Mart Resources, Inc.
TSX VENTURE : MMT

Mart Resources, Inc.

February 23, 2011 08:30 ET

Mart Resources Announces Grant of Stock Options

CALGARY, ALBERTA--(Marketwire - Feb. 23, 2011) - Mart Resources, Inc. ("Mart" or the "Corporation") (TSX VENTURE:MMT) announces that it has granted stock options to purchase up to 5,575,000 common shares of the Corporation to certain officers and directors of the Corporation and stock options to purchase up to 1,700,000 common shares of the Corporation to employees and consultants of the Corporation. The options have an exercise price of $0.65 per common share and expire on February 22, 2016.

ABOUT MART RESOURCES:

Mart is an independent, international petroleum company focused on drilling, developing and producing oil and gas from low-risk proven petroleum properties in Nigeria, West Africa. The Company is currently producing and developing the Umusadege field along with Midwestern Oil and Gas Co. Plc (the Operator of the field) and SunTrust Oil Ltd. Mart also owns two land drilling rigs, has strong local relationships and experience and is evaluating additional proven undeveloped opportunities in Nigeria.

Mart Resources, Inc. was recognized as a TSX Venture 50® company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.

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

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.

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