• April 15, 2009 3:51 PM
  • - Financial
  • - Acquisitions, Mergers & Takeovers
  • - Mining
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Polo Resources Limited acquisition of shares in Extract Resources Limited 

/NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO ANY JURISDICTION
    WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
    JURISDICTION/TORONTO, April 15 /CNW/ - Polo Resources Limited announces that on April
15, 2009 it acquired 250,000 fully paid ordinary shares of Extract Resources
Limited (TSX: EXT ASX: EXT) ("Extract"), through the facilities of the
Australia Stock Exchange at a price of AUS$3.65 dollars per share (or
Cdn.$3.18 based on the Bank of Canada noon rate of Cdn.$0.8699 per AUS$1.00).
These shares, together with shares already owned by certain associates of Polo
Resources, totalling 22,521,700 shares, represent approximately 10.1% of
Extract's fully paid ordinary shares outstanding, based on Extract's public
disclosure. The shares have been acquired for investment purposes. Depending
on market conditions, Polo Resources Limited may acquire additional Extract
fully paid ordinary shares.





For further information: Polo Resources Limited, Craigmuir Chambers,
Road Town, Tortola, British Virgin Islands, VG, 1110, Attention: Neil Herbert,
Deputy Chairman, Tel: +27 11 269 4906