Largo Resources awaiting final confirmation of commitment from commercial banks for US$150 million financing for the Maracas vanadium project, Bahia, Brazil

TORONTO, ONTARIO–(Marketwire – Nov. 9, 2011) – Largo Resources Ltd. (TSX VENTURE:LGO) (“Largo” or the “Company”) announced today that it is expecting to receive final commitment from a consortium of commercial banks for a guaranty of its $150 million BNDES debt facility for the Maracas vanadium project imminently.