Mr. Nabil Bader reports

UPDATE CONCERNING MINT'S ANNUAL FINANCIAL STATEMENTS

Mint Technology Corp. expects to complete the filing of its annual financial statements, management's discussion and analysis (MD&A), and related chief executive officer and chief financial officer certificates for its fiscal year ended Dec. 31, 2012, on or about May 24, 2013. The audit process in the United Arab Emirates and Canada is drawing to a close and the draft financial statements and MD&A will be reviewed by the company's newly formed audit committee early in the week of May 20.

Mint's principal regulator, the Ontario Securities Commission, has issued a temporary management cease trade order that prohibits Nabil Bader (CEO) and Terry Walter (CFO) from trading in securities of Mint for a period of 15 days. If the year-end filings are not filed within that period, an order will be issued which extends the management cease trade order.

Except as set out above, there are no changes to be disclosed under the alternative reporting guidelines set out in National Policy 12-203.

We seek Safe Harbor.