Los Alamos, NM January 10, 2002 - Manhattan Scientifics, Inc. (MHTX) announced today that it has been issued a new patent covering the use and manufacturing of its MicroFuel Cell™ power devices (No. 6,326,097) for portable electronics. The patent issue coincides with the announcement by Department of Energy Secretary Spencer Abraham that detailed a new public and private partnership with the nation's auto manufacturers to promote the development of hydrogen as a primary fuel for cars and trucks.

The Manhattan Scientifics' patent will facilitate the integration of the MicroFuel Cell™ into a variety of consumer and industrial applications that include a portable and wearable charger for cellular phones, laptop computers, camcorders and power tools. This will allow greater performance, workability and convenience to users of these devices. The patent presents and discusses specific features of the configurations. The patent also covers processes used to manufacture the MicroFuel Cell devices.

Marvin Maslow, CEO of Manhattan Scientifics, said, "For over four years we have been a pioneer in identifying alternative sources of energy with an emphasis on small- to mid-range fuel cells. We have developed technology that has the potential and capacity to redefine consumer products in the years ahead. We are certainly encouraged by the administration's effort to lessen our dependence on foreign oil. This new patent provides Manhattan Scientifics with a competitive advantage, preserves our intellectual property and moves the MicroFuel Cell™ another step closer to commercialization."

Manhattan Scientifics, Inc. is a technology development company working in the fields of alternative energy, holographic data storage and computer touch technology. The company's development laboratories are located in Los Alamos and Albuquerque, New Mexico and Passau, Germany. Its executive facility is located in New York City. Copies of Manhattan Scientifics' press releases, current quotes, stock charts and other information for investors may be found on the websites www.mhtx.com and www.hawkassociates.com.

The foregoing press release contains forward-looking statements, including statements regarding the company's expectation of its future business. These forward-looking statements are based largely on the company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors. These include but are not limited to, successfully completing the research and development with respect to the fuel cells and other technologies, successfully commercializing the fuel cells and holographic storage devices for mass production, successfully protecting the company's patents, and effective significant industry competition from various entities whose capabilities far exceed the company's. In light of these risks and uncertainties there can be no assurances that the forward-looking statements in this press release will in fact transpire or prove to be accurate.

Executive Contacts:
Jack Harrod, COO
Manhattan Scientifics
(214) 675-8033
Email: harrod@airmail.net

Marvin Maslow, CEO
Manhattan Scientifics, Inc.
(917) 923-3300
E-mail: maslow@ix.netcom.com

Investor Relations Contact:
Frank Hawkins
Hawk Associates
(305) 852-2383
E-mail: info@hawkassociates.com