Polo Resources Limited ("Polo" or "the Company") - Holdings in Company

TORONTO, July 26 /CNW/ - Polo Resources Limited (AIM andTSX: POL) was notified on 23 July 2010 by Weiss Asset Management LP ("Weiss") that as of July 23, 2010, Brookdale Global Opportunity Fund and Brookdale International Partners, LP had the following interests in the Company's issued share capital:

    
                   Brookdale International     Brookdale Global Opportunity
                         Partners, LP                     Fund
    -------------------------------------------------------------------------
    Shares Held   170,774,829 Shares (7.4%)     73,189,212 Shares (3.2%)
    CFD's             0 Shares (0.0%)               0 Shares (0.0%)
    Total         170,774,829 Shares (7.4%)     73,189,212 Shares (3.2%)
    

Weiss are investment managers to Brookdale Global Opportunity Fund and Brookdale International Partners, LP and accordingly, Brookdale Global Opportunity Fund and Brookdale International Partners, LP are interested in an aggregate of 243,964,041 ordinary shares representing 10.5 per cent. of Polo's issued share capital.

For further information: Polo Resources Limited, Neil Herbert, Executive Co-Chairman, + 27 82 404 36 37; Canaccord Genuity Limited, Ryan Gaffney, Bhavesh Patel, + 44 (0) 20 7050 6500; Toronto, James McVicar, Heenan Blaikie LLP, [phone]; Financial Dynamics, Ben Brewerton, Ed Westropp, + 44 (0) 20 7831 3113