Micromem Hires The Investor Relations Group To Broaden Company Awareness

     Magnetic Random Access Memory (MRAM) and Sensor Technology Company
              To Initiate Strategic Investor and Media Outreach

    TORONTO, Sept. 9 /CNW/ - Micromem Technologies Inc. (OTC BB: MMTIF) has
retained The Investor Relations Group, Inc. ("IRG"), a thirteen-year-old,
highly recognized corporate communications firm based in New York City, to
serve as its national public relations and investor relations firm.
    IRG's award-winning public relations department will reach out to the
media-at-large, namely editors, writers, and producers of local and national
trade and consumer print, radio, broadcast, and online media outlets, with the
primary focus of educating the public about Micromem's unique technology.
Simultaneously, IRG's investor relations team will use its proprietary
competitive analysis, strategies, and extensive databases to target the broad
scope of the investment community, including portfolio managers and analysts.
The program will include pre-qualified one-on-one introductions, e-mails to
those that have opted-in for communication, and general traditional outreach.
    "We felt it was important to hire a firm that could accurately
communicate Micromem's message to the investment community, the media, and the
public-at-large," said Joseph Fuda, Chief Executive Officer of Micromem. "As
our company continues to pioneer the forefront of the magnetic random access
memory (MRAM) technology, IRG will play an integral role in communicating
Micromem's message. With our partnerships and commercialization efforts
continuing to move forward, we are excited to communicate Micromem's story to
investors and the media alike."

    Listing: NASD OTC-Bulletin Board - Symbol: "MMTIF"
    Shares issued: 82,323,779
    SEC File No: 0-26005

    About The Investor Relations Group, Inc.

    The Investor Relations Group, Inc. (IRG) offers a full-service corporate
communications program designed to suit the many unique needs of Alternative
Public Offering (APO) companies. The program utilizes a proprietary, targeted
approach to reach institutional investors, analysts, and the media-at-large.
For further information, please visit the company's website at

    About Micromem Technologies Inc.
    Micromem Technologies Inc. (www.micromeminc.com) is focused on the
development of magnetic random access memory (MRAM) and sensor technology.

    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

For further information:

For further information: The Investor Relations Group, Inc., (212)
825-3210, Adam Holdsworth - Erica Ruderman - Brett Foley or Public Relations,
Susan Morgenbesser - Andrew Conn

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