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 pleased to provide an update on
Umusadege drilling operations.


The UMU-11 well commenced drilling operations on August 14, 2013 and is
currently at a depth of 1,100 feet in the 16-inch upper hole section. The
16-inch upper hole section will be drilled to a depth of approximately 5,000
feet. The next activity will include running and cementing 13 3/8 inch casing in
the upper hole section. Drilling will then continue with a 12 1/4 inch section
to a total measured depth of approximately 8,700 feet, followed by running 9 5/8
inch casing.


The main objectives for the UMU-11 well are to appraise and produce proven oil
reservoirs encountered but not completed in the UMU-9 and UMU-10 wells. These
sands (XIIb, XIIc, XVIa, and XVIb) were previously logged and sampled. The
UMU-11 objective is to test four of these oil-bearing sands, and if successful,
complete these sands for production.


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 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, past production levels and crude oil deliveries are not
necessarily indicative of future production levels and crude oil deliveries. In
addition, statements (express or implied) concerning the allocation of export
and pipeline capacity to the Umusadege field from the third party pipeline
owners, should be viewed as forward looking statements. There is no assurance
that the UMU-11 well will be successfully drilled. 


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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mart Resources, Inc.-London, England office
Wade Cherwayko
+44 207 351 7937
Wade@martresources.com


Mart Resources, Inc.-London, England office
Dmitri Tsvetkov
+44 207 351 7937
dmitri.tsvetkov@martresources.com


Mart Resources, Inc.-Canada
Sam Grier
403-270-1841 or toll free 1-888-875-7485
www.martresources.com

Mart Resources (TSXV:MMT)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024 Plus de graphiques de la Bourse Mart Resources
Mart Resources (TSXV:MMT)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024 Plus de graphiques de la Bourse Mart Resources