Mart Resources, Inc.: Operations and Production 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 are providing the following updates on
Umusadege field production for November 2013 and other operations.


November 2013 Production Update

Umusadege field production during November 2013 averaged 10,263 bopd. Umusadege
field downtime during November 2013 was approximately 6.0 days due mainly to
maintenance and repairs on the export pipeline performed by the pipeline
operator, Nigerian Agip Oil Company Limited ("NAOC"). Testing operations for the
UMU-11 well also contributed to some of the downtime in November. The average
field production based on producing days was 12,801 bopd in November 2013.


Total net crude oil deliveries into the export pipeline from the Umusadege field
for November 2013 were approximately 286,900 bbls before pipeline losses.
Pipeline and export facility losses reported by NAOC and allocated to Mart and
its co-venturers for October 2013 were 108,375 bbls, or 33.3% of total crude oil
deliveries into the export pipeline. November 2013 pipeline and export facility
losses have not yet been reported by NAOC. Pipeline and export facility losses
have averaged 25.3% for the first ten months of 2013. 


NAOC has been unable or unwilling to provide the marginal field companies that
produce through the Umusadege export facility ("Cluster Group") with an
explanation for the basis for the pipeline and export facility losses or for the
reasons for the fluctuations in allocated pipeline losses. The Cluster Group
disputed the allocation of the losses and requested the formal involvement of
the Department of Petroleum Resources ("DPR"). As a result of a meeting in
November 2013 that included the DPR, NAOC and representatives from the Cluster
Group, a committee including all involved and affected parties has been set up.
Suspension of the allocation of pipeline and export facility losses to the
Cluster Group has been imposed until the pipeline loss allocation issues are
resolved.


December 2012 Production Disruptions

Mart was informed of maintenance being performed on its export pipeline, causing
the pipeline operator to temporarily close the pipeline on December 6, 2013. As
a consequence, all Umusadege field production shipped through the NAOC export
pipeline was shut in from December 6, 2013 until December 24, 2013 while NAOC's
completed maintenance operations. Shipment of production from the Umusadege
field through the NAOC pipeline resumed on December 24, 2013.


Umusadege Water Disposal Well

A drilling rig provided by an independent third-party company is on site and
preparing for operations to drill and complete a water disposal well. The well
will be located at the surface site of the UMU-3 well, drilled from a newly
constructed cement pad. The water disposal well is being drilled under contract
by Centurion Drilling Limited, and is expected to be completed by the end of
January 2014. The water disposal well will be used to dispose of water from the
producing wells in the Umusadege field and will improve the efficiency of
managing all ongoing water production from the field.


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 there will not be future disruptions
of the NAOC 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 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 pipeline and export facility losses
will not continue in the future. Such losses could be material.


No assurance can be provided on the timing of completion of the water disposal
well or when the well will be available for water disposal for the Umusadege
field. 


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.


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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