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An independent oil & gas company focussing on bringing African oil fields into production that are proven but have not yet been developed.

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Management Cease Trade Order Issued

posted on May 01, 2009 02:13PM
May 1, 2009
Mart Resources Inc.: Management Cease Trade Order Issued
CALGARY, ALBERTA--(Marketwire - May 1, 2009) - Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Corporation") announces that the Alberta Securities Commission has issued a management cease trade order ("MCTO") in respect of Mart's Chief Executive Officer and Chief Financial Officer arising out of Mart's inability to file its annual financial statements, management's discussion and analysis and CEO and CFO certificates (collectively, the "2008 Annual Financial Statements") by the filing deadline of April 30, 2009 as prescribed by National Instrument 51-102 - Continuous Disclosure Obligations.

Notwithstanding the issuance of the MCTO, the general investing public continues to be able to trade Mart shares, however, the Corporation's Chief Executive Officer and Chief Financial Officer are not able to trade Mart shares. Mart is now permitted to file 2008 Annual Financial Statements not later than June 30, 2009.

About Mart Resources:

Mart Resources Inc. is an independent, international petroleum company focused on drilling, developing and producing oil and gas from low-risk proven petroleum properties in Africa. The Company owns two drilling rigs, has strong local relationships and has formed joint venture partnerships with indigenous operators in Nigeria. Mart has acquired interests in and begun development of three onshore Nigerian oil fields.
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