2006 News Releases

"FOR IMMEDIATE RELEASE"

MOSAID Announces Resignation of its General Counsel

OTTAWA, Ontario, Canada – May 16, 2006 - MOSAID Technologies Incorporated (TSX:MSD) today announced that James Skippen, Senior Vice President, Patent Licensing and General Counsel, will be resigning from his position with MOSAID effective June 19, 2006. Mr. Skippen will be leaving to take on the role of President and Chief Executive Officer of Wi-LAN Inc.

"Jim has made major contributions to MOSAID's success, particularly in the negotiation of patent licenses and in the assertion of our intellectual property rights in the courts," said George Cwynar, President and Chief Executive Officer. "We wish him well at Wi-LAN."

Effective June 19, 2006, Mr. Ted Galanthay, a member of MOSAID's Board of Directors, will assume the role of acting General Counsel and Senior VP of Patent Licensing, supported by MOSAID's intellectual property team, until a replacement is appointed for Mr. Skippen. Mr. Galanthay has over 35 years of experience in managing intellectual property matters for premier global companies such as IBM, STMicroelectronics and Harris Corporation, and has served as a Director of MOSAID since September 2005.

About MOSAID
MOSAID Technologies Incorporated makes semiconductors better through the development and licensing of intellectual property and the supply of memory test and analysis systems. MOSAID counts many of the world's largest semiconductor companies among its customers. Founded in 1975, MOSAID is based in Ottawa, Ontario, with offices in Sunnyvale and Santa Clara, California; Newcastle upon Tyne, U.K; and Tokyo, Japan. For more information, visit 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 Richard Boadway Executive Vice President & CFO 613-599-9539 x1202 boadway@mosaid.com

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