Mint Announces Delayed Filing of Quarterly Disclosure Documents

Toronto, Ontario–(Newsfile Corp. – August 21, 2020) – The Mint Corporation (TSXV: MIT) (“Mint” or the “Company“) today announced in accordance with Ontario Instrument 51-505 Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 of the Ontario Securities Commission (the “Blanket Exemption Order“), which was adopted for the purpose of providing certain filing and other relief to issuers in light of the challenges posted by the COVID-19 pandemic, that it will be delaying the filing and delivery of certain of its continuous disclosure documents.

The Company is relying on the Blanket Exemption Order in delaying (i) the filing of its interim financial statements and related management discussion and analysis for the three month and six month periods ended June 30, 2020 (collectively the “Required Quarterly Filings“), and (ii) compliance with the delivery requirements of applicable securities laws relating to the Required Quarterly Filings. The officers and directors of the Company and certain other persons will remain subject to a trading black-out pursuant to which such persons are prohibited from trading in any securities of the Company until the end of the second full trading day following the day on which the Required Quarterly Filings are filed on SEDAR and a corresponding news release is issued by the Company.

There have been no material business developments since the date of the Company’s unaudited interim condensed consolidated financial statements for the three-months ended March 31, 2020 and 2019 that were filed on July 15, 2020.

The Company currently intends to make the Required Quarterly Filings by September 15, 2020.

Mint also announces that Brian Hendry, Chief Financial Officer, has resigned effective September 4, 2020. On behalf of our board of directors, I thank Brian for his valuable service, insights and contributions and helping Mint manage through a significant transition and wish him well in future endeavors,” stated Vishy Karamadam, Chairman & CEO of Mint.

About Mint

The Mint Corporation through its majority-owned subsidiaries (the “Mint Group”), is a globally certified payments company headquartered in Toronto, Canada with its primary business in Dubai, UAE. The Mint Group provides employers, employees and merchants with best-in-class financial services supported via payroll cards and the feature rich and linked Mint mobile application. Through its mobile enabled payments platform certified globally by Mastercard and UnionPay, Mint brings modern financial conveniences, at reasonable cost, to employers, merchants and consumers.

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

The Mint Corporation
Vishy Karamadam, Chief Executive Officer
647-352-0666
www.themintcorp.com