Mart Resources, Inc.: UMU-11 Well Update and Pipeline and Export Facility Losses Update

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 (together "the Co-venturers") are
pleased to announce an update for the UMU-10 well, and provide the following
update on Umusadege field operations. 


UMU-11 Well

The UMU-11 well reached a final total drilling depth of approximately 8,910 feet
on September 27, 2013. The next phase of operations will include open hole well
logging, conducting pressure surveys on prospective zones, and acquiring fluid
samples. Well operations will then continue with running 9 5/8 inch casing in
the open hole. The primary objectives of the UMU-11 well are to appraise and
produce the proven oil reservoirs encountered but not completed in the UMU-9 and
UMU-10 wells. The completion and testing of UMU-11 is expected to take
approximately 30-45 days.


Pipeline and Export Facility Losses

Mart and its co-venturers are working with the Nigerian Department of Petroleum
Resources and Agip to reconcile the rate and calculation of the ongoing pipeline
and export facility losses. Additional data has been requested in connection
with the recent increases in the rate of pipeline and export facility losses, as
well as more detailed information regarding the calculation and distribution of
the losses among the affected parties that inject production into the Agip
pipeline. Mart will be proactively monitoring this situation and will provide
additional information as it becomes available.


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 bopd, 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 the Company will be able to
successfully test theUMU-11 well or commercially produce, transport or sell oil
from the UMU-11 well (or any one or more of the sands identified by the UMU-11
well). There is no assurance that pipeline and export facility losses will not
continue in the future. Such losses could be material. Statements (express or
implied) regarding the ability of the Company to successfully complete, test and
commercially produce, transport and sell oil from the UMU-11 well (or any one or
more of the hydrocarbon sands identified by the UMU-11 well), should all be
viewed as forward-looking statements. The well log interpretations indicating
hydrocarbon-bearing sands are not necessarily indicative of future production.
There is no assurance that reserves will be assigned to such hydrocarbon bearing
sands. In addition, there is no assurance that there will not be future
disruptions of the AGIP pipeline or that future repairs will not be required.
Any future disruptions will materially and adversely affect the ability of the
Company to transport, deliver and sell its crude oil production from the
Umusadege field. Statements (express or implied) concerning the allocation of
export and pipeline capacity to the Umusadege field from their party pipeline
owners, should also be viewed as forward looking statements. 


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.


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


Mart's London, England office
Dmitri Tsvetkov
+44 207 351 7937
dmitri.tsvetkov@martresources.com
www.martresources.com


Canada
Sam Grier
403-270-1841 or toll free 1-888-875-7485
Mart Resources (TSXV:MMT)
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