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 providing the following updates on
Umusadege field production for September 2013 and other operations.


September 2013 Production Update

Umusadege field production during September 2013 averaged 8,293 bopd. Umusadege
field downtime during September 2013 was approximately 8.5 days due mainly to
maintenance and repairs on the export pipeline performed by the pipeline
operator, Nigerian Agip Oil Company Limited ("NAOC"). The average field
production based on producing days was 11,674 bopd in September 2013.


Total net crude oil deliveries into the export pipeline from the Umusadege field
for September 2013 were approximately 261,200 bbls before pipeline losses.
Pipeline and export facility losses reported by NAOC for August 2013 were 53,786
bbls, or 18.3% of total crude oil deliveries into the export pipeline. September
2013 pipeline and export facility losses have not yet been reported by NAOC. In
addition to August 2013 losses reported by NAOC, adjustments to pipeline losses
allocated to Mart and its co-venturers for January 2013 and February 2013 were
reported by NAOC in its most recent report. These adjustments increased
previously reported pipeline and export facility losses for January 2013 by
31,808 bbls to an updated total for the month of 84,290 bbls, which represents
22.6% of total crude oil deliveries into the export pipeline during January
2013. The adjustments also resulted in a decrease to previously reported
pipeline and export facility losses for February 2013 of 4,266 bbls and an
updated total for the month of 38,004 bbls, representing 22.9% of total crude
oil deliveries into the export pipeline during February 2013. No additional
adjustments to pipeline losses previously reported by NAOC in 2013 are
anticipated. Pipeline and export facility losses have averaged 23.5% for the
first eight months of 2013. 


The adjustments for January 2013 and February 2013 and an increase in the
pipeline losses during 2013 are a result of application of a new formula for
calculation of the pipeline losses. The new formula was imposed by NAOC in the
crude handling agreement entered into in 2013. The formula has an effect on the
overall calculation and allocation of pipeline losses, and the members of the
cluster are in discussions with NAOC to contest the formula and are considering
all options available.


UMU-11 Well Update

As previously announced, the UMU-11 well reached a final total drilling depth of
approximately 8,910 feet on September 27, 2013. Open hole well logging has been
completed, pressure surveys on prospective zones have been conducted, and fluid
samples have been acquired. Operations to run 9 5/8 inch casing to the bottom of
the well have been completed and the casing has been cemented. The primary
objectives of the UMU-11 well are to appraise and produce the proven oil
reservoirs encountered but not completed in the UMU-9 and UMU-10 wells. Target
sands for flow testing have been identified and preparation to perforate and
test the IX, XIIb and XIIIb zones is underway. The completion and testing of
UMU-11 is expected to take approximately 30 days.


Umugini Pipeline Update

Negotiations are nearing conclusion with the local communities for right of way
for the last five kilometres of the first section of the Umugini pipeline. It is
expected that the pipeline contractor will re-mobilize and restart construction
operations after current rains diminish and flooding recedes, which is
anticipated by December 2013. Once final government approval is received for the
second phase of the project and weather conditions permit, construction of the
second section of the Umugini pipeline using a second construction crew will
commence. It is expected that pipeline construction will be completed in the
first half of 2014. 


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 on October 16-18, 2013. Links
containing the locations and details of the conferences are available on Mart's
website under Investor Centre / Events Calendar - 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.


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 there will not be future disruptions
of the NAOC 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 third party pipeline owners, should
also be viewed as forward-looking statements. Pipeline and export facilities
losses are expected to continue in the future and such losses could be material.
There is no assurance that there will not be adjustments to previously reported
pipeline losses. 


In addition, there is no assurance that the drilling program for the UMU-11 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-11 well (or any one or more of the hydrocarbon sands identified by
the UMU-11 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 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.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.


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


Mart's London, England office
Dmitri Tsvetkov
+44 207 351 7937
dmitri.tsvetkov@martresources.com


Canada
Sam Grier
403-270-1841
toll free 1-888-875-7485
www.martresources.com

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