Mart Resources fka MMT (MMT)

[Southern Gal]

January 20, 2014
NEWS RELEASE
MART RESOURCES, INC.
OPERATIONS AND PRODUCTION UPDATE
• Umusadege field production averaged 5,049 barrels of oil per day (“bopd”) during December 2013 based on calendar days; average field production based on production days was 12,185 bopd during December 2013.
• Umusadege field net deliveries into the export pipeline were approximately 145,800 barrels of oil (“bbls”) in December 2013 before pipeline losses.
• Maintenance performed on the export pipeline from December 6, 2013 until December 24, 2013 caused a temporary shut down of Umusadege field production and downtime during December 2013 totaled approximately 18 days.
• Construction of the Umugini pipeline restarted in December 2013. It is expected that pipeline construction will be completed in the first half of 2014.
• Initial flow testing of the XIX sand for the UMU-10 well has resulted in a flow rate of 2,760 barrels of oil per day (bopd”) of 48.6 API oil.