Mart Resources Inc MAUXF

UMU-9

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Mart Resources, Inc.: UMU-9 Identifies 260 Feet of Cumulative Oil Pay21 minutes ago - ACQUIREMEDIACALGARY, ALBERTA--(Marketwire - Dec. 20, 2011) - 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 the following update on the UMU-9 well.The UMU-9 well commenced drilling operations on November 18, 2011 and is currently at a depth of approximately 8,311 feet, concluding the intermediate vertical section of the well. Open-hole wireline logs have been run with results indicating a total of 11 hydrocarbon-bearing sands. The well logs indicate a cumulative gross oil pay of approximately 260 feet in the 11 sands encountered by the well to date.The next phase of operations will include 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 bottom hole deviated section of the well will then be drilled with an 8 1/2 inch hole to total measured depth of approximately 11,000 feet to explore the deeper untested targets (including the C0 sand) while running a measurement while drilling ("MWD") tool followed by a logging while drilling ("LWD") tool to evaluate the potential hydrocarbon bearing sands.CHAIRMAN'S COMMENT:Wade Cherwayko, Chairman & CEO of Mart Resources, Inc., said "We are very encouraged with the initial open hole well log results in the UMU-9 well. These initial results indicate the potential extension of numerous shallow reservoirs discovered in previously drilled Umusadege wells and demonstrate the upside of the Umusadege field."