TORONTO, ONTARIO--(MARKET WIRE)--Oct 22, 2007 -- Largo Resources Ltd. (CDNX:LGO.V - News) would like to inform its shareholders that the reason for its trading halt was that the TSX Venture Exchange required a personal information form for one of its directors. The personal information form has been provided to the Exchange and, as a result, Largo common shares have resumed trading.

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. 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.

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

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