Largo Resources Ltd.
TSX VENTURE : LGO

Largo Resources Ltd.

December 14, 2006 07:30 ET

Tim Mann Joins Largo's Management Team as Vice President, Engineering

Seasoned mining engineer to oversee development of the Maracas Vanadium-PGM district 'Brazil' and the Northern Dancer Tungsten-Molybdenum deposit 'Yukon Territory'

TORONTO, ONTARIO--(CCNMatthews - Dec. 14, 2006) - Largo Resources Ltd. (TSX VENTURE:LGO) is pleased to announce that Mr. Tim Mann, P. Eng. has joined its management team.

Tim has extensive international operations and technical management experience in mine engineering, mine development and mine operations with a pedigree that spans close to 40 years including senior roles at SNC-Lavalin, Goldcorp and Placer Dome. His experience includes surface and underground operations, construction for mine expansions and contract administration. Some of his more notable assignments include: feasibility review and basic engineering for Desert Sun's Jacobina mine in Brazil; Director and Vice President of Operations for Goldcorp; and General Manager of Placer Dome's Campbell Mine. Mr. Mann was granted options to purchase 200,000 common shares of the Company at $0.35 per common share, subject to regulatory approval.

Largo President and CEO, Mark Brennan, remarked "I'm really pleased Largo was able to attract a mining engineer of Tim's stature. His addition to the Largo management team is timely, coming as it does with two imminent scoping studies and development efforts for the company's advanced-stage projects (Maracas Vanadium-PGM district in Brazil and the Northern Dancer Tungsten-Molybdenum deposit in the Yukon.) Tim is the right man to lead the important development work that lies ahead."

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.

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".

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