Los Alamos, NM February 27, 2002 - Manhattan Scientifics, Inc. (MHTX) announced today that its Novint Technologies unit has continued to develop sufficient sales revenue to be financially self-reliant. Novint has recently received a contract to develop a touchable virtual interior of an automobile. This is the beginning of Novint's penetration into the automotive industry, which is potentially a large market for its touchable software system. Another company is currently evaluating utilizing the technology for automobile tire design and evaluation. Manhattan Scientifics is the largest outside shareholder of Novint and licenses Novint's technology in certain fields.

This most recent contract is Novint's sixth funded contract. Novint continues to work in the oil and gas exploration industry. The e-Touch software significantly reduces the time it takes to interpret 3D data while enabling a geophysicist to feel as well as see sub-surface structures. In his February 25 speech, President George Bush said, "Technologies will also enable us to preserve our environment as we explore." Novint believes that its technology will help support this. Novint is also working on architectural layout and terrain visualization applications where users can literally reach into an environment and manipulate it as easily as we interact with everyday objects. A user can arrange pieces of furniture in a room by picking them up or move buildings around in a terrain as easily as a child plays with wooden blocks. Another of Novint's primary focus areas is in medical training. With Novint's software a surgeon can accurately and realistically experience what a medical procedure feels like before ever touching a living patient. This allows doctors to learn the feel of procedures realistically, practice a procedure many times with no additional cost, learn on differing body types or with various complications, and ultimately be graded with an industry gold standard.

Tom Anderson, CEO of Novint, said, "This latest contract is indicative of the movement within our organization to sustain ourselves with our own revenue and to become less reliant on capital infusions from Manhattan Scientifics and outside investors."

Manhattan Scientifics CEO Marvin Maslow said, "Novint's technology was born within the Sandia National laboratories, where more than five-years were invested to create computer images that are touchable and lifelike. After licensing the technology from Sandia, our initial cash investment into Novint was $1.5 million. They have made excellent progress toward developing a commercially successful business.

"In the meantime, our discussions with potential partners for Manhattan Scientifics' fuel cell activities are continuing. We are pleased with the progress of these talks," Maslow said. Maslow noted that in his Feb. 25 remarks President Bush said, "Fuel cells are the wave of the future. Fuel cells offer incredible opportunities."

Manhattan Scientifics, Inc. is a technology development company working in the fields of alternative energy and fuel cells and on commercial applications for 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. Information about Novint Technologies can be found on the website www.novint.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 for mass production, successfully protecting the company's patents, and effective significant industry competition from various entities whose capabilities far exceeds 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:
Tom Anderson, CEO
Novint Technologies
(505) 559-9100
Email: tom@novint.com

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