Mart Resources, Inc. (TSX VENTURE:MMT) announces that as a result of a routine
review by the Alberta Securities Commission ("ASC"), Mart intends to restate its
June 30, 2008 Interim Financial Statements and amend its Management's Discussion
& Analysis ("MD&A") and re-file these documents in the next few days. The ASC
identified an error in the accounting treatment associated with the conversion
of Mart's convertible notes. As previously disclosed, this conversion took place
on May 20, 2008. Due to the complex and unique nature of this transaction, Mart
did not appropriately account for the impact of the conversion and
classification of the elements of the transaction. Mart wishes to highlight that
the Company does not expect the revised accounting treatment to materially
impact the net loss and comprehensive loss previously reported in the Interim
Financial Statements filed August 29, 2008, nor its cash and cash equivalents as
at June 30, 2008.


Mart also wishes to announce that the overall disclosure provided in the
restated and amended Interim Financial Statements and MD&A has also been
enhanced to provide additional comparability, insights and transparency to
users, including addition of quarter-by-quarter results for the first six months
of 2008.


About Mart Resources:

Mart Resources Inc. is an independent, international petroleum company focused
on drilling, developing and producing oil and gas from low-risk proven petroleum
properties in Africa. The Company owns two drilling rigs, has strong local
relationships and has formed joint venture partnerships with indigenous
operators in Nigeria. Based on these factors Mart has successfully acquired
interests in and begun development of a portfolio of three on-shore Nigerian oil
fields. Mart's first oil production commenced in April 2008 from the Umusadege
field.