TORONTO, ONTARIO--(Marketwired - Nov. 6, 2013) - Marret Resource Corp. (TSX:MAR) ("Marret" or the "Company") announces that it has reported a total comprehensive income for the three months ended September 30, 2013 of $2.9 million or $0.15 per share (2012 -$4.1 million or $0.21 per share) and a total comprehensive loss for the nine months ended September 30, 2013 of $5.7 million or $0.30 per share (2012 - loss of $5.7 million or $0.29 per share). As of September 30, 2013, the Company had total assets of $111.1 million, liabilities of $13.0 million, shareholders' equity of $98.1 million and a net asset value per share of $5.055. The financial statements along with management's discussion and analysis can be found on SEDAR ( or on Marret's website (

The third quarter was a bounce back period for the resource sectors after a very negative second quarter. The Energy sector continues to outperform the Mining & Materials sector. The TSX Energy Composite gained 6.59% (YTD +7.47%) in Q3 and Mining & Materials rose 4.54% (YTD -27.67%). The Company's portfolio gained 2.98% (YTD -5.34%) a reasonably good result seeing as the portfolio is still heavily weighted towards debt securities for capital preservation and income.

Valuations in the resource sectors, particularly mining, are very attractive and redemptions of resource equity funds have shown signs of peaking. Furthermore, write offs by mining companies are slowing and balance sheets improving. Having noted all of the above, the Company's Manager does not expect a huge rally in mining equities but believes that the downside risk now is small and upside potential is more favorable. Accordingly the Manager expects to look for opportunities to add more equity risk to the portfolio while ensuring that it continues to generate sufficient income to pay the dividend.

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 led by Barry Allan which specializes 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.

Contact Information:

Marret Resource Corp.
Barry Allan
Chief Executive Officer