Mart Resources, Inc.: Term Loan Facility Increased to $175 Million

Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") is pleased to
announce that it has, through its wholly-owned Nigerian subsidiary, arranged to
increase its existing secured term loan credit facility with Guaranty Trust Bank
PLC from US$100 million to US$175 million. The increased facility is available
to fund field development activities on the Umusadege field, fund Mart's ongoing
working capital requirements on the Umugini pipeline and to provide funds for
potential future Nigerian oil and gas opportunities. The secured loan facility
has a term of five years and bears interest at 90 days LIBOR plus 4% (floor of
8.25%), which is unchanged from the terms of the Company's prior facility with
Guaranty Trust Bank PLC.


Wade Cherwayko, Chairman & CEO of Mart Resources stated: "The increase in the
facility with Guaranty Trust Bank PLC provides Mart with greater financial
flexibility to evaluate and participate in new opportunities in the Nigerian oil
and gas sector." 


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.


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.


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. In
particular, there is no assurance that Mart will secure new opportunities in the
Nigerian oil and gas sector on terms acceptable to Mart or that if Mart does
secure such opportunities, that additional funding will not be required. 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 Resources, Inc. - London, England office
Wade Cherwayko
[phone]
[e-mail]


Mart Resources, Inc. - London, England office
Dmitri Tsvetkov
[phone]
[e-mail]


Mart Resources, Inc. - Canada
Sam Grier
403-270-1841
[e-mail]
www.martresources.com