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

TORONTO, July 21 /CNW/ - The Company (AIM and TSX: POL) was notified on 20 July 2010 by Ingalls & Snyder LLC 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 - Ingalls
    & Snyder LLC

    Full name of shareholder if different - Ingalls & Snyder LLC and Ingalls
    & Snyder Value Partners LP

    Date of Transaction:                                        16 July 2010

    Threshold crossed or reached                                    Under 5%


    Situation previous to the triggering transaction:

    Number of Shares:                                            149,870,000

    Number of Voting Rights:                                     149,870,000


    Resulting situation after the triggering transaction:

    Number of Shares:                                            110,220,000

    Number of Voting Rights (Direct):                            110,220,000

    Number of Voting Rights (Indirect):                                  n/a

    Percentage of Voting Rights (Direct):                              4.69%

    Percentage of Voting Rights (Indirect):                              n/a
    

SOURCE Polo Resources Limited

For further information: For further information: Polo Resources Limited: Neil Herbert, Executive Co-Chairman, Tel: +27 82 404 36 37; Canaccord Genuity Limited: Ryan Gaffney, Bhavesh Patel, +44 (0) 207 050 6500; Financial Dynamics: Ben Brewerton, Edward Westropp, Tel: +44 (0) 20 7831 3113

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Polo Resources Limited

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