MMT Mart Resources

Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") and its
co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege
field) ("Midwestern") and Suntrust Oil Company Limited ("Suntrust"), are pleased
to report final testing results of the UMU-7 well located in the Umusadege
field, onshore Nigeria and that the UMU-7 well has now been placed on
production. Mart and its co-venturers also report that export and pipeline
capacity has been increased for the Umusadege field. 


Test Results

Following the completion of the UMU-7 well, flow tests were conducted on the
four target sands, being the XIIc, XIV, X and XVIa sands. The UMU-7 well flowed
at a stabilized combined cumulative rate of 10,373 barrels of oil per day
("bopd") from the four sands tested on choke sizes ranging between 20/64 to
36/64 inches with API gravity ranging from 39 to 47 degrees.


The table below summarizes the test results from each of the four sands:



----------------------------------------------------------------------------
                                                        Basic
                         API  Choke Size Pressure    Sediment Gas/Oil ratio
Sand Feet       BOPD Gravity    (inches)    (PSI)   and Water   (scf/barrel)
----------------------------------------------------------------------------
XIIc   17      2,459      36       40/64      180          15%           51
XIV    42      2,590      44       24/64      680           4%           77
X      10      4,084      39       36/64      300         0.5%           32
XVIa   10      1,240      47       20/64      235          75%           14
----------------------------------------------------------------------------
Total         10,373                                                        
----------------------------------------------------------------------------



As previously announced, the first test flowed at a stabilized rate of 2,459
bopd from the XIIc sand on a 40/64 inch choke through 2 7/8 inch tubing.


The XIV sand, a 42 foot oil zone, flowed at a stabilized rate of 2,590 bopd of
44 API gravity oil through 3 1/2 inch tubing on a 24/64 inch choke at a flowing
tubing pressure of 680 psi. Basic sediment and water ("BS&W") was 4% and the
gas/oil ratio was approximately 77 standard cubic feet per barrel. 


The X sand, a 10 foot oil zone, flowed at a stabilized rate of 4,084 bopd of 39
API gravity oil through 2 7/8 inch tubing on a 36/64 inch choke at a flowing
tubing pressure of 300 psi. BS&A was 0.5% and the gas/oil ratio was
approximately 32 standard cubic feet per barrel. 


The XVIa sand, a 10 foot oil zone, flowed at a rate of 1,240 bopd of 47 API
gravity oil through 3 1/2 inch tubing on a 20/64 inch choke at a flowing tubing
pressure of 235 psi. BS&A was 75% and the gas/oil ratio was approximately 14
standard cubic feet per barrel. The XVIa water production was mainly completion
fluid due to significant losses into the formation caused by operational delays
during the running of the tubing, completion and wellhead equipment. Additional
testing is scheduled to be done on the XVIa zone once drilling of the UMU-8 well
is completed and the drilling rig has been moved off the drilling pad.


The UMU-7 well has been completed using a dual-tubing string configuration with
the XVI (a) and XIV sands completed in the 3 1/2 inch tubing string and the
XII(c) and X sands completed in the 2 7/8 inch tubing string. As a result of the
completion technology used, although the four sands that have been completed can
be opened and closed at any time to allow for optimized production, it is only
feasible to produce one sand per tubing string due to different pressures within
the formations.


Following the completion of testing, the UMU-7 well was placed on long-term
production on May 2, 2011 from the X and XIV sands at an aggregate initial rate
of 3,352 bopd. This production rate is not necessarily indicative of future
production levels as work is still ongoing to stabilize and optimize long term
production rates from the well.


Increase in Export and Pipeline Capacity

Mart, Midwestern and SunTrust are pleased to announce that the third party
pipeline and export facility owners have confirmed an increase in the export and
production capacity from the Umusadege field commencing the first week of May
2011. The increase in production capacity will be shared amongst the existing
three member production group currently delivering to the third party pipelines
from several fields, which include the Umusadege field. Under the existing
agreements, pipeline capacity may be apportioned among the production group and
therefore may be subject to periodic adjustment.


