Micromem Provides Update of AROMA Technology Project

Toronto, Ontario & New York, New York--(Newsfile Corp. - July 8, 2015) - Micromem Technologies Inc. (CSE: MRM) (OTCQX: MMTIF) ("Micromem") ("the Company"), through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), is pleased to announce it has received notice that two pending patents related to the AROMA technology project will be released by July 21, 2015.

The patents are titled:

Both patents are owned by Entanglement Technologies and licensed solely to MAST as they relate to Interwell Tracer detection field of use. Micromem's client has been advised of the receipt of the Notices of Allowance of these 2 patents.

As previously announced June 3, 2015, the Interwell Particle Tracer has been designed to install directly onto the well head and provide updates to the status of the well. The client has already requested 2000 units over 4 years to be installed at an approximate sale price of USD $100,000 per unit. This technology will provide real time wireless information to the client allowing for more efficient well management. A video demonstrating the technology can be found on our website (www.micromeminc.com and www.mastinc.com).

About Micromem and MASTInc

MASTInc is a wholly owned U.S.-based subsidiary of Micromem Technologies Inc., a publicly traded (OTCQX: MMTIF) (CSE: MRM) company. MASTInc 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.

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