Polo Resources Limited ('Polo Resources' or 'the Company') TR1 Notification

TORONTO, July 20 /CNW/ - The Company (AIM andTSX: POL) was notified on 19 July 2010 by Weiss Asset Management LP of the following interests in the ordinary share capital of Polo Resources (VGG6844A1075).

    
    Reason for notification - An acquisition or disposal of voting rights

    Full name of person(s) subject to the notification obligations - Weiss
    Asset Management LP

    Full name of shareholder if different - Brookdale International Partners
                                            LP,
                                            Brookdale Global Opportunity Fund

    Date of Transaction:                                     16 July 2010

    Threshold crossed or reached                             greater than 5%

    Situation previous to the triggering transaction:

    Number of Shares:                                        99,597,841

    Number of Voting Rights:                                 99,597,841

    Resulting situation after the triggering transaction:

    Number of Shares:                                        143,997,841

    Number of Voting Rights (Direct):                        143,997,841

    Number of Voting Rights (Indirect):                      n/a

    Percentage of Voting Rights (Direct):                    6.2%

    Percentage of Voting Rights (Indirect):                  n/a
    

For further information: Polo Resources Limited: Neil Herbert, Executive Co-Chairman, Tel: [phone]; Canaccord Genuity Limited: Ryan Gaffney, Bhavesh Patel, Tel: [phone]; Financial Dynamics: Ben Brewerton, Edward Westropp, Tel: [phone]