Thinkpath Announces Turnaround with the Win of an Engineering Services Contract

    TORONTO--Dec. 23, 2002--Thinkpath Inc., (OTCBB:THTHF), a market leader in Engineering Knowledge Management solutions, announced today that it has been awarded a US$500,000 Engineering Services contract with a leading defense contractor. Thinkpath has honored the confidentiality of the client's name as the contract is related to security and defense services.
    With the closing of the financing arrangements announced December 11, 2002, Thinkpath can further focus its efforts and strategies towards the goal of increasing market share in key opportunistic sectors and overall profitability.
    "This contract with an existing Fortune 100 client helps reflect the future opportunities that face Thinkpath," said Declan French, Chairman & Chief Executive Officer of Thinkpath Inc. "Our proven ability to conquer challenges in difficult market conditions and continued focus on the advancement of our core business is an important element that potential clients review during the bidding process. Communicating Thinkpath's strengthening balance sheet and unyielding attention to our clients needs is a priority and a key to winning new business with leading companies in the defense, manufacturing, and other leading industries."

    About Thinkpath Inc.

    Thinkpath (OTCBB:THTHF) is a global provider of technological solutions and services in engineering knowledge management including design, drafting, technical publishing, e-learning, technical training and staffing. Thinkpath enables corporations to reinvent themselves structurally; drive strategies of innovation, speed to market, globalization and focus in new and bold ways. We are experts in the aerospace, automotive, manufacturing and health care industries.
    Headquartered in Toronto, Canada, Thinkpath has 330 employees in 6 offices across North America. Further information about the company, its services and products can be found at www.thinkpath.com.

    Forward-looking Statements

    This press release contains certain forward-looking statements regarding Thinkpath Inc., its business prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause Thinkpath's actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by Thinkpath in this news release and other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect Thinkpath's business.