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style+AD0-'mso-bidi-font-style:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:6.0pt+ADs- mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-i style+AD0-'mso-bidi-font-style:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Funds Raised to Underpin Aggressive Drilling Program at Marenica Uranium Project, Namibia+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-size: 10.0pt+ADs-mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Further to its announcement of 29 May 2009, international uranium company West Australian Metals Limited (ASX: WME) is pleased to announce that it has secured leading AIM-listed international mining and exploration group Polo Resources Limited (AIM: PRL) as a cornerstone investor in the previously announced +ADw-b style+AD0-'mso-bidi-font-weight:normal'+AD4AJA-9.9 million share placement+ADw-/b+AD4-. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Polo Resources will subscribe for 49.65 million shares (and attaching options) under the placement, which will involve the issue of a total of 82.6 million shares at an issue price of +ACQ-0.12 each with one attaching option exercisable at +ACQ-0.25 by 30 June 2011 for each two shares issued. The balance of the placement is to be subscribed for by institutional or sophisticated investors. Upon completion of the placement Polo Resources will own approximately 11.95+ACU- of the shares on issue.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Polo Resources is focused on investing in or acquiring and developing advanced stage uranium assets and recently acquired stakes in a number of pre-production uranium companies through share placements. Polo?s Executive Director, Mr Stephen Dattels, and its Managing Director, Mr Neil Herbert, have a very strong track record in the uranium sector. Both are ex-+ADw-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family:Georgia'+AD4-Uramin+ADw-/span+AD4APA-/span+AD4- Directors, who sold the company to +ADw-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family:Georgia'+AD4-Areva+ADw-/span+AD4APA-/span+AD4- for US+ACQ-2.7 billion in 2007. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Polo currently has a 9.08+ACU- interest in Extract Resources Limited, operator of the +ADw-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family:Georgia'+AD4-Rossing+ADw-/span+AD4APA-/span+AD4- South uranium discovery in Namibia (located near WME+ADw-span class+AD0-GramE+AD4-?s+ADw-/span+AD4- Marenica Project), has entered into a subscription agreement to acquire up to 19.9+ACU- of A-Cap Resources, which is developing the +ADw-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family:Georgia'+AD4-Letlhakane+ADw-/span+AD4APA-/span+AD4- Uranium Project in Botswana, and holds an 8.93+ACU- interest in Berkeley Resources, a leading uranium explorer and developer in Spain.+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:7.0pt+ADs- mso-bidi-font-family:Georgia+ADs-color:black+ADs-mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Mr. Paul Ingram, a Director of Polo Resources Limited, will join the Board of the Company on completion of the placement. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Mr. Ingram is a geologist with extensive experience in managing major mineral exploration +ADw-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family:Georgia'+AD4-programmes+ADw-/span+AD4APA-/span+AD4- for several publicly listed companies. He has designed and implemented innovative techniques for exploration in remote areas, and has managed projects in countries throughout Australia and East Asia. Mr. Ingram has been involved in mineral exploration and development for over 30 years. He was formerly Managing Director of +ADw-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family:Georgia'+AD4-Menzies+ADw-/span+AD4APA-/span+AD4- Gold Ltd and Exploration Director of Caledon Resources PLC.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-u+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Background +ACY-amp+ADs- Use of Funds+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-The funds raised through the share placement will be used to accelerate the exploration and development of WME+ADw-span class+AD0-GramE+AD4-?s+ADw-/span+AD4- 80+ACU--owned Marenica Project, which is located in the rich +ADw-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family: Georgia'+AD4-Damara+ADw-/span+AD4APA-/span+AD4- Province in Namibia. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-The Marenica Project currently comprises a large, bulk tonnage uranium deposit with a JORC compliant Inferred Resource of +ADw-b style+AD0-'mso-bidi-font-weight:normal'+AD4-111 million tones averaging 140ppm U+ADw-sub+AD4-3+ADw-/sub+AD4-O+ADw-sub+AD4-8+ADw-/sub+AD4- for 34 million pounds of contained U+ADw-sub+AD4-3+ADw-/sub+AD4-O+ADw-sub+AD4-8+ADw-/sub+AD4APA-/b+AD4-. The Project is located in one of Africa?s premier uranium mining jurisdictions, approximately 70km north west of the +ADw-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family:Georgia'+AD4-Rossing+ADw-/span+AD4APA-/span+AD4- Mine, the most productive hard rock uranium mine in the region, and 30km north of the +ADw-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family:Georgia'+AD4-Trekkopje+ADw-/span+AD4APA-/span+AD4- Project, which will be in full production by 2010.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-WME has recently completed a preliminary drilling program primarily for geotechnical, mineralogical and metallurgical testwork to be incorporated in a Scoping Study planned for the latter part of this year. This project area is also considered very prospective for hard rock uranium deposits adjacent to and below the existing resource.