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 initial flow rate test results for the UMU-10 well and an
update on Umusadege field production for the month of December 2012 and the
first week of January 2013. 


UMU-10 Well Test Results 

As previously announced, the UMU-10 well encountered 479 feet of gross
hydrocarbon pay in 20 sands. Six of these sands, XVIIa & XVIIb (commingled),
XVIIIa, XIX, XXb, and XXI, are to be perforated, tested, and completed for
production. Any two of these zones can be produced simultaneously using dual
string sliding sleeve completion technology. The sands completed in UMU-10 are
expected to access 161 feet of the total 479 feet of gross pay in the well. Five
of the UMU-10 sands (XVIIa & XVIIb (comingled) is treated as one completion
interval) have now been perforated and completed. The first extended flow rate
test has been conducted on the XXI sand, the deepest of the sands to be tested,
at a stabilized rate of 1,943 bopd during initial well clean up. 


During the test of the XXI sand, the well flowed 55.3 API gravity oil through 3
1/2 inch tubing on a 28/64 inch choke at a flowing tubing pressure of 1260 psi.
Basic sediment and water (BS&W) was 5% with a gas/oil ratio of approximately 588
standard cubic feet per barrel. 


Four UMU-10 well tests remain, including the individual testing of the XXb, XIX,
XVIIIa, and the co-mingled testing of the XVIIa & XVIIb sands. All sands will be
initially tested on restricted choke settings during clean up, as has been done
for the XXI sand. Once all completed sands have finished the clean-up
operations, each will undergo a multirate flow test on various choke sizes,
which may include choke sizes greater than those used for the clean-up
operations.


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


December 2012 Production Update

As previously reported, there was no production from the Umusadege field in
November 2012 through December 20, 2012 due to a shutdown of the export pipeline
that started on October 30, 2012. Nigerian Agip Oil Company ("AGIP"), the
pipeline operator, has advised that repairs to the export pipeline were
completed, and production from the Umusadege field and other fields in the area
(collectively the "Cluster") began on a test basis early on December 21, 2012.
Production and deliveries into the export pipeline from the Cluster increased to
normal levels by the end of December 2012 and have averaged 11,800 bopd during
the period from January 1, 2013 to January 8, 2013.


Total crude oil deliveries into the export pipeline from the Umusadege field for
December 2012 were approximately 92,000 bbls before pipeline losses. Pipeline
and export facility losses for November 2012 as reported by the pipeline
operator were 0 bbls, as the pipeline was down for all of November 2012.
December 2012 pipeline and export facilities losses have not yet been reported
by the pipeline operator. Pipeline and export facility losses as reported by the
pipeline operator from the beginning of the year to end of November 2012 are
approximately 13.6% of total crude deliveries during this eleven month period. 


Wade Cherwayko, CEO of Mart Resources stated: "Mart and its partners are pleased
and encouraged with the initial flow test results from the UMU-10 well, which
demonstrate that the exceptional reservoir of the Umusadege field extends
further than previously assigned. We are looking forward to receiving results
from tests of the remaining perforated sands in the coming weeks. We are also
happy to report normalized operations for the AGIP pipeline starting in January
2013."


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

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 XVIIa & XVIIb (commingled), XVIIIa, XIX, XXb, and XXI
sands or commercially produce, transport or sell oil from the UMU-10 well (or
any one or more of the sands identified by the UMU-10 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. In addition, there is no assurance that there will not be future
disruptions of the AGIP pipeline or that future repairs will not be required.
Any future disruptions will materially and adversely affect the ability of the
Company to transport, deliver and sell its crude oil production from the
Umusadege field. Statements (express or implied) concerning the allocation of
export and pipeline capacity to the Umusadege field from their party pipeline
owners, should also 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mart Resources, Inc. - London, England
Wade Cherwayko/Dmitri Tsvetkov
+44 207 351 7937
Wade@martresources.com
dmitri.tsvetkov@martresources.com


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

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