Mart Resources, Inc.
TSX VENTURE : MMT

Mart Resources, Inc.

August 09, 2005 09:00 ET

Mart Re-Issues Two Recent News Releases

CALGARY, ALBERTA--(CCNMatthews - Aug. 9, 2005) - Mart Resources, Inc. (TSX VENTURE:MMT) said today that two press releases issued on Tuesday, July 12, 2005 and Wednesday, June 8, 2005 did not receive as broad a distribution as other corporate releases. As these two releases contain information that the Company believes is significant regarding the future growth of the organization, Mart is re-issuing them in abbreviated form as follows:

On Tuesday, July 12, 2005 Mart Resources, Inc. announced that it had entered into an Agreement with Midwestern Oil and Gas Ltd. under which Mart will participate in the development of the Umusadage Field in Nigeria. The Umusadage Field is an on-shore oil and gas field located in Nigeria's Niger Delta region that was recently awarded to Midwestern under the Nigerian Government's marginal field allocation program. Three wells were drilled and cased in the Umusadage Field between 1974 and 1980. The N2 well, which was the only well tested, flowed 2,654 barrels of oil per day.

Mart is currently arranging to begin development of the re-enter, test and re-complete the N2 well on the Umusadage Field. Initial development plans include the drilling of one or two new wells, as well as the re-completion of the N2 and Umusadage #1 wells.

On Wednesday, June 8, 2005 Mart Resources, Inc. and its partner Excel E&P Ltd. reported that a production test of the Eremor #1 well located in Nigeria's Niger Delta flowed oil at a rate of 940 barrels per day with no water. The test indicated a low gas/oil ratio with medium gravity oil. Production testing flow rates were restricted at surface due to traces of sand production during the well test.

The test results fully confirm Mart's technical evaluation of the field and the viability of developing the field with two or three horizontal production wells, one of which will be drilled as a side-track from the existing Eremor #1 well. During field development, the wells will be completed with gravel pack and sand screen to prevent any potential sand production problems. According to Mart's independent consultants, Horizon Energy Partners of Holland, extrapolation of the test data from the vertical Eremor-1 well indicates that each horizontal well should produce 2,000 to 3,000 barrels of oil per day. Mart anticipates commencing field development operations in Q4 2005, and is currently negotiating drilling rig contracts.

This successful test of the Eremor #1 well places Mart and its partner Excel at the forefront in the development of oil fields under the Nigerian Marginal Field Program. It is also an exciting milestone in Mart's program that is anticipated to establish significant oil production and an important oil reserve base for the Company in Nigeria's Niger Delta.

Mart is an independent international energy company focused on developing oil, gas and power projects in West Africa.

Certain statements in this News Release constitute forward-looking statements. Such forward-looking statements involve 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

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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