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-This potential has recently been confirmed in drilling which intersected primary uranium +ADw-span class+AD0-GramE+AD4-in ?+ADw-/span+AD4APA-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family: Georgia'+AD4-alaskites+ADw-/span+AD4APA-/span+AD4-? +ADw-span class+AD0-GramE+AD4-around+ADw-/span+AD4- the Marenica Dome. Several drill-+ADw-span class+AD0-GramE+AD4-ready ?+ADw-/span+AD4APA-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family:Georgia'+AD4-alaskite+ADw-/span+AD4APA-/span+AD4-? +ADw-span class+AD0-GramE+AD4-targets+ADw-/span+AD4- have been identified. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Work is scheduled to commence immediately as part of an aggressive +ADw-span class+AD0-GramE+AD4-A+ACQAPA-/span+AD4-5 million exploration budget for calendar 2009. +ADw-/span+AD4APA-span style+AD0-'mso-bidi-font-family: Georgia'+AD4-Key activities will include:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span style+AD0-'mso-bidi-font-family:Georgia'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-ul type+AD0-disc+AD4- +ADw-li class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify+ADs-mso-list:l0 level1 lfo1+ADs-tab-stops:list 36.0pt'+AD4APA-span class+AD0-GramE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-a+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4- substantial significant Reverse Circulation (RC) drilling program commencing in mid-July targeting ?+ADw-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family:Georgia'+AD4-Alaskite+ADw-/span+AD4APA-/span+AD4-? primary uranium mineralization within the Marenica Dome+ADsAPA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/li+AD4- +ADw-li class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify+ADs-mso-list:l0 level1 lfo1+ADs-tab-stops:list 36.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-probing of historical drill holes within the resource area as part of a program established by the Company?s resource consultants, SRK Consulting Pty Ltd, to +ADw-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family:Georgia'+AD4-upgrgade+ADw-/span+AD4APA-/span+AD4- the Inferred Resource+ADsAPA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/li+AD4- +ADw-li class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify+ADs-mso-list:l0 level1 lfo1+ADs-tab-stops:list 36.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-an ongoing program of metallurgical testwork to define the best suited process route for the Project+ADs- and+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/li+AD4- +ADw-li class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify+ADs-mso-list:l0 level1 lfo1+ADs-tab-stops:list 36.0pt'+AD4APA-span class+AD0-GramE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-commencement+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4- of a Scoping Study which is designed to accelerate the development of the Project. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/li+AD4- +ADw-/ul+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Commenting on the placement and forthcoming exploration program, WME?s CEO, Mr +ADw-span class+AD0-spelle+AD4APA-span style+AD0-'mso-bidi-font-family:Georgia'+AD4-Joh+ADw-/span+AD4APA-/span+AD4- Young, said: ?We are delighted to have secured Polo Resources, which is a leading strategic player in the global uranium industry, as a cornerstone investor in this share placement. We look forward to their support and input to our forthcoming exploration activities at the Marenica Project.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span class+AD0-GramE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-?This+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4- capital raising is a milestone event for the Company, which will ensure that we are adequately funded to pursue an aggressive exploration and development program to unlock the potential of the Marenica Project during 2009,? +ADw-span class+AD0-GramE+AD4-he+ADw-/span+AD4- continued. +ADw-span class+AD0-GramE+AD4-?We+ADw-/span+AD4- believe that the Marenica asset has outstanding potential and we look forward to an active exploration program in the months ahead.?+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-size:11.0pt+ADs-mso-bidi-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-Information on Polo Resources Limited and be found at www.poloresourcesltd.com.+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-size: 10.0pt+ADs-mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-u+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Termination of Contract+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACIAOw-mso-ansi-language:EN-AU+ADs- mso-fareast-language:JA'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-size:11.0pt+ADs-mso-bidi-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-The Company also advises it has resolved to terminate the contract entered into by the Company on 16 May 2006 with Corporate Admin Services Pty Ltd for the provision of administration services to the Company. This will involve a termination payment of approximately +ACQ-880,000 which will ultimately be funded from the proceeds of the placement.+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-size:11.0pt+ADs-mso-bidi-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-bidi-font-size:11.0pt+ADs-mso-bidi-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b 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