfolio Aid Inc. ("PortfolioAid"),
Canada's market leader in compliance automation software solutions for
investment dealers and the securities regulators that govern them. Prior to
joining PortfolioAid in 2009, Mr. Webster held senior and executive level
positions in New York and Toronto at DataMirror Corporation, a highly successful
data integration software company that was purchased by IBM in 2007, and Hero
Ventures, a technology-focused venture capital fund. Mr. Webster also co-founded
reBOOT Canada, a non-profit organization providing computer equipment and IT
services to other non-profit and charitable organizations. 


Graduating from Princeton University in 1992, Mr. Webster has amassed over 20
years of technology and finance experience throughout his career. 


Mr. Kapoor is the Managing Partner of SimKap Advisory Corp ("SimKap"), a
corporate services firm through which he provides CFO services to DealNet
Capital Corp., a merchant banking company focused on Business Process
Outsourcing (BPO) and Consumer Financing; Gilla Inc., a designer, marketer and
distributor of electronic cigarettes and accessories; and Transeastern Power
Trust, owner and operator of hydroelectric power assets. Prior to SimKap, Mr.
Kapoor gained over 10 years of experience in investment banking, advising
clients across various industries. As a Senior Vice President at Macquarie
Capital Markets Canada Ltd., Mr. Kapoor was responsible for the Canadian
telecom, media, entertainment and technology investment banking group and
completed in excess of $3B in successful principal investments and advised on a
further $4B of mergers and acquisitions for third party clients. Prior to
Macquarie, Mr. Kapoor obtained his Chartered Accountant designation as part of
Ernst & Young's Toronto practice and was awarded the Gold Medal for first place
in Ontario, and the Bronze Medal for third place in Canada on the 2000 Chartered
Accountancy Uniform Final Examination. Mr. Kapoor is also a CFA Charter holder
and holds a Masters of Accounting and a Bachelor of Arts degree from University
of Waterloo. 


Mr. Gagnon, Chairman of the Board is pleased to welcome both Sam and Ashish to
the Board and believe that their skills and background will provide significant
value to Mint, both in terms of enhancing corporate governance as well as
providing strategic leadership for Mint going forward.


Exercise of Convertible Debentures 

On July 31, 2014, Mint received notice from Gravitas of its intention to convert
$295,412 of the total $2,621,920 in convertible debentures held by Gravitas into
common shares of Mint at $0.05 per share. As a result of this conversion notice,
Mint issued 5,908,240 common shares to Gravitas on July 31, 2014. Subsequent to
this issuance, Gravitas owned approximately 18% of the approximately 32.8
million issued and outstanding common shares of Mint. 


GENERAL DISCLOSURE STATEMENT 

Investors are encouraged to read the 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 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 3 subsidiaries, Mint Middle East LLC, a payroll card services provider;
Mint Capital LLC, a financial products distribution company and Mint Electronic
Payment Services LLC, 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 FURTHER INFORMATION PLEASE CONTACT: 
The Mint Corporation
Vishy Karamadam
President & CEO
647-352-0666
vishy@gravitasfinancial.com
www.themintcorp.com

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