Polo Resources Limited ("Polo" or "the Company") - Dividend Declaration

TORONTO, Sept. 12, 2011 /CNW/ - Polo Resources Limited (AIM and TSX: POL) announces that, following the announcement on 16 August 2011 to pay a special cash dividend, the ex dividend date has now been set for 21 September 2011, the dividend record date has been set for 23 September 2011, and the payment date has been set for 5 October 2011.

On the payment date, Polo will despatch a cheque to shareholders registered at the record date in satisfaction of payment of the whole dividend amount of 2 pence (or CAD$0.03225 for those shareholders registered on the Canadian register) per ordinary share of no par value in the Company. The dividend of 2 pence (gross) (or CAD$0.03225) per ordinary share will be paid in full without deduction of tax.

Neil Herbert, Executive Co-Chairman and Managing Director of Polo said,

"I am pleased to confirm the 2 pence dividend following completion of the disposal of our interest in Caledon Resources plc.  Progress with our current coal, iron and gold investments, as well as new investments in other resource opportunities, will continue to drive growth."

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. 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.


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
Neil L. Herbert, Executive Co-Chairman
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

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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