Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Corporation") announces
that it has determined that it will not be able to file its annual financial
statements, management's discussion and analysis and CEO and CFO certificates
(collectively, the "2008 Annual Financial Statements") by the filing deadline of
April 30, 2009 as prescribed by National Instrument 51-102 - Continuous
Disclosure Obligations.


The Corporation's inability to file its annual financial statements is due to
the inability of the Corporation to secure certain critical financial
information from third parties located in Nigeria. The Corporation is currently
working to secure the required financial information from the third parties at
the earliest possible date and anticipates filing its 2008 Annual Financial
Statements no later than June 30, 2009.


Until Mart completes the filing of the 2008 Annual Financial Statements, Mart
will comply with the alternative information guidelines set out in National
Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults for
issuers who have failed to comply with a specified continuous disclosure
requirement within the times prescribed by applicable securities laws. The
guidelines, among other things, require Mart to issue bi-weekly default status
reports by way of a news release so long as the 2008 Annual Financial Statements
have not been filed.


In addition, Mart has made an application to the applicable regulatory
authorities for a management cease trade order ("MCTO"). The application and
this press release has been authorized by the Chief Executive Officer and
approved by Mart's audit committee. There is no certainty that such order will
be granted. If a MCTO is granted, the general investing public will still be
available to trade Mart shares, however, the Corporation's Chief Executive
Officer, Chief Financial Officer and such other directors, officers and persons
as determined by the applicable regulatory authorities, will not be able to
trade Mart shares. If a MCTO is not granted, the applicable regulatory
authorities may issue a cease trade order against Mart for failure to file the
2008 Annual Financial Statements within the prescribed time period.


Resignation of Director

The Corporation also announces that Michael J. Perkins has resigned as a
director of the Corporation effective April 29, 2009. The Corporation wishes to
thank Mr. Perkins for his contribution to the Corporation over the past year.


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. Mart has acquired interests in and begun development of
three onshore Nigerian oil fields.


Certain statements contained in this release constitute forward-looking
information. These statements relate to future events or future performance. The
use of any of the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking
information and are based on the Corporation' current belief or assumptions as
to the outcome and timing of such future events. Actual future results may
differ materially. In particular, this release contains forward-looking
information relating to: the audit of the Financial Statements and the filing of
the 2008 Financial Statements. Various assumptions or factors are typically
applied in drawing conclusions or making the forecasts or projections set out in
forward-looking information. Those assumptions and factors are based on
information currently available to the Corporation. The material factors and
assumptions with respect to the audit of the Financial Statements and the filing
of the 2008 Financial Statements include: the completion of the Financing and
the auditors not encountering anything out of the ordinary with respect to their
audit. Risk Factors that could cause actual results or outcomes to differ
materially from the results expressed or implied by forward-looking information
include, among other things: general economic and business conditions, costs and
timing of court proceedings, the ability of the Corporation to secure missing or
additional financial information necessary to complete the financial statements
and political, social and other risks inherent in carrying on business in a
foreign jurisdiction. The forward-looking information contained in this release
is made as of the date hereof and the Corporation are not obligated to update or
revise any forward-looking information, whether as a result of new information,
future events or otherwise, except as required by applicable securities laws.
Because of the risks, uncertainties and assumptions contained herein, investors
should not place undue reliance on forward-looking information. The foregoing
statements expressly qualify any forward-looking information contained herein.
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