FOR IMMEDIATE RELEASE
Micromem Technologies Inc. Comments on Recent Market
TORONTO, NEW YORK, N.Y.—July 9, 2010 — Micromem Technologies Inc., (Micromem, the
“Company”) (OTC BB: MMTIF, CNSX: MRM) announces it is unaware of any material reason for the recent
volatility in the company’s trading and management continues to pursue all of its previously announced initiatives.
The Company will provide further updates on these developments as they occur.
About Micromem and MASTInc
MASTInc is a wholly owned U.S.-based subsidiary of Micromem Technologies Inc., a publicly traded (OTC
BB: MMTIF, CNSX: MRM) company. MASTInc responsibly analyzes the specific industry sectors to create
intelligent game-changing applications that address unmet market needs. By leveraging its expertise and
experience with sophisticated magnetic sensor applications, MASTInc successfully powers the development and
implementation of innovative solutions for healthcare/biomedical, natural resource exploration, government,
information technology, manufacturing, and other industries. Visit www.micromeminc.com www.mastinc.com .
Safe Harbor Statement
This press release contains forward-looking statements. Such forward-looking statements are subject to a
number of risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially
from those projected in such forward-looking statements. In particular, factors that could cause actual results to
differ materially from those in forward looking statements include: our inability to obtain additional financing on
acceptable terms; risk that our products and services will not gain widespread market acceptance; continued
consumer adoption of digital technology; inability to compete with others who provide comparable products; the
failure of our technology; the infringement of our technology with proprietary rights of third parties; inability to
respond to consumer and technological demands; inability to replace significa