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 (together "the Co-venturers") are
pleased to announce the initial flow rate test results for the UMU-9 well and an
update on February 2012 Umusadege field production. 


UMU-9 Well Test Results 

As previously announced, the UMU-9 well encountered gross hydrocarbon pay of 430
feet from nineteen oil sands and one gas sand. Five of the UMU-9 sands have now
been perforated and completed. The first extended flow test has been conducted
on the 46-foot thick XIV sand at a stabilized rate of 4,240 bopd. 


During the test of the XIV sand, the well flowed 43.3 API gravity oil through 3
1/2 inch tubing on a 32/64 inch choke at a flowing tubing pressure of 480 psi.
Basic sediment and water (BS&W) was 0.2 % with a gas/oil ratio of approximately
90 standard cubic feet per barrel. 


Three UMU-9 well tests remain including the co-mingled testing of the XIIIa and
XIIIb sands via the 3 1/2 inch tubing, followed by individual testing of the
XIIa and X sands via the 2 7/8 inch tubing.


Further updates will be provided on these remaining targeted sands once testing
has been completed and results are available.


February 2012 Production Update

Umusadege field production based on producing days during the month of February
averaged 11,229 bopd. Umusadege field downtime during the month was
approximately 6.5 days, primarily due to technical problems at third party
export pipeline facilities. The average oil delivered to export storage tanks
averaged 8,728 bopd.


Wade Cherwayko, CEO of Mart Resources stated: "Mart and its partners are pleased
and encouraged with the initial flow test results from the UMU-9 well which
demonstrate that the exceptional reservoir and oil quality of the Umusadege
field extend further than the area previously assigned, and we are looking
forward to receiving results from testing the remaining perforated sands in the
coming weeks."


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


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 or 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, there is no assurance that the Company will be able to
successfully test the XIII(), XIII(b), XII(a) or X sands or commercially
produce, transport or sell oil from the UMU-9 well (or any one or more of the
sands identified by the UMU-9 well). Statements (express or implied) concerning
the allocation of export and pipeline capacity to the Umusadege field from thir
party pipeline owners, should be viewed as forward looking statements. 


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 no 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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