Mart Resources, Inc.
TSX VENTURE : MMT

Mart Resources, Inc.

October 08, 2009 08:30 ET

Mart Updates Status of Arrangement Closing

CALGARY, ALBERTA--(Marketwire - Oct. 8, 2009) - Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart") announces that Westfield Exploration and Development Limited ("Westfield") and its wholly owned Canadian subsidiary, Westfield Oil Holding Limited ("WOHL") have requested an extension to complete the Arrangement previously approved by Mart securityholders on September 25, 2009. While Mart has not agreed to an extension, it has advised Westfield and WOHL that under the existing terms of the Arrangement Agreement, Westfield and WOHL have until October 30, 2009 to complete the transaction following which Mart has the right to terminate without further notice.

Further updates will be provided as developments require.

Additional Information:

Additional information regarding Mart Resources, Inc. is available on the company's website at www.martresources.com.

Certain statements in this News Release may constitute forward-looking statements under applicable securities legislation including statements regarding the timing of the payment of the consideration of the Mart shares and the closing of the Arrangement. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of Mart to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels and timing of activity and achievements to differ materially from those expressed or implied by such information.

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