Mart Resources, Inc.: Operations and Production Update

--  Umusadege field production averaged 10,237 barrels of oil per day
    ("bopd") during May 2014 based on calendar days; average field
    production based on production days was 12,654 bopd during May 2014. 
    
--  Umusadege field net deliveries into the export pipeline were
    approximately 322,086 barrels of oil ("bbls") in May 2014 before
    pipeline losses and approximately 248,115 bbls after deducting pipeline
    and export facility losses estimated by Mart for May 2014 based upon the
    12-month rolling average rate of actual pipeline and export facility
    losses. 
    
--  Pipeline and export facility losses reported and allocated to Mart and
    its co-venturers for April 2014 were 71,643 bbls, or 28.8% of total
    crude oil deliveries into the export pipeline. 
    
--  Aggregate downtime during May 2014 totaled approximately 6.0 days, with
    no full down days during the month. 
    
--  Construction of the Umugini pipeline is substantially complete; hydro-
    testing is under way. 
    
--  Water disposal well drilled and completed in early June. The rig has
    been moved and directional drilling operations for the UMU-3 well
    commenced. 
    
--  Mart is one of the member companies of a consortium that has been
    confirmed as the preferred bidder to acquire an interest in a producing
    Nigerian Oil Mining Lease. 
    
--  Mart defers common share dividend. 
    
--  The 2014 Annual General and Special Meeting will be held on Friday, June
    20, 2014 in Calgary, Alberta. 



Mart Resources, Inc. (TSX:MMT) ("Mart" or the "Company") and its co-venturers,
Midwestern Oil and Gas Company Plc. ("Midwestern", Operator of the Umusadege
field) and SunTrust Oil Company Limited are providing the following updates on
Umusadege field production for May 2014 and other operations.


May 2014 Production Update

Umusadege field production during May 2014 averaged 10,237 bopd. Aggregate
Umusadege field downtime during May 2014 was approximately 6.0 days due mainly
to a shutdown of the Nigerian Agip Oil Company Limited ("NAOC") export pipeline
resulting from a lack of storage capacity at the Brass River export terminal due
to export shipment delays, combined with other minor operational interruptions.
There were no full down days during the month. The average field production
based on producing days was 12,654 bopd in April 2014.


Total net crude oil deliveries into the NAOC export pipeline from the Umusadege
field for May 2014 were approximately 322,086 bbls before pipeline losses. Based
upon the 12-month rolling average rate of pipeline and export facility losses
from May 2013 to April 2014 of 22.97%, Mart estimates pipeline and export
facility losses for May 2014 to be approximately 73,971 bbls. Using this
estimated pipeline and export facility loss volume, the total net crude
deliveries into the NAOC export pipeline from the Umusadege field for May 2014
less estimated pipeline losses is 248,115 bbls.


Pipeline and export facility losses reported by NAOC and allocated to Mart and
its co-venturers for April 2014 were 71,643 bbls, or 28.8% of total crude oil
deliveries into the export pipeline for that month. Pipeline and export facility
losses allocated to Mart and its co-venturers from January to April 2014 have
averaged 14.8% of total crude oil deliveries into the export pipeline for 2014.


As previously announced, total net crude oil deliveries into the export pipeline
from the Umusadege field for April 2014 were approximately 249,056 bbls, so
after deducting the actual pipeline and export facility losses allocated for
April 2014, the total net crude oil deliveries less losses for April 2014 were
177,413 bbls. Mart previously estimated pipeline and export facility losses for
April 2014 to be approximately 55,153 bbls, based upon the 12-month rolling
average rate of pipeline and export facility losses of 22.14% between April 2013
and March 2014. May 2014 pipeline and export facility losses have not yet been
reported by NAOC.


Umugini Pipeline Update

The Umugini pipeline construction is nearing completion. The first 49 kilometres
("km") of the pipeline have been completed and backfilled. Stringing of another
2 km of pipe has been completed and welding, coating, radiograph testing has
been completed on approximately 1 km of this 2 km section. The installation of a
fiber optic cable that is part of the leak detection system has been completed
on 50 km of pipeline. A 23 km section of the pipeline has been fully
hydro-tested and preparation for hydro-testing on the remaining section is in
progress. 


Procurement of materials and equipment required to complete the pipeline
pumping, monitoring and control facilities has been completed in preparation for
hook-up and commissioning of the pipeline. Midwestern, which is managing
construction of the Umugini pipeline, continues to estimate that pipeline
construction will be completed by the end of June 2014. Pipeline commissioning
will occur following completion of pipeline construction and installation of
pipeline pumping, monitoring and control facilities.


