Aug. 13, 2009) - Largo Resources Ltd. (TSX VENTURE:LGO - News) -

Highlights

- 150 million tonnes combined high grade vanadium (22.5 million tonnes 43-101 compliant and 132 million tonnes non-compliant)

- Target production of 10-15 million tonnes high grade ferrovanadium per year

- Target production of over 20 million tonnes of tungsten oxide per year

- Target production of over 6 million tonnes of molybdenum oxide per year

Corporate Summary

The Maracas Vanadium Project provides Largo with the ability to produce in excess of 155,000,000 pounds of high grade vanadium in ferrovanadium over the currently projected 23 year life of the mine. This estimate is based on the feasibility study completed by Aker Solutions in September 2008. Following initial investigations and market analysis, Largo is examining options to increase the targeted annual production to 15,000,000 pounds from the currently proposed 10,000,000 pounds of vanadium per annum and accelerate the production schedule.