POL.L Regulatory News (POL)

26 May 2011

Polo Resources Limited

("Polo Resources", "Polo" or "the Company")

Directorate Change

Polo Resources Limited (AIM and TSX: POL) is pleased to announce the appointment of Ian Michael Burns to the Board, as Finance Director, which is effective immediately.

Mr. Burns is a fellow of both the Institute of Chartered Accountants in England and Wales and the Chartered Institute for Securities and Investment. He is the founder and Senior Executive Director of Via Executive Limited, a specialist management consulting company and the Managing Director of Regent Mercantile Holdings Limited, a privately owned investment company.

For over twenty years Mr. Burns has specialised in corporate governance, risk management, accounting and administration for companies in a number of industry sectors and is currently a Non-Executive Director of Phaunos Timber Fund Limited, a US$700 million company listed on the London Stock Exchange, as well as several fund management companies engaged in the property, emerging markets and alternative energy sectors. He is licensed as a personal fiduciary by the Guernsey Financial Services Commission.

Previously Mr. Burns was an Executive Director at Anson Fund Management Limited and, prior to that, Group Managing Director of Investec Trust. He is the former Chairman of the Guernsey Association of Trustees and a current member of the Society of Trust and Estate Planners Guernsey committee.

Commenting on Ian's appointment, Neil L. Herbert, Executive Co-Chairman and Managing Director, Polo Resources, said: "We are pleased to be strengthening our Board with the appointment of Ian Burns. His years of experience in the finance sector will be of significant value to the Company as we continue to build on our existing success."

Additional Information

Save as set out below, there is no further details in relation to the above appointment which require disclosure under paragraph (g) of Schedule 2 of the AIM Rules.

The Directorships and past Directorships of Mr. Burns, aged 51 are listed below:

 Directorships in the past five years:

 Current Directorships:

Contacts:

Polo Resources Limited

Neil L. Herbert

Executive Co-Chairman

+ 27 82 404 36 37

Canaccord Genuity Limited

Andrew Chubb / Bhavesh Patel

+ 44 (0) 20 7050 6500

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

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.

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.