MPM Defines Mining Plan.

PARSIPPANY, N.J. -- MPM Mining Inc. a wholly owned subsidiary of MPM Technologies, Inc. (Nasdaq:MPML) has outlined its mining plan for 2005 that will include aggressively seeking potential joint venture partners and investigating the economics of an on-site operation.

During 2004, the company employed a team of geologists to improve the status of the company's mining interests. Three key areas were targeted and acted upon.

1. Gain control of the Hidden Hand and Redeemer deposits. These deposits comprise about two thirds of the district's known gold potential.

2. Investigate methods for beneficiating low-grade gold ore.

3. Complete a report outlining the promising results in the mine dumps and trench exploration.

The report suggested further drilling to totally define the mineable reserves in three main claims. Past exploration programs initiated by Freeport McMoran and later Hecla Mining indicate approximately 100,000 ounces of gold with an open pit potential of roughly 160,000 ounces and approximately 1.6 million ounces of silver. It was determined that further exploration would vastly increase reserves.

Management has opened discussions with the owners of two separate milling facilities to investigate the economics of processing the company's concentrates. In addition, management has opened dialogue with possible joint venture partner interested in an on-site operation.

MPM CEO and Chairman Michael J. Luciano stated that, "We decided to hold the mining property as an investment, which considering the increase in precious metal prices, has proven to be a prudent decision. We are now looking for an aggressive joint venture partner to further prove up reserves and work with us to bring the property into operation".

Gold forecasters believe that in keeping with the average over the last three years gold could register another year with a double-digit gain. Another scenario could include the weakening of the dollar causing an evacuation of the dollar market by key currency holder's thereby sending gold prices soaring.

MPM Technologies, Inc., is a holding company with three subsidiaries: MPM Mining Inc. an exploration and development company with patented gold and silver mining properties in Montana, AirPol, Inc. which builds, installs and services industrial air pollution control systems and Nupower, Inc. which is engaged in the development and marketing of Skygas, a patented waste-to-fuel technology.

Statement Under the Private Securities Litigation Reform Act.

With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company.