Tc-CO-MIBI was prepared by a two-step procedure involving the convenient preparation of the [ 99m Tc(CO) 3 (OH 2 ) 3 ] + precursor and followed by the substitution of the water molecules by the MIBI (2-methoxyisobutylisonitrile) ligands. In a second step, the reaction solution was adjusted to different pH values, and then the product, 99mTc-CO-MIBI, was confirmed to be a mixture of two complexes: complex A and complex B, whose labeling yields could be over 90%. The ratio of complex B to the sum of A and B could increase gradually from 0 to 1 when pH was shifted from 3.0 to 9.0. These changes were monitored by thin layer chromatography (TLC) and high performance liquid chromatography (HPLC). The two complexes were stable within 8 h at room temperature in vitro. The partition coefficient of the two complexes indicated that there was distinct difference between them. Biodistribution in mice demonstrated that complex B showed better myocardial imaging properties than that of complex A. The heart/liver ratios of complex A, the mixture, and complex B were 1.57, 1.93, and 2.33, respectively, for 30 min post-injection. The discovery of chemical and biological properties of 99m Tc-CO-MIBI would certainly promote the research on a new promising myocardial perfusion-imaging agent.