Mart Annnounces a 56% Increase in 2010 Year End Proved Reserves

Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") is pleased to
announce the results of independent reserve evaluations of the Company's
reserves effective December 31, 2010 and the filing on SEDAR of its Statement of
Reserves Data and Other Oil and Gas Information as prescribed by National
Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities.




2010 Highlights:                                                            
                                                                            
Year-end 2010 Reserve Highlights of Mart's Interest:                        

--  Mart's total gross proved ("1P") oil reserves in the Umusadege field
    increased 56% to approximately 9.6 million barrels of oil ("bbls")
    compared to 6.1 million bbls at December 31, 2009; 
--  Mart's total gross proved plus probable ("2P") oil reserves in the
    Umusadege field increased 38% to approximately 12.9 million bbls
    compared to 9.4 million bbls at December 31, 2009; 
--  Mart's total gross proved plus probable plus possible ("3P") oil
    reserves in the Umusadege field increased 30% to approximately 20.1
    million bbls compared to 15.5 million at December 31, 2009; 
--  Mart's share of total Umusadege field sales volume in 2010 before
    royalties was approximately 975,000 bbls (921,000 bbls after royalties),
    at an average price of US$80.38 per barrel; 
--  Mart's net present value before tax of future net revenue, discounted at
    10%, from the 2P Umusadege field reserves established at US$536 million
    as at December 31, 2010; 
--  Mart's total 2P reserves from the Qua Ibo field remained the same at
    approximately 9.7 million bbls. 



The 1P, 2P and 3P reserves figures and net present value of future net revenue
contained in the 2010 Highlights provided above, have been calculated in
compliance with Canadian National Instrument 51-101 - Standards of Disclosure
for Oil and Gas Activities ("NI 51- 101") and the Canadian Oil and Gas
Evaluation Handbook ("COGEH") and have been derived from the data contained in
the Company's Form NI 51-101F1 - Statement of Reserves Data and Other Oil and
Gas Information dated April 30, 2011 (effective December 31, 2010) filed on
SEDAR (www.sedar.com) and on Mart's website, www.martresources.com. 


Wade Cherwayko, Chairman and CEO of Mart Resources, Inc., said "We are extremely
pleased to announce record levels of reserves and continued strong production in
2010 which was obtained through successful development and appraisal of new
reserves and successful management of existing reserves. In 2011, Mart and our
co-venturers are focused on continuing to grow reserves and production through
development and appraisal drilling and reservoir management in the Umusadege
field."


The following table summarizes Mart's 2010 year-end gross and net after royalty
reserves. Also shown in the following table, for comparative purposes, are
Mart's net after royalty reserves for year-end 2009.




Summary of Oil and Gas Reserves                                             
Using Forecast Prices and Costs                                             
                                                                            
                       Mart Gross          Mart Net          Mart Gross     
                     Reserves(1)(3)     Reserves(1)(3)     Reserves(2)(3)   
Light and Medium        12/31/10           12/31/10           12/31/09      
 Oil                     (mbbl)             (mbbl)             (mbbl)       
----------------------------------------------------------------------------
Reserves                          Qua                Qua                Qua 
 Category(4)        Umusadege   Ibo(5) Umusadege   Ibo(5) Umusadege   Ibo(5)
                   ---------------------------------------------------------
Proved                                                                      
 Developed                                                                  
  Producing             2,105       -      1,993       -      1,393       - 
 Developed Non-                                                             
  Producing                 -       -          -       -          -       - 
 Undeveloped            7,527       -      7,070       -      4,781       - 
Total Proved            9,632       -      9,063       -      6,174       - 
Total Probable          3,315   9,745      2,980   8,969      3,203   9,835 
Total Proved plus                                                           
 Probable              12,947   9,745     12,043   8,969      9,377   9,835 
Total Possible          7,188  19,951      6,461  18,615      6,172  20,232 
Total Proved plus                                                           
 Probable plus                                                              
 Possible              20,135  29,696     18,504  27,584     15,548  30,067 
                                                                            
Notes:                                                                      
(1) The information contained herein for the Umusadege field has been       
    derived from a reserve report dated April 19, 2011 (effective as of     
    December 31, 2010) prepared by RPS Energy Canada Inc. ("RPS"). The      
    information contained herein for the Qua Ibo field has been derived from
    a reserve report dated April 4, 2011 (effective December 31, 2010)      
    prepared by Chapman Petroleum Engineering Ltd. ("Chapman").             
(2) The information contained herein for the Umusadege field has been       
    derived from a reserve report dated April 28, 2010 (effective as of     
    December 31, 2009) prepared by RPS. The information contained herein for
    the Qua Ibo field has been derived from a reserve report dated April 21,
    2010 (effective December 31, 2009) prepared by Chapman.                 
(3) Gross Reserves means Mart's working interest share of total field       
    reserves after deducting reserves volumes owned by others but before    
    deducting reserves attributable to government and third party royalties 
    and income taxes or their equivalent. Net Reserves means Mart's working 
    interest share of total field reserves after deducting reserves volumes 
    owned by others and after deducting reserves attributable to government 
    and third party royalties but before income taxes or their equivalent.  
(4) All reserves definitions utilized herein are as set out in the Canadian 
    Oil and Gas Evaluation Handbook ("COGEH").                              
(5) As at December 31, 2010, Mart continued to hold a participation interest
    in the Qua Ibo field. Mart has no near-term plans to develop the Qua Ibo
    field and is in discussions with the Nigerian field owner regarding a   
    farm-out, sale, transfer or assignment of its participation interest in 
    the Qua Ibo field.                                                      



ABOUT MART RESOURCES:

Mart Resources Inc. is an independent, international petroleum company focused
on drilling, developing and producing oil and gas from low-risk proved petroleum
properties in Nigeria, West Africa. The Company is currently producing and
developing the Umusadege field along with Midwestern Oil and Gas Co. Plc (the
Operator of the field) and SunTrust Oil Ltd. Mart also owns two land drilling
rigs, has strong local relationships and experience and is evaluating additional
proved undeveloped opportunities in Nigeria.


Additional information regarding Mart Resources, Inc. is available on the
company's website at www.martresources.com.


Information Regarding Reserves and Net Present Value of Future Net Revenues

All information contained in this press release regarding reserves and the net
present value of future net revenue has been derived from the Company's Form
51-101 F1-Statement of Reserves Data and Other Oil and Gas Information for the
year ended December 31, 2010 ("Statement of Reserves Data") which report, along
with the Form 51-101F2-Report on Reserves Data and Form 51-101F3-Report of
Management and Directors on Reserves Data and Other Information are available
for review at www.sedar.com and on the Company's website at
www.martresources.com. 


Forward Looking Statements

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, information regarding the reserve estimates attributable to
Mart's oil and gas properties should be considered as forward looking
statements, as they involve the implied assessment, based on certain estimates
and assumptions, that the reserves described exist in the quantities predicted
or estimated and that the reserves can be profitably produced in the future.
Readers are referred to the heading "Forward Looking Statements" in the
Company's Statement of Reserves Data for a more detailed discussion of risks
associated with forward looking statements. In addition, past production
performance, sales volumes and prices from Mart's Umusadege field are not
necessarily indicative of future performance, sales volumes and prices.


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 not 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.