Largo Resources Ltd.
TSX VENTURE : LGO

Largo Resources Ltd.

November 30, 2006 16:05 ET

Largo Appoints Kurt Menchen to Advisory Board

Former Desert Sun, Brazil-based mining executive to assist with the development of Largo's Maracas Vanadium-PGM district in Bahia

TORONTO, ONTARIO--(CCNMatthews - Nov. 30, 2006) - Largo Resources Ltd. (TSX VENTURE:LGO) is pleased to announce the appointment of Mr. Kurt Menchen to its advisory board.

Most recently Vice President of Operations for Desert Sun Mining (DSM) in Brazil, Kurt is a seasoned mining engineer with over 30 years experience. Graduating in 1975 from Federal University of Rio Grande do Sul in Brazil, he helped explore and develop the Jacobina Prospect for Anglo American in 1976 - 1977. In 1978 and 1979 he was seconded to Anglo's diamond operations in Angola where he acted as Mine Superintendent and Planning Officer.

Mr. Menchen returned to Brazil in 1980 to join the Anglo American team as General Manager to open up the Jacobina Mine, initially as a 25,000 TPM operation. He participated in the expansion to 75,000 TPM of the plant and mine (both underground and open pit). In 1995 he left Anglo to pursue other business interests in Brazil.

In 1998 he joined William Resources as Mine Manager on the same property and later acted as General Manager until the mine closed, at which time he supervised the mine closure as well as the ongoing cared and maintenance.

In July 2001, he joined DSM as Exploration Manager in Brazil and oversaw Jacobina's re-development and operations right up until the acquisition of the asset by Yamana Resources earlier this year.

Largo President and CEO, Mark Brennan, remarked "We are excited to have Kurt join us. Kurt joins our advisory board at a critical juncture, following our recently announced NI 43-101 inferred resource for the Gulcari "A" deposit, one of four known vanadium deposits in the Maracas district. Kurt will provide a steady hand for Largo in Brazil to help guide the scoping and development work that lies ahead as we expand this exciting resource."

About Largo

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 Vanadium-PGM 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.

For more information please refer to Largo's website: www.largoresources.com.

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