MMT Mart Resources

Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart") announces the following update
to its previous news release of May 27, 2009, which announced the signing of a
Letter of Intent between Mart and a private African oil and gas company (the
"Purchaser") with respect to the sale of all the outstanding common shares of
Mart to the Purchaser (the "Corporate Transaction").


Mart is continuing to work with the Purchaser to finalize the definitive
transaction documents in respect of the Corporate Transaction. The Corporate
Transaction is expected to be carried out by way of a plan of arrangement under
the provisions of the Business Corporations Act (Alberta). The closing of the
Corporate Transaction, which will be subject to the satisfaction of numerous
conditions including certain conditions in favour of the Purchaser, the approval
of Mart securityholders and the approval of the Alberta courts, is now expected
to occur in late September 2009.


A notice of meeting and management information circular in respect of a meeting
of Mart security holders expected to be held in late September and providing
full details of the Corporate Transaction is expected to be mailed to Mart
securityholders in early September 2009. Mart intends to issue a supplemental
press release when the definitive transaction documents have been finalized and
executed.


RECEIPT OF DEFAULT NOTICES

Mart announces the following update on its activities in Nigeria:

At the Qua Ibo Field, Mart's indirect wholly owned subsidiary, Mart Qua Ibo
Resources Nigeria Limited ("Mart Qua Ibo"), has received a default notice from
its partner Network Exploration & Production Limited. The default notice
purports that Mart Qua Ibo has failed to furnish evidence of financial
sufficiency with respect to the approved work program and budget for the third
quarter of 2009 and states that Mart Qua Ibo has until October 19, 2009 to
remedy the alleged default.


At the Ke Field, Mart's indirect wholly owned subsidiary, Mart Ke Resources
Limited ("Mart Ke") has received a default notice from its partner Del-Sigma
Petroleum Nigeria Limited. The default notice purports that Mart Ke has failed
to pay certain cash calls in relation to site preparation work at the Ke field
site and states that Mart Ke has until September 11, 2009, to remedy the alleged
default. The default notice further purports that Del-Sigma may terminate the
Finance and Production Sharing Agreement between Mart Ke and Del-Sigma if the
default is not remedied.


The Purchaser has been informed of these default notices as part of its due
diligence and the ongoing negotiation of the Corporate Transaction documents.


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.


Additional information regarding Mart Resources, Inc. is available on the
company's website at www.martresources.com.


Certain statements in this News Release may constitute forward-looking
statements under applicable securities legislation including statements
regarding the timing of the mailing of the information circular, securityholder
meeting and closing of the corporate sale transaction. Such forward-looking
statements are based upon certain assumptions of Mart, which include assumptions
regarding the timing and negotiation of the definitive transaction documents,
the delivery of proxy materials to securityholders and the date of the meeting
of securityholders for the purposes of approving the transaction and receipt of
court and other regulatory approval of the transaction. Such forward-looking
statements involve risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Mart to be materially different
from any future results, performance or achievements expressed or implied by
such forward looking statements. This forward-looking information is subject to
known and unknown risks and uncertainties and other factors, which may cause
actual results, levels and timing of activity and achievements to differ
materially from those expressed or implied by such information.

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