Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") announces that
it has terminated the Arrangement Agreement with Westfield Exploration and
Production Limited and its wholly owned Canadian subsidiary, Westfield Oil
Holding Limited (collectively, the "Purchaser") due to the Purchaser's failure
to tender the cash consideration payable for Mart's common shares as prescribed
in the Arrangement Agreement. Mart also confirms that it has repaid the
outstanding principal amount of the US$3.5 million convertible bridge loan
advanced to Mart in late May and early June 2009. Mart has instructed
Computershare Trust Company of Canada, its registrar and transfer agent, to
return to securityholders any Mart securities that were previously delivered to
Computershare in anticipation of the closing of the Arrangement. 


Mart currently believes that it has adequate cash and ongoing oil production
revenue to meet its operating costs and satisfy its scheduled bank debt
repayment obligations. Mart is also currently finalizing a schedule for the
orderly repayment of its trade payables. 


As a consequence of the Arrangement not proceeding, the Board of Directors of
Mart has initiated a strategic review based upon Mart's current financial
position and ongoing operations to enhance shareholder value. 


About Mart Resources:

Mart is an independent international petroleum company focused on drilling,
developing and producing oil and gas from low-risk proven petroleum properties
in Africa. Mart and its partners currently have ongoing crude oil production
from the Umusadege field in Nigeria. 


Certain statements in this News Release may constitute forward-looking
statements under applicable securities legislation. 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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