Mart Resources fka MMT (MMT)

[Southern Gal]

CALGARY, ALBERTA--(Marketwired - June 26, 2013) - Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") is pleased to make the following announcements.

Declaration of $0.05 per Common Share Dividend
Mart announces the declaration of a quarterly dividend of $0.05 per common share. The dividend is payable on July 18, 2013 to shareholders of record at the close of business on July 10, 2013. The ex-dividend date is July 16, 2013.

Pursuant to the Company's dividend policy, the declaration of quarterly dividends is determined quarterly based upon Mart's cash flows, liquidity, capital expenditure budgets, earnings, financial condition and other factors as the Board of Directors may consider appropriate from time to time.
Satisfaction of Drawdown Conditions for US$100 million Secured Term Loan Facility

Mart, through its wholly-owned Nigerian subsidiary, has satisfied all conditions relating to the initial drawdown of funds under its previously announced US$100 million secured term loan facility with Guaranty Trust Bank PLC. An initial drawdown of US$25 million will be used to fund Umusadege field development activities, Mart's share of costs for the construction of the Umugini pipeline and for general working capital requirements.

The secured term loan facility is comprised of a US$75 million, 5-year term loan facility and a US$25 million, 1-year revolving loan facility and has a term of five years and bears interest at 90 days LIBOR plus 4% (floor of 8.25%).