Largo Resources Kursrakete

Die Mineralbetriebsmittel, unten dargestellt in Tabelle 1, werden für die gesamte Ablagerung an den unterschiedlichen Abkürzunggraden, sowie für die höhere Gradmolybdänzone berichtet, die innerhalb des gesamten Hilfsmittels eingeschlossen ist. Das geschlossene Mineralhilfsmittel für die gesamte Ablagerung an einem Abkürzunggrad von 0.05% WO3 wird bei 242.0 Million Tonnen 0.10% WO3 und 0.047% MoS2 ordnend geschätzt, die 508.1 Million Pfund enthalten. Wolfram (WO3) und 151.0 Million Pfund. Molybdän (MO). Der Abkürzunggrad wurde gründete durch Vergleich zu den ähnlichen Ablagerung Arten, die, durch Methoden der geöffneten Grube gewonnen zu werden gewonnen oder geplant werden, aber ist nicht bestätigt worden durch passende ökonomische Studien festgestellt. Die Hilfsmittelschätzung setzt eine der größten und bedeutendsten Wolfram- und Molybdänansammlungen in der Welt fest.

Brennan, Präsidenten kennzeichnen u. kommentierte CEO von Largo: „Die Beendigung einer Ni 43-101 gefälligen Hilfsmittelschätzung für Nordtänzer ist ein Schlüsselmeilenstein für das Projekt und einen Hauptschritt, die für Largo Vorwärts sind. Resultate unseres 2006 bohrenprogramms waren mit Bestätigung und Expansion der historischen Betriebsmittel sowie bessere Definition der höheren Gradwolfram- und -molybdänzonen sehr positiv. Arbeit über eine Scopingstudie einschließlich die metallurgische Prüfung ist jetzt in Bewegung. Vorbereitungen werden gebildet, um ein zweites bohrenprogramm dieser Frühling zu beginnen, um das geschlossene Hilfsmittel weiter zu bestätigen und zu verbessern, und Betriebsmittel, besonders in den höheren Gradzonen zu erweitern.

All 10 additional holes sampled returned significant PGM values ranging
between 0.42g/t and 1.13g/t over intervals varying in true thickness
between 9.00 and 32.00 metres. Individual 1.0 metre sample intervals
returned values as high as 4.24 g Pt/t.

Largo is also pleased to announce that Dr. Reid Keays has been retained to
review and assist in the evaluation of the platinum and palladium
mineralization at Maracas. Dr. Keays is a well known expert in platinum
group element (PGE) geochemistry and the development of genetic models and
exploration techniques for Ni-Cu-PGE sulphide deposits. He has worked on a
wide range of ore deposits including platiniferous PGE horizons in the
Bushveld, Stillwater and Great Dyke layered complexes, Ni-Cu-PGE
mineralization associated with komatiites (Kambalda, Cape Smith Fold Belt)
and the giant Sudbury (Canada) and Noril'sk Ni-Cu-PGE camps. Dr. Keays
will be making an initial trip to the Maracas project in May.

As previously reported, platinum group metals values from the original due
diligence program of a total of 123 samples in 8 drill holes indicate that
in the magnetite-rich zone, PGM's average between 0.52g/t and 1.24g/t over
widths of 4.00 metres to 20.00 metres with a Ptd ratio of 4:1. The
highest PGM values found thus far correlate with the high-grade
vanadium-magnetite zone.

Andy Campbell, P.Geo., Vice President, Exploration commented: "The PGM
results continue to be very significant and with a very high
platinum-palladium ratio. Once all the sample results are received we will
have sufficient data to allow estimation of a PGM resource for the
deposit. We are also very pleased to have Dr. Keays assisting us in
further evaluating the PGM's at Maracas. It is very possible that the
PGM's may have been re-distributed from an original sulphide melt by a
later stage hydrothermal event. If this is the case, there could be
excellent potential for other areas of significant PGM mineralization; we
have initiated petrographic and microprobe work to better understand the
nature of the PGM mineralization and provide criteria to aid further
exploration."

The Maracas deposit is hosted within lower sequence of gabbros and
pyroxenites of the 2.64 billion-year-old, Jacare River mafic-ultramafic
intrusion. This sheetlike linear intrusion extends for 70 kilometres along
a north-south strike averaging about 1.2 kilometre in width. There are a
number of striking similarities to the Great Dyke including age, rock
types, platinum and palladium ratio and style of intrusion as well as host
rock that it intrudes. The PGMs found thus far are associated with
disseminated to massive bodies of titano-magnetite in pyroxenites. This
massive, titano-magnetite mineralization at Maracas ranges from 2.0 to 90
metres in thickness with an average true width of 25 metres.

Analytical work was carried out by SGS Minerals in Belo Horizonte, Brazil.
Platinum and palladium values were determined by fire assay technique with
an ICP finish using a 30 gram-sample. Andy Campbell, M.Sc., P. Geo.,
Largo's Vice President of Exploration, is the Qualified Person responsible
for the scientific and technical work for the program as defined under
National Instrument 43-101.

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.

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".

/T/

Table 1: Summary of Significant Assay Results - Maracas Property, Brazil

--------------------------------------------------
Pt + Pd Interval
Hole Number From To Pt (g/t) Pd (g/t) (g/t) (metres)
--------------------------------------------------
FGA10 70.50 100.00 0.44 0.06 0.50 29.50
FGA16 121.00 131.29 0.31 0.18 0.48 10.29
FGA23 46.00 55.00 0.86 0.42 1.28 9.00
Including 46.00 50.00 1.14 0.64 1.78 4.00
FGA25 46.00 65.00 0.74 0.11 0.85 19.00
FGA37 98.00 108.00 0.54 0.25 0.79 10.00
FGA42 105.90 116.00 0.39 0.03 0.42 10.10
FGA43 96.00 105.00 1.08 0.05 1.13 9.00
Including 101.00 105.00 1.73 0.07 1.80 4.00
FGA48 47.00 79.00 0.34 0.18 0.52 32.00
FGA51 124.00 136.00 0.35 0.27 0.62 12.00
FGA54 96.00 112.00 0.26 0.21 0.47 16.00
--------------------------------------------------

All holes are shallow depth (less than 100 metres) and the reported
intervals reflect true thickness. Core size is BQ.

Table 2: Collar Coordinates and Orientation of Diamond Drill Holes

--------------------------------------------------
Hole Number Northing Easting Elevation Azimuth Dip
--------------------------------------------------
FGA10 8,486,183 318,332 307.01 284 degrees -59 degrees
--------------------------------------------------
FGA16 8,486,071 318,251 304.76 284 degrees -60 degrees
--------------------------------------------------
FGA23 8,486,160 318,236 314.84 108 degrees -78 degrees
--------------------------------------------------
FGA25 8,486,165 318,293 311.13 284 degrees -44 degrees
--------------------------------------------------
FGA37 8,486,098 318,319 302.07 292 degrees -50 degrees
--------------------------------------------------
FGA42 8,486,162 318,390 295.75 284 degrees -60 degrees
--------------------------------------------------
FGA43 8,486,108 318,372 295.71 286 degrees -70 degrees
--------------------------------------------------
FGA48 8,486,058 318,300 298.45 293 degrees -50 degrees
--------------------------------------------------
FGA51 8,486,033 318,355 298.00 296 degrees -50 degrees
--------------------------------------------------
FGA54 8,486,113 318,345 295.93 288 degrees -50 degrees
--------------------------------------------------

/T/


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

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

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

INDUSTRY: MPMM
SUBJECT: DRM