Mr. Vishy Karamadam reports

MINT ENTERS INTO CONSULTING AGREEMENT

The Mint Corp. and Mint Capital LLC have entered into a consulting agreement with 2586842 Ontario Ltd. to assist in raising financing for subsidiaries of Mint located in the United Arab Emirates. The consultant will provide analysis, financial models, due diligence services and introductions to financial advisers who can assist in raising the financing.

Under the consulting agreement, the consultant will receive an engagement fee of $59,000, payable by issuance of 1.18 million common share purchase warrants, as well as other work fees. Each common share purchase warrant is exercisable for one common share of Mint at an exercise price of 13 cents over the three-year period ending Nov. 27, 2020. The warrants will vest in two instalments. Fifty per cent of the warrants will vest upon execution of a term sheet prepared under the consulting agreement and entered into between a member of the Mint Capital Group and a financier or financial adviser. The remaining 50 per cent of the warrants will vest upon closing of the financing.

The issuance of warrants and common shares under the consulting agreement is subject to TSX Venture Exchange approval. The consultant is not defined as a non-arm's-length party (that is, is arm's length to the Mint Capital Group) in relation to Mint for purposes of the stock exchange. The common share purchase warrants and common shares will be subject to the customary hold period expiring four months and a day after issuance.

Mint also announced the granting of options to purchase 250,000 common shares under the company's stock option plan, including options on 100,000 common shares issued to an officer of the company. The options will not be exercisable until shareholders approve the amended option plan described in the company's news release of June 1, 2017. The options are exercisable at a price of 13 cents per share and expire on Nov. 28, 2020. Fifty per cent of the options vest immediately and 50 per cent vest on Nov. 28, 2018. The stock options, and any common shares issued upon exercise of those stock options, are subject to a four-month resale restriction expiring on March 29, 2018.

About The Mint Corp.

Mint, through its 51-per-cent-owned subsidiaries, is a globally certified payments company focused on offering financial services to the unbanked salaried worker in the United Arab Emirates (UAE). The Mint Group provides employers with payroll cards for their unbanked employees. These employees earn regular salaries and have long-term work permits. The Mint card effectively becomes a cardholder's bank account.