Polo Resources Limited ("Polo" or "the Company") - Share Buyback

TORONTO, Sept. 21, 2011 /CNW/ - Polo Resources Limited (AIM and TSX: POL) announces that the Board of Directors has resolved to renew its share buy-back programme established in 2010.   The Directors will have the discretion, subject to any legal or regulatory requirements, to buy back up to 10 per cent. of the Company's issued shares over the next twelve months where the price at which the Company's shares trades is at a significant discount to the Company's net asset value.   It is the intention that any shares bought back will be cancelled.

About the Company
Polo Resources is a natural resources investment company focused on investing in undervalued companies and projects with strong fundamentals and attractive growth prospects. 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.

SOURCE Polo Resources Limited

For further information:

Polo Resources Limited
Ian Burns, Finance Director
+ 27 82 404 36 37

Evolution Securities
Matthew Tyler, Romil Patel, Jeremy Ellis
+44 (0) 20 7071 4300

Liberum Capital
Chris Bowman, Tim Graham
+44 (0) 20 3100 2228

Toronto
James McVicar
Heenan Blaikie LLP
+1 416 643 6903

Blythe Weigh Communications
Tim Blythe
Ana Ribeiro
Matthew Neal
+44 (0) 20 7 138 3204

Profil de l'entreprise

Polo Resources Limited

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