TORONTO, ONTARIO--(Marketwired - July 27, 2015) - Marret Resource Corp. (TSX:MAR) ("Marret" or the "Company") announces that it has reported a total comprehensive income for the six months ended June 30, 2015 of $3.9 million or $0.22 per share compared to a income of $3.1 million or $0.16 per share for 2014. For the three months then ended, comprehensive income was $1.2 million or $0.07 per share (2014 - loss of $0.2 million or $0.01 per share). As of June 30, 2015, the Company had total assets of $89.6 million, liabilities of $5.9 million, shareholders' equity of $83.8 million and a net asset value per share of $4.73 (including a value of $0.50 per share attributable to the Company's interest in Cline Mining Corp.).

The Company's shareholders approved an amendment to its articles (the "Amendment") to redeem common shares and return capital to shareholders. The Amendment permits the Company to redeem common shares in July 2015 (the "First Redemption") with a valuation date of June 30, 2015 and in October 2015 (the "Second Redemption", and together with the First Redemption, the "Redemptions") with a valuation date of September 30, 2015. For each Redemption, the Company will redeem common shares on a pro rata basis and immediately following each Redemption, the common shares which remain outstanding following such Redemption will be automatically split on a basis such that the number of common shares outstanding after such stock split is equal to the number of common shares outstanding immediately preceding such Redemption. As previously announced, the First Redemption will have the effect of distributing $44,952,591 in aggregate or $2.5393 per common share on July 31, 2015. The financial statements along with management's discussion and analysis can be found on SEDAR ( or on Marret's website (

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 Inc. is the manager of the Company. 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.

This press release contains forward-looking statements and information within the meaning of applicable securities legislation. Forward-looking statements can be identified by the expressions "seeks", "expects", "believes", "estimates", "will", "target" and similar expressions. The forward-looking statements are not historical facts but reflect the current expectations of Marret Resource Corp. (the "Company") regarding future results or events and are based on information currently available to them. Certain material factors and assumptions were applied in providing these forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements. The Company believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, the Company can give no assurance that the actual results or developments will be realized. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks Factors" in the prospectus or annual information form for the Company, and matters disclosed in the Company's management information circular dated May 20, 2015. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. These forward- looking statements are made as of the date of this press release.

Contact Information:

For further information about Marret Resource Corp.
and its ongoing business, please contact:
Marret Investor Services