Umusadege Drilling Update

The water disposal well was completed during early June, was drilled to a depth
of 6400 feet and was completed in the I sand. The final test injection rate was
over 5000 barrels of water per day at a surface injection pressure of 650 psi.
The good injection rates into the sand will enable improved produced water
management for the Umusadege field. Following completion of the water disposal
well, the rig was skidded to the existing UMU-3 well location. Directional
drilling operations were commenced on June 15, 2014. The UMU-3 well will be
side-tracked into the VI sand with a 700 foot horizontal wellbore at a total
vertical depth of approximately 7151 feet and a total measured depth of about
8549 feet. Completion of directional drilling operations on the UMU-3 well is
anticipated in July 2014. After completing the UMU-3 well operations, the rig is
scheduled to be moved to the UMU-4 location for a horizontal side-track into the
VII sand.


Mart Participates in Consortium for Nigerian Oil Mining Lease

Mart is a member of a consortium (the "Consortium) that has been confirmed as
the preferred bidder to acquire a participating interest in an oil mining lease
(the "Property") being divested by certain multi-national oil companies
currently operating in Nigeria. The Consortium is currently negotiating the
terms and conditions of the acquisition of a participating interest in the
Property and has paid a deposit that will be applied against the acquisition
cost of the Property should the acquisition be completed. Although the
Consortium is the preferred bidder, there is no assurance that the Consortium
will successfully conclude its negotiations to acquire a participating interest
in the Property. The acquisition of a participating interest in the Property by
the Consortium is subject to numerous terms and conditions including Nigerian
government approval. 


Mart Defers Common Share Dividend

Pursuant to the Company's dividend policy, the declaration of dividends is
determined quarterly based upon Mart's cash flows, liquidity, capital
expenditure budgets, earnings, financial condition and other factors as the
Board of Directors may consider appropriate from time to time. In view of Mart's
ongoing drilling program on the Umusadege field, additional capital required for
the possible acquisition of the Property and uncertainty regarding timing of
first oil through the Umugini Pipeline, Mart's Board of Directors have deferred
the decision to declare a quarterly dividend until the Board is able to fully
assess the capital needs for the Company's ongoing business and growth
opportunities.


2014 Annual General and Special Meeting of Shareholders

As previously announced, Mart's Annual General and Special Meeting (the
"Meeting") of Shareholders will be held at 3:00pm on Friday, June 20, 2014 at
the Calgary Petroleum Club. The Meeting will be webcast for shareholders and
others unable to attend the Meeting in person. To listen to the Meeting and view
the meeting presentation materials, please visit the company's website at
www.martresources.com and connect using the link under AGM June 2014 in the
Investor Centre section of the webpage or connect and register directly using
the following link https://webcasts.welcome2theshow.com/martresources2014.com.
The webcast will also be available on the company's website for a period of time
following the Meeting.


The Meeting will also be broadcast by teleconference and to access please dial
403-451-9838 (Local) or 1-888-231-8191 (North American Toll Free) and accessing
conference ID 57624639.


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 there will not be future disruptions
of the NAOC pipeline or Brass River export terminal. 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 third party pipeline owners, should also be viewed as
forward looking statements. Pipeline and export facilities losses are expected
to continue in the future and such losses could be material. There is no
assurance that there will not be adjustments to previously reported pipeline
losses. There is no assurance that the estimates of current month pipeline
losses will reflect actual pipeline losses once reported to the Company by NAOC.
There is no assurance regarding that the completion of the Umugini pipeline will
be completed in the first half of 2014 or that all equipment, agreements or
approvals required to commission, operate or transport oil through the Umugini
pipeline will be received in a timely fashion or at all. There is also no
assurance that the Consortium will successfully conclude negotiations that it
will acquire an interest in the Property. There is no assurance regarding Mart's
participation level in the Consortium or its economic interest in the Property.
Nothing herein is intended to indicate the existence of oil and gas reserves or
resources in the Property.


There is no assurance that future dividends will be declared or the timing or
amount of any future dividend. The payments of dividends or distributions in the
future are within the discretion of Mart's Board of Directors and are dependent
on numerous factors including the Company's cash flow, capital expenditure
budgets, earnings, financial condition, the satisfaction of the applicable
solvency test in the Company's governing statute (the Business Corporations Act
(Alberta)), and such other factors as the Board of Directors may consider
appropriate from time to time. Mart's ability to continue to pay dividends in
the future is also subject to many other factors including falling commodity
prices, repatriation restrictions, disruptions or reductions in production or
collection of receivables following sales of production. Dividend payments to
shareholders will be subject to applicable statutory deductions and tax
withholdings prescribed by applicable law.


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 NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF THE TSX) 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
sam.grier@martresources.com
www.martresources.com
Mart Resources (TSXV:MMT)
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