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 for the months of August and
September 2012.


August and September 2012 Production Update

Umusadege field production during August 2012 averaged 12,131 bopd and averaged
11,303 bopd during September 2012. Umusadege field downtime during August 2012
was less than one day and during September 2012 was less than three days. The
average field production based on producing days was 12,535 bopd in August and
12,559 bopd during September 2012. The average daily production in August and
September 2012 was slightly lower than in July 2012 due to decreased export
pipeline capacity allocated to the Umusadege field. 


Total crude oil deliveries into the export pipeline from the Umusadege field for
August 2012 were approximately 376,000 bbls and for September 2012 were
approximately 339,000 bbls before pipeline losses. Pipeline and export facility
losses for August 2012 as reported to Mart by the pipeline operator were 52,000
bbls or approximately 13.7% of total crude deliveries. July 2012 reported
pipeline and export facility losses were 56,000 barrels or approximately 13.8%
of total crude deliveries. September pipeline and export facilities losses have
not yet been reported by the pipeline operator. Pipeline and export facility
losses as reported by pipeline operator from the beginning of the year to end of
August 2012 are approximately 13.3% of total crude deliveries. Mart and its
co-venturers are continuing to investigate this situation and are working to
obtain additional information regarding such losses including assessing the
accuracy of volume reconciliations as well as the accuracy of the metering and
reporting processes.


UMU-10 Well Update

The UMU-10 well has reached a final total drilling depth of approximately 9,757
feet. The next phase of operations will include open hole well logging,
conducting pressure surveys on prospective zones and acquiring fluid samples.
Well operations will then continue with running 9 5/8 inch casing in the open
hole. The primary objectives of the UMU-10 well are the oil-bearing sands
identified in the 8 1/2 inch deviated hole section of the UMU-9 well. The
oil-bearing sand discoveries from UMU-9 account for 170 feet of gross oil pay.
Based on UMU-10 preliminary results from logging-while-drilling (LWD)
technology, the target sands identified by the UMU-10 well have been similar in
thickness to those encountered in the UMU-9 well. Up to four of these sands
could be completed in UMU-10. The completion and testing of the UMU-10 well is
expected to take approximately 45 to 60 days. 


Export Pipeline

Mart and its co-venturers are nearing conclusion of negotiations with an
affiliate of Royal Dutch Shell plc. ("Shell") to complete a crude handling
agreement that will enable plans to move forward to provide a second independent
export pipeline for Umusadege field production. Mart and its co-venturers will
then gain access to Shell's export facilities and a 50 kilometer pipeline will
be constructed. Construction of the pipeline connecting the Umusadege field to
Shell's export facilities is expected to be completed and in service by Q4 2013.



Mart Presenting at Canaccord Genuity Global Resources Conference in Miami

Wade Cherwayko, Chairman and CEO of Mart, will be a presenter at the Canaccord
Genuity Global Resources Conference in Miami, Florida on October 18, 2012. A
link containing the location and details of the conference is available on
Mart's website under News & Presentations / Corporate Presentations -
www.martresources.com.


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 Timea Carlsen

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 (1) Mart and its co-venturers will be able to obtain additional information
regarding pipeline losses; or (2) there will not be future pipeline losses and
that such losses will not be at levels greater than those referenced herein; 


In addition, there is no assurance that the drilling program for the UMU-10 well
will be successful or will successfully appraise the target sands identified by
the well. Statements (express or implied) regarding the ability of the Company
to successfully complete, test and commercially produce, transport and sell oil
from the UMU-10 well (or any one or more of the hydrocarbon sands identified by
the UMU-10 well), should all be viewed as forward-looking statements. The well
log interpretations indicating hydrocarbon bearing sands are not necessarily
indicative of future production. There is no assurance that reserves will be
assigned to such hydrocarbon bearing sands.


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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