09 February 2015 POLO RESOURCES LIMITED

("Polo" or the "Company")

UPDATE RE WEATHERLY INTERNATIONAL PLC OPTION

Polo Resources Limited (AIM: POL), the natural resources exploration investment company with interests in oil and gas, gold, coal, iron ore, phosphate and copper, announces that it has allowed its right to subscribe for a further 51,984,748 Weatherly International Plc ordinary shares at a Subscription Price of 2.925 pence per share to lapse, unexercised.

For further information, please contact: Polo Resources Limited

Kudzayi Denenga, Investor Relations
+ 27 (0) 787 312 919

ZAI Corporate Finance Ltd (nominated adviser)

Ray Zimmerman, Peter Trevelyan-Clark
+44 (0) 20 7060 2220

Liberum

Christopher Britton
+44 (0) 20 3100 2000

Blytheweigh

Tim Blythe, Halimah Hussain
+44 (0) 207 138 3204

About the Company

Polo Resources Limited is a natural resources investment company focused on investing in undervalued companies and projects with strong fundamentals and attractive growth prospects. For complete details on Polo, refer to: www.poloresources.com.

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