Micromem Applied Sensor Technologies Inc. Featured On The Economic Report With Greg Gumbel

                   National Broadcast Airings To Commence

               (xx)Segment Available on Micromem's Website(xx)

    TORONTO and NEW YORK, Feb. 12 /CNW/ - Micromem Technologies (OTCBB:
MMTIF; CNSX: MRM), a Canadian-based company at the forefront of
Magnetoresistive Random Access Memory (MRAM), and its wholly owned U.S.
subsidiary Micromem Applied Sensor Technologies Inc. (MASTInc), have been
featured on The Economic Report With Greg Gumbel.
    The segment, which features interviews with Micromem Technologies CEO and
President Joseph Fuda along with MASTInc President Steven Van Fleet, details
how very fast, low power magnetic memory sensing devices can be applied across
any number of sectors including:
    aerospace and defense, mining, consumer applications, healthcare/medical
devices, and homeland security. To see the segment, please visit Micromem's
website at http://micromeminc.com.
    Micromem will provide an update with markets, dates, and times of airings
as soon as those are made available.

    About The Economic Report
    The Economic Report airs during the day on a variety of well-known news
networks throughout the country. In a multi-dimensional format, Mr. Gumbel
begins by introducing each new story and each show's theme, providing a sense
of consistency throughout the segments. The stories educate viewers and
provide new information that will impact their lives. With fresh content
interlaced throughout each series, the show broadens perspectives, erases
boundaries and opens up new avenues for progress and ideas for the audience.
Viewers will gain insight on opportunities for their families, businesses,
lifestyles, and financial futures. In this way, The Economic Report can be a
powerful engine of change. For more information visit

    About Micromem and MASTInc
    MASTInc is a wholly owned U.S.-based subsidiary of Micromem Technologies
Inc., a publicly traded (OTC: MMTIF) fables semiconductor company with
headquarters in Toronto, Canada and an office in New York City. Micromem holds
and continues to develop a broad-based patent portfolio of Magnetoresistive
Random Access Memory (MRAM) and magnetic sensor technologies. Micromem's MRAM
patents create a solution for performance driven, radiation hard, non-volatile
memory applications. MASTInc is focused on business development efforts and is
working on the launch of sensory products for use in both defense and consumer
applications. Its first product, GC-0301, is far superior to the competition
with over 200 V/T, making it one of the most sensitive hall sensors on the
market without the need for external amplification. MASTInc is working with
companies that have large-scale capabilities and expects to sign contracts in
the coming quarters.

    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, inability to respond to consumer and
technological demands, inability to replace significant customers; seasonal
nature of our business and other risks detailed in our filings with the
Securities and Exchange Commission. Forward-looking statements speak only as
of the date made and are not guarantees of future performance. We undertake no
obligation to publicly update or revise any forward-looking statements. When
used in this document, the words "believe," "expect," "anticipate,"
"estimate," "project," "plan," "should," "intend," "may," "will," "would,"
"potential," and similar expressions may be used to identify forward-looking

    The CNSX or any other securities regulatory authority has not reviewed
    and does not accept responsibility for the adequacy or accuracy of this
    press release that has been prepared by management.

    Listing: NASD OTC-Bulletin Board - Symbol: MMTIF
           :CNSX - Symbol: MRM

    Shares issued: 83,555,521
    SEC File No: 0-26005

    %SEDAR: 00004447E

For further information:

For further information: The Investor Relations Group, Inc., Adam
Holdsworth, James Carbonara, (212) 825-3210; or Public Relations, Susan
Morgenbesser, Andrew Conn, (212) 825-3210

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