To: marcos who wrote (58270 ) 4/8/2008 9:34:30 AM From: LoneClone Read Replies (1) | Respond to of 78407 Largo Appoints Scott C. Dorey to Advisory Board Mon Apr 7, 4:47 PMca.news.finance.yahoo.com TORONTO, ONTARIO--(Marketwire - April 7, 2008) - LARGO RESOURCES LTD. (TSX VENTURE: LGO.V) is pleased to announce the appointment of Mr. Scott C. Dorey to the Company's Advisory Board. Scott has recently joined Britton Hill Partners, LLC as a General Partner and Executive Managing Director, a private investment firm with a global focus based in Miami and New York. Previously, Scott was a senior investment banker at Lehman Brothers in New York and has significant experience serving boards and structuring transactions around the world across a number of sectors. His 8 years of experience with Lehman includes roles both in mergers and acquisitions and principal transactions on behalf of Lehman clients, the firm and with some its most important sales and trading relationships. Before joining Lehman, Scott was a corporate lawyer at Paul Weiss Rifkind Wharton and Garrison in New York after receiving a law degree from King's College in the United Kingdom. He is also qualified as a barrister and solicitor in Canada. He also serves on the board of Inter-Citic Minerals which is listed on the TSX. Largo President and CEO, Mark Brennan, remarked "Scott is a welcome addition to our Advisory Board. Scott's financial experience and relationships will be very helpful in the months ahead as we continue to advance our exciting vanadium-PGM deposit at Maracas (Brazil) and our very large Northern Dancer Tungsten-Molybdenum project in the Yukon." In Connection with his appointment, Mr. Dorey has been granted 75,000 stock options at $0.50. The options shall vest immediately subject to the four month hold and expire on April 7, 2013. The options are subject to exchange and regulatory approval. About Largo Resources Ltd.: Largo Resources is a Canadian natural resource development and exploration company with two advanced stage projects: the Maracas Vanadium-PGM deposit in Brazil and the Northern Dancer Tungsten-Molybdenum deposit in the Yukon. Largo also has a large (60,000 hectare) land position and prospective gold exploration properties in Ecuador. 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. Cautionary Notes Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and include, without limitation, statements regarding the company's plan of business operations and use of proceeds. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, risks inherent in the mining industry, financing risks, unreliability of resource estimates, and regulatory risks. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Contacts Mark Brennan Largo Resources Ltd. President & CEO (416) 861-5886 Email: mbrennan@largoresources.com Tony LaMantia Largo Resources Ltd. VP, Corporate Development (416) 861-5882 Email: tlamantia@largoresources.com Website: www.largoresources.com