Polo Resources Limited announced the appointment of Gary Norman Lye as a Non-Executive Director of the company with immediate effect. Gary Lye (aged 61) has over 40 years' experience in natural resources having held senior positions with several leading mining companies. He is currently CEO of Asia Energy Corporation (Bangladesh) Pty Ltd. where he is COO.

From 1994 - 2003 he was with Kalgoorlie Consolidated Gold Mines Pty Ltd. as manager of strategic mine development at their Super Pit operations in Kalgoorlie, Western Australia. The company also announced that Gary Good has decided to step down as Chief Financial Officer of the company. Gary Good will remain as a special advisor and commercial director to a number of the company's investments.

He is replaced as CFO by James Hobson, a Fellow of the Institute of Chartered Accountants in Australia who has 15 years' finance and corporate experience, predominantly in natural resources and international development, including eight years in the AIM environment. He is currently CFO and Company Secretary of GCM Resources plc.