OTTAWA, June 29 /CNW Telbec/ - MOSAID Technologies Inc. (TSX:MSD), today announced that Donnie Moore has stepped down from the Board of Directors. Mr. Moore was elected as a Director of the Company in November 2003. He served as Chair of the Audit Committee from February 2005 until now and was a member of the Special Committee of the Board since it was constituted in August 2006. Mr. Moore was previously a member of the Corporate Governance and Nominating Committee, as well as the Human Resources Committee.

"Donnie is a seasoned financial executive who served with distinction for nearly five years on our Board," said Carl Schlachte, Chairman of the Board, MOSAID. "In an era where financial and corporate governance regulations are becoming increasingly stringent, Donnie's advice and counsel helped strengthen MOSAID's long-standing reputation for financial integrity. We sincerely thank him for his many contributions."

As part of a planned reorganization of the Board as MOSAID moves forward as an intellectual property company, Norm Paquette, who was appointed to the MOSAID Board of Directors on June 7, 2007, is taking on the role of Chair of the Audit Committee, effective immediately. Mr. Paquette is a well known and respected executive with over 20 years experience in financial management. A founding member of Tundra Semiconductor Corp., he joined the company at its inception in 1995 and served as Chief Financial Officer from 1999 until August 2006.

Mr. Moore's career spans more than 30 years of financial and administrative experience in the computer industry, including over 12 years at Cognos Incorporated as Senior Vice President, Finance and Administration, and Chief Financial Officer. Before joining Cognos, Mr. Moore was Corporate Director, Plans and Analysis, at the world headquarters of Burroughs Corporation in Detroit, Michigan. Prior to that, Mr. Moore held CFO positions with Burroughs in Canada and New Zealand. He holds a Bachelor of Science degree in engineering from the University of Oklahoma and an MBA in finance from the University of Houston.

About MOSAID MOSAID Technologies Inc. is one of the world's leading intellectual property companies. MOSAID develops semiconductor memory technology, and licenses patented intellectual property in the areas of semiconductors, and wired and wireless communications systems. MOSAID counts many of the world's largest semiconductor companies among its customers. Founded in 1975, MOSAID is based in Ottawa, Ontario, with an office in Santa Clara, California. For more information, visit www.mosaid.com.

For further information:

Investor Inquiries:
Michael Salter, Director, Investor Relations and Corporate Communications
(613) 599-9539 x1205, Email Contact

Media Inquiries:
Colleen McGuire, Communications Specialist
(613) 599-9539 x1228, Email Contact