Mint Announces Subscription Receipt Closing

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") is pleased to
announce that on May 15, 2014, it completed a private placement of 15,000
subscription receipts (the "Subscription Receipts") for $1,000 each (the "Third
Closing"). The Third Closing is the third and final tranche of the Company's
private placement (the "Private Placement") announced on November 11, 2013 and
described also in the Company's press release of January 3, 2014. In total, the
Company has issued 39,827 Subscription Receipts pursuant to the Private
Placement. The Subscription Receipts will automatically convert into Series A
Debentures (the "Conversion") upon the satisfaction of certain conditions
described in the prior press release.


Portfolio Strategies Securities Inc. (the "Agent") acted as agent in the Private
Placement. The Agent is entitled to receive a cash commission of $750,000 upon
Conversion. The Company also issued broker warrants exercisable for up to
1,500,000 common shares of Mint at a price of $0.15 per share during the 4 years
following the Conversion. The broker warrants and any common shares issued under
them are subject to a hold period expiring on September 16, 2014.


The Corporation has eight series of debentures outstanding. Its Series I
Debentures, Series II Debentures, Series III Debentures (denominated in Canadian
dollars), Series III Debentures (denominated in US dollars) and the Series VI
Debentures are listed on the Canadian Securities Exchange. Series III, IV and V
have matured and remain unpaid, while interest is overdue on Series I, II, III,
IV, V, VI and VII causing them to be in default. The Company expects to be able
to clear the defaults on all series subsequent to the release of funds from
escrow described above. The following is a summary of the principal and interest
outstanding for each series of the Company's debentures as of May 15, 2014: 




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Series                     Principal Outstanding           Interest Owing  
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Series I (USD)             569,750                         56,223          
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Series II (USD)            1,355,400                       106,193         
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Series III (USD)           3,370,000                       333,647         
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Series III (CAD)           1,227,000                       121,479         
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Series IV (CAD)            710,000                         90,116          
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Series V (CAD)             2,534,000                       317,110         
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Series VI (USD)            300,000                         25,840          
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Series VI (CAD)            4,496,500                       387,323         
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Series VII (CAD)           2,226,800                       238,656         
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Series B (CAD)             5,501,000                       20,798          
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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 FURTHER INFORMATION PLEASE CONTACT: 
The Mint Corporation
Pierre G. Gagnon
Chief Executive Officer
(905) 467-4709
www.mintinc.com
The Mint (TSXV:MIT)
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