CALGARY, ALBERTA--(Marketwire - Feb. 16, 2012) - Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") is pleased to announce that it has been recognized for the second consecutive year by the TSX Venture Exchange as one of the TSX Venture 50® companies in 2012.
The 2012 TSX Venture 50® is a ranking of strong performers on TSX Venture Exchange. It is comprised of ten companies from each of the following five sectors: Mining, Oil & Gas, Diversified Industries, Clean Technology and Technology & Life Sciences. The companies were ranked based on the following criteria, with equal weighting assigned to each: market capitalization growth, share price appreciation, trading volume and analyst coverage. All data analysed was as of December 31, 2011.
Wade Cherwayko, Chief Executive Officer of Mart commented "We are very honoured that Mart has again been included in the TSX Venture 50® in 2012 and recognized as a company that has stood out and excelled in Canada's public venture market."
ABOUT MART RESOURCES:
Mart is an independent, international petroleum company focused on drilling, developing and producing oil and gas from low-risk proven 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 Resources, Inc. was recognized as a TSX Venture 50® company in 2011 and 2012. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.
Additional information regarding Mart is available on the Company's website at www.martresources.com and under the Company's profile on SEDAR at www.sedar.com.
Investors are also welcome to contact one of the following investor relations specialists for all corporate updates and investor inquiries:
FronTier Consulting Ltd.
Mart toll free # 1-888-875-7485
Attn: Sam Grier or Caleb Gilani
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.