Largo Resources Ltd.

Largo Resources Ltd.

March 22, 2005 10:04 ET

Largo Appoints Mark Brennan President and CEO


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: LARGO RESOURCES LTD.

TSX VENTURE SYMBOL: LGO

MARCH 22, 2005 - 10:04 ET

Largo Appoints Mark Brennan President and CEO

TORONTO, ONTARIO--(CCNMatthews - March 22, 2005) - Largo Resources Ltd.
(TSX VENTURE:LGO) announced today the appointment of Mark Brennan to the
position of President, CEO and a Member of the Board of Directors.
Outgoing President and CEO, David Meyer and outgoing Board Member,
Godfrey Walton will become consultants to the Company.

Mr. Brennan was a founding member of the management team of Desert Sun
Mining Corp. and was instrumental in the development of Admiral Bay
Resources. Mr. Brennan is currently the Chairman of Admiral Bay
Resources Inc. and is also a founding partner of Linear Capital Corp.
Mr. Brennan has been an active participant in the financial community in
North America and Europe for over 15 years. He has extensive experience
in the areas of Institutional Sales, Trading, Corporate Finance,
Corporate Advisory and marketing services. Previously, Mr. Brennan has
acted as a director and a business development consultant to a number of
private and publicly traded companies and held institutional sales
positions at First Marathon UK Ltd. and Richardson Greenshields. Mr.
Brennan holds a Bachelor of Arts (Economics) degree from the University
of King's College.

Commenting on his appointment to Largo, Mr. Brennan stated "I am very
excited about the prospects for Largo. The Macuchi property in Ecuador
is showing early signs of success and we are confident that it should be
a solid foundation on which to build a strong mining Company."

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Largo Resources Ltd.
    Mark Brennan
    President
    (416) 861-5886
    www.largoresources.com
    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
    OR ACCURACY OF THIS RELEASE.