Mart Resources Inc MAUXF

update

[Lincoln9]

Mart Resources NEWS RELEASE MART RESOURCES INC. October 10, 2014 UMUGINI PIPELINE AND UMUSADEGE DRILLING UPDATE • The 51-kilometer Umugini pipeline tie-in at the Eriemu flow station and other start-up activities including the pumping of line fill and the inspection of the Umugini pipeline facilities has been completed. Accordingly, the Umugini pipeline is ready for injection of crude oil into the Trans Forcados crude oil export pipeline. The commencement of oil flow through the Umugini pipeline is expected shortly. • The drilling and completion of the UMU-12 well has been completed, including a 1,200 foot horizontal section in the VIII sand. The rig is currently being moved to the drilling pad for UMU-13, a vertical exploration well intended to appraise the east prospect on the Umusadege license. Calgary, Alberta – Mart Resources, Inc. (TSX: MMT) (“Mart” or the “Company”) and its co-venturers, Midwestern Oil and Gas Company Limited (“Midwestern”, Operator of the Umusadege field) and SunTrust Oil Company Limited (“SunTrust”) are pleased to provide the following update regarding the Umugini pipeline in Nigeria. Umugini Pipeline Update The 51-kilometer Umugini pipeline tie-in at the Eriemu flow station and other start-up activities have been completed. The line fill process required to commence shipment of oil to the Trans Forcados crude oil export pipeline and onward to the Forcados oil export terminal and the inspection of the Umugini pipeline facilities by the Operator of the Umugini pipeline was also successfully completed by the end of September 2014. Accordingly, the Umugini pipeline is ready for injection of crude into the Trans Forcados crude pipeline and Shell Petroleum Development Co. of Nigeria’s (“SPDC”) pipeline system connected to the Forcados oil export terminal. The commencement of oil flow will occur following the receipt of the formal authorization of oil injection by the operator of the Trans Forcados export pipeline, which authorization is expected shortly. Umusadege Drilling Update The drilling and completion of the UMU-12 well has been completed. The well was drilled into the VIII sand, landing a 1200 foot lateral drain hole at a measured total depth of 10,010 feet. The average oil column is approximately 40 feet. Clean-up and testing of the UMU-12 well will commence after the rig has been moved off of its current location. The rig is currently being moved to the new UMU East drilling pad to drill UMU-13, an exploration well intended to appraise the eastern prospect on the license. The UMU-13 exploration well is to be drilled as a vertical well to penetrate the crest of the east prospective structure. For more information, please contact Wade Cherwayko or Dmitri Tsvetkov at Mart’s London, England office at # [phone] or by e-mail: [e-mail] or [e-mail]; or in Canada contact Sam Grier at 403-270-1841 or e-mail: [e-mail]. 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.