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Marret Resource Corp. Releases Q3 2012 Financial Statements

TORONTO, ONTARIO -- (Marketwire) -- 11/13/12 -- Marret Resource Corp. (TSX:MAR) ("Marret" or the "Company") announces that it has reported a total comprehensive income for the quarter ended September 30, 2012 of $4.1 million. The improved performance resulted from a better resource market and from the Company's portfolio shift to high yield fixed income positions. As of September 30, 2012, the Company had total assets of $140.0 million, liabilities of $32.7 million, shareholders' equity of $107.3 million and a net asset value per share of $5.53. The financial statements along with management's discussion and analysis can be found on SEDAR (www.sedar.com) or on Marret's website (www.primarycorp.ca).

The Company's investment manager fundamentally views resource securities (equity and debt) as one of the very few sectors in the world where valuations are attractive. The actions of the world's Central Banks have forced large amounts of capital into risk assets - equities and corporate debt - creating valuations that exceed the fundamentals of most large "safe" companies. The resource sector has not followed this trend as commodity prices have been weak. The Company's investment manager believes China is slowing and markets are beginning to build in a hard landing for China. While the Company's investment manager accepts that China is in a leadership transition and that inventories are at elevated levels, it does not ascribe to the hard landing scenario and expect inventories to normalize over the next 2-3 quarters.

The Company's investment manager believes that the portfolio is defensively, but positively positioned for the current macro environment and that the resource sector as a whole is very cheap relative to other sectors but may take a couple of quarters to rebound. The Company's investment manager will be looking to slowly add equity risk to the portfolio and continue to evaluate several promising debt with warrants transactions. More exposure to the precious metals area has been added to the portfolio as the Company's investment manager expects bullion prices to move aggressively higher in 2013.

About Marret Resource Corp.

Marret Resource Corp. is focused on natural resource lending. The Company's business is primarily directed to investing in public and private debt securities of and making term loans (including bridge and mezzanine debt) to issuers in a broad range of natural resource sectors, including energy, base and precious metals and other commodities, and issuers involved in exploration and development, and may also include financing other resource-related businesses and investing in public and private equity and quasi-equity securities. The Company seeks to generate income mainly from its lending activities, while taking advantage of additional upside through equity participation in the companies which it finances.

Marret Asset Management Inc. is the Company's investment manager and is responsible for implementing Marret Resource Corp.'s investment strategy and managing its investment portfolio.

About Marret Asset Management Inc.

Marret Asset Management is an employee-owned firm based in Toronto and has over $6.0 billion of assets under management. Marret Asset Management and its experienced team of investment professionals led by Barry Allan specialize exclusively in fixed income and, particularly, in high yield debt strategies.

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Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the Company's investment and macroeconomic views. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such risks include, but are not limited to, market conditions and the other risks identified in the short form prospectus dated June 23, 2011 and the Company's annual information form, in both cases under the heading "Risk Factors". There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Contacts:
Marret Resource Corp.
Barry Allan
Chief Executive Officer
416.214.5800

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