Largo Resources Ltd.
TSX VENTURE : LGO

Largo Resources Ltd.

November 02, 2006 08:00 ET

Largo Resources Announces Inaugural Members to Advisory Board

Senior executives to enhance value for shareholders

TORONTO, ONTARIO--(CCNMatthews - Nov. 2, 2006) - Largo Resources Ltd. (TSX VENTURE:LGO) is pleased to announce that it has established an advisory board to assist the company with strategic business relationships.

Dr. Allen Alper is an accomplished consultant with a thirty year career at Osram Sylvania. He was Vice President and General Manager of Osram's international Chemical and Metallurgical Division for fifteen years. Dr. Alper is an expert in the manufacturing and marketing of Tungsten, Molybdenum and other metals. He will assist Largo on future development of its Northern Dancer Tungsten-Molybdenum and Maracas Platinum-Vanadium assets. Dr. Alper has thirty-three patents, has edited eleven books on high temperature materials and currently is Editor-in-Chief of Metals News.

Bryson Farrill is a senior executive with extensive experience in the financial sector. He was President of McLeod Young Weir Ltd., Chairman of Scotia McLeod (USA) Inc., Chairman of the Investment Dealers Association and most recently has been engaged as a senior partner at Belgravia Financial Ltd., a London based merchant bank. He is a member of the New York Stock Exchange and the FSA. Bryson will work with Largo management on corporate outreach with financial intermediaries in Europe and corporate development globally.

Mark Brennan, Largo's President & CEO, stated "We are excited to have engaged two outstanding professionals with considerable and relevant business experience. Bryson and Allen are welcome additions to Largo's team at this juncture in the Company's development."

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