Mart Resources, Inc.
TSX VENTURE : MMT

Mart Resources, Inc.

May 01, 2007 20:44 ET

Mart Resources, Inc., Announces ASC Management Cease Trade Order

CALGARY, ALBERTA--(CCNMatthews - May 1, 2007) - Mart Resources, Inc. (TSX VENTURE:MMT) announces that there will be a delay in the filing of its annual audited financial statements for the year ended December 31, 2006 (the "Annual Financials"). This was caused by delays in getting final critical financial and other information required for completion of audit work on Mart's Nigerian subsidiaries, due to unavoidable logistical problems caused by government restrictions imposed on personnel movements in connection with the election process in Nigeria. As a result, the Alberta Securities Commission (the "ASC") in accordance with its guidelines, has issued an order that prohibits, effective immediately, all trading by all current directors, officers and insiders in the securities of the Company. The management cease trade order is expected to be in place until two full business days following receipt by the ASC of the Annual Financials. The company expects to file its Annual Financials by May 29, 2007.

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. In particular, there is no assurance that any future closings of the private placement will occur within the time frames indicated or at all.

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

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