Mart Resources, Inc.
TSX : MMT

Mart Resources, Inc.

October 09, 2015 10:55 ET

Mart Denies Sale of Company and Continues to Evaluate Strategic Alternatives

CALGARY, ALBERTA--(Marketwired - Oct. 9, 2015) - Mart Resources, Inc. (TSX:MMT) ("Mart" or the "Company") announces that, in response to recent reports contained in the Nigerian press, it has not entered into a definitive agreement or transaction regarding a sale of the company to Midwestern Oil & Gas Company Limited ("Midwestern") or any other party. The press report has been removed from the Nigerian news agency's website as it is completely without merit and should be totally disregarded.

As previously announced, Mart continues to examine and consider strategic alternatives available to the Company to maximize shareholder value and confirms that Mart is not currently in discussions with Midwestern regarding a potential sale. Any future strategic alternatives transaction will be subject to applicable regulatory, stock exchange and Mart shareholder approval.

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.

Forward Looking Statements and Risks

Certain statements contained in this press release constitute "forward-looking statements" as such term is used in applicable Canadian 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". 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.

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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