2005 News Releases

"FOR IMMEDIATE RELEASE"

MOSAID Announces Board Changes

OTTAWA, Ontario - September 16, 2005 - MOSAID Technologies Incorporated (TSX: MSD) today announced that Ms. Deborah L. Weinstein, co-founder and partner of LaBarge Weinstein, a business law firm, has resigned from MOSAID's Board of Directors effective September 16, 2005. Concurrently, the Board has appointed Mr. Theodore E. Galanthay as the new Director.

"In light of our interests in continuing to benefit from the counsel of LaBarge Weinstein and maintaining best corporate governance practice, we all believed it was in everyone's interest for Debbie to step down at this time," said Tom Csathy, Chairman of MOSAID. "On behalf of the Board I would like to thank Debbie for her great contribution to MOSAID over the last 10 years. During her tenure with us, Debbie's energy, enthusiasm and wise counsel has played a huge part in the development and growth of our Company. We wish her every success in the future."

"I am delighted to welcome Ted Galanthay as the new member of our Board," said Csathy. "With over 35 years of experience in managing semiconductor intellectual property matters for premier global companies, Ted's expertise will be very beneficial as we continue through our next phase of growth."

Mr. Galanthay is a consultant in patent and licensing matters. He is a former Group Vice President of STMicroelectronics, Europe's largest semiconductor company, where he personally led the negotiation of patent licenses in Japan, Europe, and the US, with many peer companies and patent licensing companies. Previously, he was an intellectual property counsel at IBM for 25 years where, in his last assignment, he served as an executive manager at the Personal Computer Group.

Ted holds a Juris Doctor degree from George Washington University and a Bachelor of Electrical Engineering degree from Clarkson University. He is a member of the New York State Bar, the Arizona State Bar and the US Patent Office Bar and the former co-chair of the semiconductor committee of the Licensing Executives Society.

About MOSAID
MOSAID Technologies Incorporated makes memory better through the development and licensing of intellectual property and the supply of memory test and analysis systems to semiconductor manufacturers, foundries and fabless semiconductor companies around the world.

Founded in 1975, MOSAID is based in Ottawa, Ontario, Canada, with offices in Santa Clara, California; Newcastle upon Tyne, U.K; and Tokyo, Japan. For more information, visit the Company's web site at www.mosaid.com.

Forward Looking Information
This document may contain forward-looking statements relating to the Company’s operations or to the environment in which the Company operates. Such statements are based on current expectations that are subject to a variety of risks and uncertainties that are difficult to predict and/or beyond MOSAID’s control. Actual results may differ materially from those expressed in any forward-looking statements, due to factors such as customer demand and timing of purchasing decisions, product and business mix, competitive products, pricing pressures as well as general economic and industry conditions. MOSAID assumes no obligation to update these forward-looking statements, or to update the reasons why actual results could differ from those reflected in any forward-looking statements. Additional information identifying risks and uncertainties is contained in other public filings with the Ontario Securities Commission.

For more information, please contact:

Investor Inquiries Heidi Vincent Director, Investor Relations & Communications 613-599-9539 x1205 vincent@mosaid.com

Media Inquiries Sara Haskill Communications Specialist 613-599-9539 x1228 haskill@mosaid.com