MMT Mart Resources

Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Corporation") is pleased
to provide the following update regarding its corporate activities and
operations.


Further to the Corporation's News Release of November 2, 2009, Mart's Board of
Directors (the "Board") has completed its initial strategic review of Mart's
ongoing operations, cash position and production revenue. As a result of this
review, the Corporation will focus its efforts in the near term on maximizing
production, increasing cash flow and enhancing oil and gas reserves on its
current Nigerian properties, and in particular on the producing Umusadege Field.
The Corporation is no longer actively soliciting offers or expressions of
interest in regards to a corporate transaction. Mart has also determined that it
will take steps to divest non-core assets including the Corporation's drilling
rig business.


Mart and its partners, Midwestern Oil & Gas Company PLC (Operator) and Suntrust
Oil Company Nigeria Limited, are pleased to announce that for the three month
period from July 1, 2009 through September 30, 2009, the Umusadege field was on
production for a total of 87 days with average daily production of 4,092 barrels
of oil per day ("bopd") from the UMU-1 and UMU-5 wells. Of the total production
for this period, the UMU-1 well (commingled XIIa and XIIb zones) contributed an
average of 1,879 bopd and UMU-5 well contributed an average of 2,213 bopd.
Umusadege field production has remained stable with average daily production
between November 1 and November 10, 2009 of 3,785 bopd.


Mart and its partners are currently reviewing options to increase production and
reserves from the Umusadege field in 2010, including re-completion of the two
existing producing wells and drilling new production wells. The timing of these
operational activities will be confirmed once adequate capital resources have
been allocated and approved by the partners.


With regards to the default notices referenced in Mart's News Release of August
17, 2009, Mart announces that it has cured the default in respect of Qua Ibo
field. Mart also confirms that it is finalizing an orderly repayment schedule
for its trade payables. Mart also announces that it has not cured the previously
announced default in respect of Ke field, and as a result Mart's rights in Ke
field have been formally terminated.


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.


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


All references to production levels contained in this press release are to total
field production rates. A detailed description of Mart's ownership interest in
the Umusadege Field in contained in the Company's Management's Discussion and
Analysis filed on SEDAR at www.sedar.com.


Certain statements contained in this press release constitute "forward-looking
statements" as such term is used in applicable Canadian and US securities laws.
These statements relate to analyses and other information that are based upon
forecasts of future results, estimates of amounts not yet determinable and
assumptions of management. In particular, statements concerning the UMU-5 well
and Umu-1 wells and the ongoing development of the Umusadege and Qua Ibo fields
and events or projections referenced or implied herein should be viewed as
forward-looking statements.


Any statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future
events or are not statements of historical fact and should be viewed as
"forward-looking statements". Such forward looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Corporation to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such risks and other factors
include, among others, costs and timing of exploration and production
development, availability of capital to fund exploration and production
development; political, social and other risks inherent in carrying on business
in a foreign jurisdiction, the effects of a recessionary economy and such other
business risks as discussed herein and other publicly filed disclosure
documents. Although the Corporation has attempted to identify important factors
that could cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be
accurate as actual results and future events could vary or differ materially
from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements contained in this news release.


Forward-looking statements are made based on management's beliefs, estimates and
opinions on the date the statements are made and the Corporation undertakes no
obligation to update forward-looking statements and if these beliefs, estimates
and opinions or other circumstances should change, except as required by
applicable law.


This news release contains forward-looking statements based on assumptions,
uncertainties and management's best estimates of future events. When used
herein, words such as "intended" and similar expressions are intended to
identify forward-looking statements. Forward-looking statements are based on
assumptions by and information available to the Corporation. Investors are
cautioned that such forward-looking statements involve risks and uncertainties.
Actual results may differ materially from those currently anticipated. The
forward-looking statements contained herein are expressly qualified by this
cautionary statement.

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