POL.L Regulatory News (POL)

12 September 2011

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

 Dividend Declaration

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."

Contacts:

Polo Resources LimitedNeil L. Herbert, Executive Co-ChairmanIan Burns, Finance Director+ 27 82 404 36 37

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

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

TorontoJames McVicarHeenan Blaikie LLP+1 416 643 6903

Blythe Weigh CommunicationsTim BlytheAna RibeiroMatthew Neal+44 (0) 20 7 138 3204 

About the CompanyPolo 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.