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Polo Resources Ltd (POL)

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Friday 11 January, 2008

Polo Resources Ltd

Substantial Shareholder

Polo Resources Limited
11 January 2008

For immediate release                                            11 January 2008

                              POLO RESOURCES LIMITED
                        ("Polo Resources" or the "Company")

                              Substantial Shareholder

The Company were informed on 7 January 2007 by Libra Advisors LLC that as at 19
December 2007 Libra Fund LP and Libra Offshore Ltd together hold 45,450,000
Ordinary Shares in the Company, representing a total holding of 10% of the 
Company's voting share capital.


For further information, please contact:

Polo Resources Limited           
Guy Elliott, Non-Executive Chairman        +1 941 284 5954
Suresh Hiremath, Finance Director          +44 (0) 20 7586 4629

Beaumont Cornish Limited                   Tel +44 (0) 20 7628 3396
Roland Cornish
Rosalind Hill Abrahams

                      This information is provided by RNS
            The company news service from the London Stock Exchange