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 the
UMU-10 well at the Umusadege field in Nigeria.


As previously announced, the UMU-10 well has reached a final total drilling
depth of approximately 9,757 feet. UMU-10 is an appraisal well targeting the
sands encountered in the UMU-9 exploration/step-out well, including the deep
sand discoveries. Based upon comprehensive open hole logging, the UMU-10 well
encountered 479 feet of gross pay in 20 sands. The reservoirs encountered are
consistent with the findings in the UMU-9 well, with one additional oil-bearing
discovery in the UMU-10 well that was wet in UMU-9. The five deep sand
discoveries encountered in UMU-9, along with the additional oil sand encountered
in UMU-10, have not previously been flowed to surface. These deep sands are the
primary testing and completion targets for the UMU-10 well.


Downhole pressure and fluid sample tests were taken over all reservoirs.
Preliminary evaluations based on log and drilling data for the UMU-10 well show
19 light oil reservoirs and one gas/condensate reservoir. These conclusions are
consistent with results of tests on the UMU-9 well. The down-hole fluid samples
have confirmed hydrocarbon type, and will provide critical information for
reservoir management and field development planning.


The completion program and production testing operations on the UMU-10 well will
continue through November 2012 and are expected to take at least 30 days.


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                                                            
       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, there is no assurance that the drilling and appraisal program for
the UMU-10 well will be successful or will result in the successful appraisal of
the target sands identified by the well. Statements (express or implied)
regarding the ability of the Company to successfully complete, test, flow to
surface 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mart Resources, Inc.
Wade Cherwayko
London, England office
+44 207 351 7937
Wade@martresources.com


Mart Resources, Inc.
Investor Relations
Toll Free: 1-888-875-7485
www.martresources.com

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