Micromem Opens Subsidiary to Penetrate Profitable U.S. Market
and Government Contracts
TORONTO, ONTARIO, April 17, 2008 –Micromem Technologies Inc. [OTC BB: MMTIF] is pleased to announce the company
has opened an office in New York City. This will enable Micromem to effectively penetrate the large and highly lucrative U.S.
market and have access to certain U.S. government contracts that otherwise would not be available to the company. This move
is part of the company’s sales and marketing initiative and eventual movement to the U.S. Micromem’s subsidiary will operate
under the name Micromem Advanced Sensor Technologies Inc.
For further information and companies interested in better understanding the Micromem technology and participating in future
field trials are encouraged to contact Jason Baun, Chief Information Officer 1-877-388-8930
Listing: NASD OTC-Bulletin Board - Symbol: "MMTIF"
Shares issued: 77, 770,575
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
(MRAM) technology and sensors.
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 Securitie