The Mint Leasing, Inc. Announces Plans for Expansion

HOUSTON, Feb. 20, 2009 -- The Mint Leasing, Inc., (OTC Bulletin Board: MLES), a provider of innovative vehicle leasing solutions, today announced that the Company's landlord has secured additional adjacent property. With this additional land, the Company and the landlord, Jerry Parish, expect to expand the Company's headquarters to allow growth in operations.

"We are very pleased to have secured the property next to us," commented Jerry Parish, President and Chief Executive Officer of The Mint Leasing. "This will allow Mint to expand its current operations and provide us room to add twenty-four employees in the near future, primarily in the account verifications and collections departments. Given that we are located so near downtown Houston, when an opportunity such as this presents itself we really must jump on it. We've been at this location for ten years now and the chance to expand organically rather than relocating represents a huge advantage for us."

About The Mint Leasing, Inc.

The Mint Leasing, Inc. is an alternative to traditional financing companies whereby the Company leases high quality automobiles to the average purchaser through premier retailers. Most of its customers are located in Texas and six other states in the southeastern U.S. The Mint Leasing's customers are primarily comprised of brand-name automobile dealers that seek to provide leasing options to their customers, many of whom would otherwise not have the opportunity to acquire a new or late-model-year vehicle. The Mint Leasing, Inc. is responsible for underwriting criteria and procedures, administration of the leases, and collection of payments from lessees.

The Company is headquartered in Houston, Texas, and its common stock trades on the OTC Bulletin Board under the symbol "MLES".

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties, and other risks disclosed in the Company's periodic filings with the U.S. Securities and Exchange Commission.