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Marret Resource Corp. Releases Q2 2018 Financial Statements

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TORONTO, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Marret Resource Corp. (TSX:MAR) ("Marret" or the "Company") announces that it has reported a total and comprehensive loss for the three months ended June 30, 2018 of $462,000 or $0.03 per share compared to a loss of $321,000 or $0.02 per share for the same period in 2017.   For the six months ended June 30, 2018, the loss was $612,000 or $0.04 per share compared to a loss of $324,000 or $0.02 per share for the same period in 2017.  As of June 30, 2018, the Company had total assets of $40.4 million, liabilities of $25.0 million, shareholders' equity of $15.4 million and a net asset value per share of $0.87 (including a value of $0.45 per share attributable to the Company's interest in Cline Mining Corp.). The financial statements along with management's discussion and analysis can be found on SEDAR (www.sedar.com) or on Marret's website (www.marret.com).

About Marret Resource Corp.

Marret Resource Corp. is currently 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. 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.

For further information about Marret Resource Corp. and its ongoing business, please contact: Marret Investor Services 416.214.5800

This press release may contain forward-looking statements and information within the meaning of applicable securities legislation. The forward-looking statements are not historical facts but reflect the current expectations of Marret 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 28, 2018. 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.

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