Polo Resources Limited – Changes to the Board

Hamilton, Bermuda – 17 October, 2013 – Polo Resources Limited ("Polo" or "the Company"; Tickers: AIM: POL and BSX: POL.BH), the natural resources investment company with interests in gold, oil and gas, coal and iron ore, today announces that Stephen Dattels, formerly Non-Executive Co-Chairman has retired from the Company.

Michael Tang currently Executive Co Chairman assumes the role of Executive Chairman.

Michael Tang, said: “Stephen was a founder director and until recently a driving force behind Polo’s enviable track record of delivering shareholder returns. I would like to thank Stephen for the enormous contribution he has made to Polo’s success and wish him well in his retirement.”

Stephen Dattels, said, “Stepping down from Polo will give me the chance to spend more quality time with my family as well as allow me to focus on my private investment and personal projects. I leave the Company as it moves into a new era knowing that Michael and the team will work hard to enhance shareholder value and am sure that Polo has a bright future”.

Polo expects to make a further announcement concerning further strengthening of the board in due course.

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. For further details on Polo Resources please see our website: www.poloresources.com

For further information, please contact:

Polo Resources Limited

Ian Burns, Finance Director                +27 787 312 919

ZAI Corporate Finance Ltd (nominated adviser)

Ray Zimmerman, Peter Trevelyan-Clark,

Steve Feng                                         +44 (0) 20 7060 2220

Liberum Capital

Tim Graham, Thomas Bective           +44 (0) 20 3100 2000

Blythe Weigh Communications

Tim Blythe, Robert Kellner                 +44 (0) 207 138 3204