FOR IMMEDIATE RELEASE
MICROMEM ANNUAL FILINGS
TORONTO, CANADA, March 3, 2008 -- Micromem Technologies Inc., ("Micromem") (OTC-BB:MMTIF) a Toronto-based
developer of magnetic random access memory (MRAM), has filed its audited financial statements for the year ended October
31, 2007, together with the Management’s Discussion & Analysis, and the Company’s Annual Report on Form 20-F prepared in
accordance with the United States Securities Exchange Act of 1934, on SEDAR and EDGAR today. These documents may be
viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/ .
For further information contact Jason Baun, Chief Information Officer 1-877-388-8930
Listing: NASD OTC-Bulletin Board - Symbol: "MMTIF"
Shares issued: 75,263,277
SEC File No: 0-26005
About Micromem Technologies Inc.
Micromem Technologies, Inc. ( www.micromeminc.com ) is focused on the development of magnetic random access memory
Statements in this news release that are not historical facts, including statements about plans and expectations regarding
products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results
are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause Micromem’s actual results in
future periods to differ materially from those expressed or suggested herein. These uncertainties and risks include, without
limitation, the inherent uncertainty of research, product development and commercialization, the impact of competitive products
and patents, our ability to fund our current and future business strategies and respond to the effect of economic and business
conditions generally as well as other risks and uncertainties detailed from time to time in Micromem’s filings with the Securities
& Exchange Commission. There can be no guarantee that Micromem will be able to enter into any commercial arrangements on
terms that are favorable to it, or at all. For more information, please ref