New York, NY - May 22, 2003 - Manhattan Scientifics, Inc. (OTCBB: MHTXE) announced today that effective Friday, May 23, 2003, the company's shares will trade on the Over the Counter Pink Sheet quotation system. Quotes may be obtained at www.pinksheets.com with the trading ticker symbol MHTXE.

NASD Rule 6530 requires companies to be current with periodic SEC filings to be eligible for quotation on the Bulletin Board. As previously disclosed, the company has not filed its Form 10KSB for the year ending December 31, 2002 or its Form 10QSB for the quarter ending March 31, 2003. The company anticipates making future filings with the SEC and to reapply for trading on the OTC Bulletin Board at that time.

About Manhattan Scientifics
Manhattan Scientifics, Inc. (www.mhtx.com) is a technology development company working in the fields of alternative energy, and computer touch technology. The company's development laboratories are located in Los Alamos and Albuquerque, New Mexico. 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 website www.hawkassociates.com.

The foregoing press release contains forward-looking statements (including expectation of future events), which are subject to risks, and uncertainty, which may be beyond the company's control. Actual results could differ materially for many reasons including but not limited to completion of R&D and successful commercialization of products/services, patent completion, prosecution and defense against well-capitalized competitors. These are serious risks and there is no assurance that our forward-looking statements will occur or prove to be accurate.

Executive Contacts:

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

Jack Harrod
Chief Operating Officer
Manhattan Scientifics, Inc.
214.675.8033
Email:harrod@airmail.net

Media Contact: Richard Rubenstein, Rubenstein PR (212) 843-9222
Email: rruben@rpr1.com

Investor Relations Contact:
Frank Hawkins, (Hawk Associates) (305) 852-2383
Email: Info@hawkassociates.com