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27 January 2010

Polo Resources Limited

('Polo Resources' or 'the Company')

Holdings in Company - Correction

This announcement replaces the announcement issued yesterday and corrects the transaction date which was previously stated as 25 January 2010.

The Company (AIM: PRL) was notified on 26 January 2010 by Regent Pacific Group Limited of the following interests in the ordinary share capital of Polo Resources (VGG6844A1075).

Reason for notification -  An acquisition or disposal of voting rights

                                                - An acquisition or disposal of instruments with similar economic effect to qualifying 

                                                  financial instruments

Full name of person(s) subject to the notification obligations - Regent Pacific Group Limited 

Full name of shareholder (s) - Regent Pacific Group Limited

Date of Transaction:	26 January 2010
Threshold crossed or reached	4%
A: Voting Rights attached to shares
Situation previous to the triggering transaction:
Number of Shares:	Nil
Number of Voting Rights:	Nil
Resulting situation after the triggering transaction:
Number of Shares:	102,040,000
Number of Voting Rights (Direct):	102,040,000
Number of Voting Rights (Indirect):	Nil
Percentage of Voting Rights (Direct):	4.35%
Percentage of Voting Rights (Indirect):	Nil

B: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction:

Type of Financial Instrument                                                                                                                  Contracts for Difference

Number of Voting Rights Instrument refers to                                                                                                                          Nil

Total (A+B)

Number of Voting Rights                                                                                                                                                   102,040,000  

Percentage of Voting Rights                                                                                                                                                        4.35%

Contacts:

Polo Resources Limited Neil Herbert, Managing Director	Tel: +27 82 404 36 37
Canaccord Adams  Mike Jones Ryan Gaffney	Tel: +44 (0) 207 050 6500
Financial Dynamics Ben Brewerton Edward Westropp	Tel: +44 (0) 20 7831 3113

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