Existing pipeline capacity combined with the additional capacity allocated to
the Umusadege field is expected to accommodate production from the existing
UMU-1, UMU-5 and UMU-6 wells, production from two sands in the UMU-7 well and
the UMU-8 well, if successful. Discussions are ongoing with the third party
pipeline owners for further production capacity increases to accommodate
production from additional development wells in the Umusadege field. Mart and
its co-venturers are also increasing the capacity of the production facilities
to 30,000 bopd at the Umusadege field in order to accommodate additional volumes
from development drilling.


In addition to this increase in existing pipeline capacity, the Corporation and
its co-venturers are evaluating new pipeline and export options to provide
increased production capacity and to provide another independent export route
for Umusadege field production.


Production Update

The Umusadege field is currently producing at a rate of 11,237 bopd which
includes 3,352 bopd from the UMU-7 well. 


Production averaged 7,551 bopd in the first quarter of 2011 ("Q111") from the
Umusadege field. During Q111, the Umusadege field was shut down due to
maintenance and modification of production facilities, ongoing adjustments to
UMU-6 well production methodology, tie-in of the UMU-7 well for production
testing and disruptions of the export pipeline for a total of 17.7 days or
approximately 20% of Q111. For internal purposes, Mart budgets 15 days of
shut-in time per quarter, though the Company has no control over the amount of
shut-in time that will actually occur.


ABOUT MART RESOURCES:

Mart Resources Inc. is an independent, international petroleum company focused
on drilling, developing and producing oil and gas from proven petroleum
properties in Nigeria, West Africa. The Company is currently producing and
developing the Umusadege field along with Midwestern Oil and Gas Co. Plc (the
Operator of the field) and SunTrust Oil Ltd. Mart also owns two land drilling
rigs, has strong local relationships and experience and is evaluating additional
proven undeveloped opportunities in Nigeria.


Except where expressly stated otherwise, all production figures set out in this
press release, including bopd, reflect gross Umusadege field production rather
than production attributable to Mart. Mart's share of total gross production
before taxes and royalties from the Umusadege field fluctuates between 82.5%
(before capital cost recovery) and 50% (after capital cost recovery).


Forward Looking Statements and Risks

Certain statements contained in this press release constitute "forward-looking
statements" as such term is used in applicable Canadian and US securities laws.
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". 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. Such forward looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. 


In particular, statements (express or implied) concerning the timing or success
of completion operations on the UMU-7 well, the ability of the Company to
successfully complete and commercially produce, transport and sell oil from the
UMU-7 well (or any one or more of the hydrocarbon sands identified by the UMU-7
well), the ability of the Company to successfully drill other wells on the
Umusadege field and the ability to of the Company to fund future drilling
operations should all be viewed as forward-looking statements. Flow rates
established during testing of the UMU-7 well as well as during the initial
production phase are not necessarily indicative of future production rates and
may change materially as the UMU-7 well stabilizes. The flow rates in zones
tested is not necessarily indicative that other zones will be productive,
including zones where preliminary results indicate that the sands were
hydrocarbon bearing. 


In addition, statements (express or implied) concerning the allocation of export
and pipeline capacity to the Umusadege field from the third party pipeline
owners, including the assessment by the Company of the production volumes that
may be allocated to the Umusadege field or capable of delivery as described
herein should be viewed as forward looking statements. There is no assurance
that such production volumes will be made available to the Umusadege field on a
permanent or long term basis as the arrangement is dependent on a number of
factors including available volumes of oil capable of being delivered by other
members of the production group and by the owners of the pipelines. Further,
there is no assurance that the owners of the pipelines will not reduce the
export and pipeline capacity attributable to the Umusadege field without notice.
Any such reduction could have a material adverse effect upon the financial
condition and results of operations of the Company. 


In addition to the foregoing, certain factors can affect the ability of the
Company to produce or deliver oil. These can include planned maintenance
programs or unpredictable and unplanned external factors such as accidental or
deliberate damage to pipelines and other facilities upon which the Company is
reliant. When such disruptions occur, it may not be possible to predict how long
such disruptions may last or how long a production shutdown may occur. 


There can be no assurance that such forward-looking 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. The
forward-looking statements contained herein are expressly qualified by this
cautionary statement.


Forward-looking statements are made based on management's beliefs, estimates and
opinions on the date the statements are made and the Company 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.

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