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) and Suntrust Oil Ltd are pleased to provide an update on the UMU-8 well
in the Umusadege field.


The UMU-8 well has reached a final total drilling depth of 8593 feet. Open hole
wireline logs have been run with results indicating a total of 16 hydrocarbon
bearing sands. The well logs indicate a cumulative gross pay of approximately
385 feet in the 16 sands encountered by the well.


All of the UMU-8 well's primary objectives, including the IX, XI, XIIa, XIIb,
and XV sands were hydrocarbon bearing sands based on well log interpretation
with results indicating gross oil pay of 32 feet, 14 feet, 39 feet, 26 feet and
11 feet respectively. 9 5/8" production casing has successfully been run and
cemented. 


The next phase of operations will include perforating the five sands and the
installation of completion equipment consisting of a dual tubing string (3 1/2
inch and 2 7/8 inch) configuration. The 3 1/2 inch tubing will have the XV, XIIa
and XIIb sands completed and the 2 7/8 inch tubing will have the XI and IX sands
completed allowing for future multi-zone production. After the completion
equipment is installed, testing on the five individual sands will be conducted.
While the dual string will allow for completion and testing of the five sands,
it is anticipated that only two sands will initially be produced at any given
time.


By way of update, negotiations with the operator of the export pipeline to
increase export capacity for the Umusadege field are ongoing and have not yet
been finalized. Mart and its co-venturers are continuing to evaluate new
pipeline and export options to provide an alternative for future production
capacity.


Chairman's comment:

Wade Cherwayko, Chairman and CEO of Mart, said "Initial interpretation of the
logs for the UMU-8 well indicate the primary objective sands are hydrocarbon
bearing, including the XI and XV sands that have no proved or probable reserves
assigned to them. If testing of the XI and XV sands is successful, the Umusadege
field reserves could be increased from previously disclosed reserve estimates."


INVESTOR RELATIONS:

Investors are also welcome to contact one of the following investor relation's
specialists for all corporate updates and investor inquiries:


FronTier Consulting Ltd.

Mart toll free # 1-888-875-7485

Attn: Sam Grier

Caleb Gilani

Email: inquiries@martresources.com

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-8 well and the ability of the Company to
successfully complete, test and commercially produce, transport and sell oil
from the UMU-8 well (or any one or more of the hydrocarbon sands identified by
the UMU-8 well), should all be viewed as forward-looking statements. The well
log interpretations indicating hydrocarbon bearing sands are not necessarily
indicative of future production. 


In addition, statements (express or implied) concerning the allocation of export
and pipeline capacity to the Umusadege field from the third party pipeline
owners, should be viewed as forward looking statements. There is no assurance
that additional pipeline export volumes will be made available to the Umusadege
field. 


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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