Polo Resources Limited ("Polo Resources", "Polo" or "the Company") - Polo
confirms special dividend

TORONTO, Aug. 13 /CNW/ - Polo Resources Limited (AIM andTSX: POL) is pleased to confirm that the Board has declared a special dividend to shareholders of 3 pence per share. Shareholders holding their shares through the Canadian share register will receive the Canadian dollar equivalent, being Canadian $0.0484 per share determined based on the prevailing exchange rate on August 5, 2010, the date of declaration of the special dividend. The timetable for the Special Dividend is as follows:

    
    Record Date                                            20 August 2010

    Ex-dividend date in respect of the Special Dividend    18 August 2010

    Payment date of the Special Dividend                   27 August 2010
    

About the Company

Polo Resources is a natural resources investment company focused investing in undervalued companies and projects with strong fundamentals and attractive growth prospects. The Company will primarily invest in companies with producing assets and/or resources and reserves that have been verified under internationally recognised reporting standards. For complete details on Polo Resources: www.poloresources.com.

CAUTIONARY STATEMENT

The AIM Market of London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of Polo Resources Limited. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term.

Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Polo Resources Limited assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

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