Largo Appoints Les Ford to Be Technical Director of Brazilian Operations - Mr. Ford is One of the World's Foremost Experts in Vanadium

TORONTO, ONTARIO -- (Marketwire) -- 01/20/11 -- Largo Resources Ltd. ('Largo' or the 'Company') (TSX VENTURE: LGO) is pleased to announce the appointment of Leslie John Ford ('Les Ford') to the position of Technical Director of Brazilian Operations. Les has over 40 years of experience constructing, developing and producing vanadium projects, Mr. Ford is one of the world's foremost experts in vanadium.

Mr. Ford began his career in 1970 with Highveld Steel and Vanadium Corp. ('Highveld') where he was appointed Assistant Technical Manager at the Vantra Project in South Africa. During his tenure with Highveld, Mr. Ford developed an innovative change to the process chemistry used in the production of V2O5 which allowed for a major increase in production at a significant reduction in operating costs. Mr. Ford later went on to become Assistant General Manager of Highveld and a member of the Highveld Executive Committee.

Since 1989, Mr. Ford's expertise has been consulted for several major vanadium projects, including, the Rand Mines Vansa vanadium plant where Ford was appointed Managing Director and successfully redesigned and commissioned the plant, making Rand Mines Vansa one of the lowest cost producers of V2O5 in the world.

Mr. Ford has also held senior positions with Xstata Alloys, Precious Metals Australia, and Windimurra where he has similarly been appointed to evaluate and reform production processes and to appraise potential ventures in the vanadium industry.

Stated Mark Brennan, President & CEO of Largo Resources, 'We are extremely excited to have Mr. Ford join the Largo team. Not only do we see it as a validation of the merits of Maracas, but we also believe it gives us a tremendous competitive advantage with respect to Largo's knowledge base of Vanadium production processes, global reserves and technology.'

Largo is also pleased to announce the appointment of Ms. Darcie Ladd to the position of Business Development Manager. Ms. Ladd has an Honours Bachelor of Arts from the University of Ottawa and has previously worked as a consultant for several other listed issuers in the resource and mining sector. Ms. Ladd was granted 100,000 options of the Company upon her appointment. The options have an exercise price of $0.395 and shall expire five years from the date of grant. The options shall vest immediately, subject to the four month regulatory hold period. The grant of options is subject to regulatory approval.

About Largo

Largo is a Canadian-based mineral resource exploration and development company focused on creating a world leading strategic metals company. The Company currently holds an 80% interest in the Maracas Vanadium Project, 100% interest in the Currais Novos Tungsten Tailing Project, a 100% interest in the Campo Alegre de Lourdes Iron-Vanadium Project, all in Brazil, and a 70% interest in the Northern Dancer Tungsten-Molybdenum property located in the Yukon Territory, Canada. The immediate goal of the Company is to develop the Maracas Vanadium Project by Q1 2013 and begin production of WO3 concentrate from the reprocessing of tungsten tailings from Currais Novos by June, 2011. Largo has a very skilled management team both in Canada and Brazil with the ability to advance these projects.

Largo is a publicly listed company on the TSX Venture Exchange under the symbol LGO. For more information please refer to Largo's website: www.largoresources.com

Mr. Tim Mann, an officer of the Company, is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical disclosure in this press release.

Cautionary Note

This press release contains forward-looking information under Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to the anticipated impact of the appointment, the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; and success of exploration activities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information is based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the anticipated impact of the appointment are based on previous professional achievements and competencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Largo to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks identified by the Company in its annual information form as filed under the Company's profile on SEDAR. Although management of Largo has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such Information. Accordingly, readers should not place undue reliance on forward-looking information. Largo does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE (NOR ITS REGULATORY SERVICE PROVIDER) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts:

Largo Resources Ltd.

Darcie Ladd

Business Development Manager

(416) 861-5938
dladd@largoresources.com


Largo Resources Ltd.

Mark Brennan

President & CEO

(416) 861-5886
mark@largoresources.com