Marret Resource Corp. Releases Q2 2015 Financial Statements

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 (www.sedar.com) or on Marret's website (www.marret.com).

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.