Mart Resources, Inc.
TSX VENTURE : MMT

Mart Resources, Inc.

July 11, 2013 09:15 ET

Mart Resources, Inc.: New Central Production Facility Commissioned and Operational at Umusadege

- New Central Production Facility ("CPF") commissioned on July 8, 2013 at the Umusadege field and fully operational.

- New CPF has a design capacity of 35,000 barrels per day, which is expected to be sufficient to handle the full field capacity anticipated from the existing reserves, as well as the potential for production from prospective resources in the Umusadege farmout area. The CPF is expandable to handle future production increases as needed.

CALGARY, ALBERTA--(Marketwired - July 11, 2013) - Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following update on the Central Production Facility at the Umusadege field.

Umusadege Central Production Facility

The new CPF was commissioned on July 8, 2013 at the Umusadege field and all production is currently being processed by the new facility. The CPF handles all petroleum products from the Umusadege field and utilizes gas produced from the field for power generation. The new CPF has a design capacity of 35,000 barrels per day, which is expected to be sufficient to handle the full field capacity anticipated from the existing reserves, as well as the potential for production from prospective resources in the Umusadege farmout area. The CPF is expandable to handle future production increases as needed.

The CPF replaces the temporary early production facilities at the field that were expanded to a 20,000 barrels per day capacity in 2010. The CPF not only increases processing capacity, but also replaces rental storage equipment with permanent equipment that is expected to decrease operating costs per barrel.

Wade Cherwayko, CEO of Mart stated: "Completion and commissioning of the new CPF is a significant milestone for the development of the Umusadege field. It increases processing capacity and is expected to result in a higher netback per barrel."

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.

Except where expressly stated otherwise, all production figures set out in this press release, including barrels per day, reflect gross Umusadege field production rather than production attributable to Mart. Mart's share of total gross production before taxes and royalties from the Umusadege field fluctuates between 82.5% (before capital cost recovery) and 50% (after capital cost recovery).

Forward Looking Statements and Risks

Certain statements contained in this press release constitute "forward-looking statements" as such term is used in applicable Canadian and US 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". These statements relate to analyses and other information that are based upon forecasts of future results, estimates of amounts not yet determinable and assumptions of management. 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.

In particular, there is no assurance that future production from the Umusadege Field will result in the CPF being utilized at its full design capacity or that the design capacity of the CPF will be sufficient to handle all future Umusadege field processing requirements. There is no assurance that the CPF will be expanded in the future.

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 no 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.

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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