An anonymous director reports

MICROMEM RECEIVES ARTRA GAS SPECIFICATIONS

Micromem Technologies Inc. has received the detailed specifications for an ARTRA natural gas unit that is to be delivered to Romania. The Unit specifications will allow for the Company's first sale of a diagnostic ARTRA unit relating to natural gas wells. This Unit, which is now being costed, will be built in California by our engineering partner firm, Entanglement Technologies. The Unit will be utilized for testing purposes and to assess the viability for widespread adoption and use in operating gas wells; it is intended to be an integral component of an interconnected smart network for commercial gas wells. This opportunity to expand Micromem's market for the ARTRA unit to the natural gas well market is a logical extension of Micromem's initiatives in the energy sector; it provides the Company the opportunity, going forward, to advance the development of a comprehensive analytics capability for operating gas and oil wells.

The Company believes that the potential opportunity for this Unit in Romania is considerable; our estimate is that there are in excess of 10,000 operating gas wells in Romania. Micromem expects that it will receive a purchase order for this Unit over the next several weeks. This follows the purchase order for the oil well unit that Micromem previously announced on July 5th. Micromem is expecting follow up specifications for additional units to follow with additional purchase orders.

About Micromem.Micromem Technologies Inc. and its subsidiaries, a publicly traded (OTCQB: MMTIF) (CSE: MRM) company analyzes specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging its expertise and experience with sophisticated sensor applications, the Company successfully powers the development and implementation of innovative solutions for oil & gas, utilities, automotive, healthcare, government, information technology, manufacturing and other industries. Visit www.micromeminc.com.

We seek Safe Harbor.