Largo Resources Ltd.
TSX VENTURE : LGO

Largo Resources Ltd.

March 22, 2007 15:14 ET

Largo Announces Addition to Management Team and Advisory Board

Brazil-based Kurt Menchen appointed to Management team, Natal Mendes joins advisory board

TORONTO, ONTARIO--(CCNMatthews - March 22, 2007) - Largo Resources Ltd. (TSX VENTURE:LGO) is pleased to announce that Brazil-based and former Desert Sun mining executive Kurt Menchen has been appointed to Largo's management team as General Manager of Brazilian operations. Kurt's mandate is to oversee the on-the-ground development of the company's Maracas Vanadium-PGM project in Bahia.

Currently a member of the advisory board, Kurt was Vice President of Operations for Desert Sun Mining in Brazil. He is a seasoned mining engineer with over 30 years of experience. He joined Desert Sun in 2001 as Exploration Manager in Brazil and oversaw Jacobina's re-development and operations right up until the acquisition of the asset by Yamana Resources last year.

Largo is also pleased to announce that Mr. Natal Mendes (also based in Brazil) has agreed to join the company's advisory board. A senior Consultant to the Mining and Oil & Gas Industries, Natal is a geologist with more than 40 years of experience. He graduated in 1966 from the Federal University of Bahia, Brazil, and got an MBA from the Sloan School of Management at MIT in 1974. Natal worked for more than 25 years as senior executive of the Odebrecht Group, the largest contractor and petrochemical producer in Latin America, with senior assignments in the UK, USA, South America and West Africa. Besides his consulting activities, Natal is presently also a Director of Brasoil do Brasil Exploracao Petrolifera S.A., a newly formed independent Exploration & Production company in Brazil.

Largo President and CEO, Mark Brennan, remarked "We are excited to have Kurt fully engaged with Largo in Brazil and to have Natal's able assistance on our advisory board. Both gentleman have an impressive amount of experience in Brazil as well as globally, and they will help us considerably to advance the important exploration and development work that lies ahead at our exciting Maracas Vanadium-PGM project in Bahia."

Largo Resources is a Canadian natural resource development and exploration company with two advanced stage projects: the Northern Dancer Tungsten-Molybdenum deposit in the Yukon and the Maracas Platinum-Vanadium deposit in Brazil. Largo also has a large (60,000 hectare) land position and prospective gold exploration properties in Ecuador; one of which, the 5,000 hectare Macuchi property, is under option to Aur Resources Inc. The company is listed on the TSX Venture Exchange under the symbol LGO.

Disclaimer

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Largo Resources Ltd.
    Mark Brennan
    President & CEO
    (416) 861-5886
    or
    Largo Resources Ltd.
    Tony LaMantia
    Corporate Development
    (416) 861-5882
    Website: www.largoresources.com