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 provide an update on
Umusadege field production and drilling operations.


March 2012 Production Update

Umusadege field production during the month of March averaged 12,176 bopd based
on production days. Umusadege field downtime during March 2012 was less than one
day. Total crude oil deliveries into the export storage tanks from the Umusadege
field for the month of March, adjusted for estimated pipeline losses, were
approximately 351,400 barrels.


UMU-10 Well

Following the successful completion of the UMU-9 well tests, which resulted in a
combined stabilized flow rate of 11,718 bopd from the five sands tested,
drilling operations are now moving to UMU-10. The NRG 201 drilling rig is
skidding to the UMU-10 well slot on the current drilling pad. The primary
objectives of the UMU-10 well will be the oil-bearing sands identified in the 8
1/2 inch deviated hole section of the UMU-9 well.


Qua Ibo Field Termination 

Mart also announces that it has entered into an agreement pursuant to which Mart
and Network Exploration & Production Nigeria Limited have amicably terminated
Mart's participating interest in the Qua Ibo field. Under the terms of the
agreement, Network has assumed responsibility for outstanding liabilities of
approximately USD $3.2 million for the Qua Ibo field and has also paid Mart a
USD $1.0 million termination fee. 


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 relations
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

Note: Except where expressly stated otherwise, all production figures set out in
this press release, including barrels of oil per day ("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, past production levels and crude oil deliveries are not
necessarily indicative of future production levels and crude oil deliveries. 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 the UMU-10 well will be spud when indicated or that such well will be
successfully drilled. There is no assurance of an eastern extension to the
Umusadege field or any other hydrocarbon bearing structures further east on the
Umusadege license area. 


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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