Olfaction and gustation are important survival mechanisms. These sensory modalities also have an impact on memory and emotions. Olfactory stimulation has recently been used in virtual reality environments to treat emotional distress. There is evidence that olfactory and gustatory stimuli reach the insula, where they influence a number of other brain networks. There is little research on the use of smell and taste during mindfulness, but it will be shown that they can foster balanced emotional responses. In this chapter, we will look at how to incorporate olfactory and gustatory memory-based experiences during mindfulness exercises to bring about emotional homeostasis.