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 Company Limited, are pleased to report the initial test
results from the zones tested on the UMU-8 well and provide an update on
production in the Umusadege field, onshore Nigeria.


The first extended test on the UMU-8 well was conducted on the XV sand, an 11
foot oil zone, which flowed at a stabilized rate of 4,205 barrels oil per day
("bopd") of 44 API gravity oil through 3 1/2 inch tubing on a 28/64 inch choke
at a flowing tubing pressure of 140 psi. Basic sediment and water (BS&W) was 0%
with gas/oil ratio of approximately 175.9 standard cubic feet per barrel. 


The second extended test on the UMU-8 well was conducted on the X11(a) sand, a
39 foot oil zone, which flowed at a stabilized rate of 1,140 bopd of 36 API
gravity oil through 3 1/2 inch tubing on a 24/64 inch choke at a flowing tubing
pressure of 90 psi. Basic sediment and water (BS&W) was 0% with gas/oil ratio of
approximately 25 standard cubic feet per barrel. 


Further updates will be provided once testing has been completed. 

Crude oil deliveries into the export pipeline from the Umusadege field between
1st and the 16th of September averaged 7,491 bopd. Aggregate Umusadege field
downtime over this period was approximately 0.7 days due primarily to field
maintenance issues.


Negotiations with the operator of the export pipeline to increase capacity are
ongoing.


Additional information regarding Mart Resources, Inc. is available on the
Company's website at www.martresources.com and under the Company's profile on
SEDAR at www.sedar.com.


Note: 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 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
interpretation 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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