January 19, 2009

The common shares of Micromem Technologies Inc. have been approved for listing on CNSX. Micromem has approximately 83.5 million shares outstanding with a public float of 81.3 million shares.

Micromem is engaged in the development of memory technology having the characteristic of non-volatility, which is the ability to retain information after power has been shut off. Its technology is based on its ability to use magnetic materials in combination with a sensor to record the "state of magnetization".

Listing and disclosure documents for Micromem Technologies Inc. will be available in the CNSX Listings Disclosure Hall

Trading Date: Wednesday, January 21, 2009
Symbol: MRM
CUSIP:59509P 10 6
ISIN: CA 59509P 10 6 2

Applications are being accepted for Market Makers for "MRM". If you have any questions or require further information please contact Radhika at (416) 572-2000 X 2435 or E-mail: [email protected]