Mart Resources, Inc. and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited (together "the Co-venturers") announces additional flow rate test results for the UMU-10 well, and provide the following update on Umusadege field operations and progress on the new export pipeline. UMU-10 Well Test Results

The UMU-10 well encountered 479 feet of gross hydrocarbon pay in 20 sands. Six of these sands, XVIIa & XVIIb (commingled), XVIIIa, XIX, XXb, and XXI, have been perforated and completed for production. Any two of these sands can be produced simultaneously using dual string sliding sleeve completion technology. The sands completed in UMU-10 are expected to access 161 feet of the total 479 feet of gross pay in the well.

Flow rate tests conducted during initial testing operations have now been completed on the XVIIa & XVIIb (commingled) sands and the XVIIIa sand. A stabilized flow rate of 3,076 bopd was recorded from the 33 foot (gross pay) XVIIa & XVIIb commingled sands of 49 API gravity oil through 2 7/8 inch tubing (short string) on a 32/64 inch choke at a flowing tubing pressure of 680 psi. Water production has reduced to zero after cleanup with a gas/oil ratio of 125 standard cubic feet per barrel.

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