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MISSISSAUGA, ONTARIO--(Marketwire - May 28, 2010) - MTI Global Inc. ("MTI" or the "Company") (TSX:MTI) announced today that 3M Canada Holdings Ltd. (a permitted assignee of 3M Canada Company under the note and share purchase agreement) ("3M Canada") and MTI Global have mutually agreed to denominate the closing price for the previously announced sale of MTI PolyFab Inc. and other aerospace-related assets of the Company to 3M Canada in Canadian dollars based on an exchange rate of $1.0626. Consequently, the purchase price has been fixed at Cdn$25,502,400, subject to certain pre- and post-closing adjustments, rather than US$24,000,000 as previously announced.

3M Canada and MTI anticipate closing the transaction on or before June 7, 2010. However, there can be no assurance that all conditions of closing will be satisfied or waived on or before that date and therefore it is possible that the closing may be delayed.

As soon as reasonably practicable following completion of the sale transaction, the Company intends to complete a special distribution by way of a payment to shareholders, currently expected to be between $0.225 and $0.325 per common share, from funds available pursuant to a reduction in the stated capital of the Company. Further information regarding the special distribution will be made available once the details of the distribution have been finalized following closing of the sale transaction.

About MTI Global:

MTI Global Inc. (TSX:MTI) designs, develops and manufactures custom-engineered products using silicone and other cellular materials. The Company serves a variety of specialty markets focused on Aerospace and Fabricated Products. The Company designs and fabricates energy management systems from a variety of flexible, cellular materials. MTI's primary market is aerospace. Secondary markets include sporting goods, automotive, industrial, institutional, and electronics. MTI's head office and Canadian manufacturing operations are located in Mississauga, Ontario, with a contract manufacturer venture in Ensenada, Mexico. The Company's website is [ www.mtiglobalinc.com ].

The foregoing press release contains forward-looking statements regarding the anticipated closing date of, and the Company's proposed use of the net proceeds from, the sale of MTI PolyFab which are subject to important risks and uncertainties. Although MTI Global Inc. believes that the expectations reflected in any forward-looking statements are reasonable, the results or events predicted in these statements may differ materially from actual results or events. These forward-looking statements are based on the terms and conditions of the purchase agreement and the anticipated results of certain procedures and processes contemplated therein, as well as management's best estimate of the Company's remaining liabilities following closing of the transaction. Many factors could cause results or events to differ from current expectations, including those discussed in the Company's management information circular dated March 22, 2010. For additional information with respect to these and other factors, see the reports filed by MTI Global Inc. with the applicable securities regulatory authorities at [ www.sedar.com ]. MTI Global Inc. disclaims any intention or obligation to update or revise any forward-looking statements.