Largo Acquires 100% Interest in its Maracas Vanadium Project

Symbol: LGO (TSX.V) 
TORONTO, Dec. 21, 2012 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") 
is pleased to announce that it has completed its previously announced 
acquisition of the remaining 10% interest in its Maracás Vanadium Project 
in Bahia State, Brazil (see press release dated October 11, 2012). This brings 
the Company's total interest in its flagship Maracás project to 100%. 
Mark Brennan, President and Chief Executive Officer of Largo stated: "We are 
very pleased to finalize the acquisition of the remaining 10% interest in the 
Maracás Vanadium Project. As we continue to make significant progress with 
construction at the project and draw nearer to production and cashflow, we 
believe that securing this remaining interest is a significant benefit for the 
company and our shareholders." 
Largo also reports thatit has todayre-filedits October 26, 2012 
technical report (the "October Technical Report") for the Largo Maracás 
Vanadium Project, 1 Million Tonnes per Year Processing Plant, Brazil (the 
"Project"),the preparation of which was managed by Runge - Pincock, Allen & 
Holt ("Runge"), who engaged consultants and contributors to provide supporting 
reports and data for the October Technical Report. The Ontario Securities 
Commission has advised the Company that Warren Nimchuk of Hemmera Envirochem 
Inc. (Hemmera), whowas engaged by Runge,did not meet the "engineer or 
geoscientist" test in the definition of "Qualified Person" in Section 1.1 of 
National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 
43-101"), and was therefore not eligible to act as a Qualified Person under NI 
43-101, and could not co-author the October Technical Report or take 
responsibility for the disclosurein the October Technical Report regarding 
Environmental Studies, Permitting and Social or Community Impact. 
As a result, the Company hastoday filed a revised technical report for the 
Project dated December 21, 2012 (the "Revised Technical Report"), co-authored 
by Mr. Scott Weston, M.Sc., P.Geo of Hemmera and who is a professional 
geoscientist and the Mining Sector Leader for Hemmera, and a Qualified Person 
under NI 43-101. Mr. Weston has over 14 years experience in environmental 
impact assessments. 
About Largo 
Largo is a Canadian-based mineral resource development company focused on 
creating a world leading strategic metals company. The immediate goal of the 
Company is to develop the Maracás Vanadium Project by the end of Q4, 2013 and 
to produce WO(3) concentrate from the reprocessing of tungsten tailings from 
Currais Novos. Largo's skilled management team both in Canada and Brazil, 
are confident in their ability to advance these projects. Largo currently 
holds a 100% interest in the Maracás Vanadium Project, a 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 100% interest in the 
Northern Dancer Tungsten-Molybdenum property located in the Yukon Territory, 
Largo is listed on the TSX Venture Exchange under the symbol "LGO". 
For more information please refer to Largo's website: 
This press release contains forward-looking information under Canadian 
securities legislation. forward-looking information includes, but is not 
limited to, statements with respect to completion of the private placement, 
Largo's development potential and timetable of the Maracas and Northern Dancer 
projects; Largo's ability to raise additional funds necessary; the future 
price of tungsten and molybdenum; the estimation of mineral reserves and 
mineral resources; conclusions of economic evaluation; the realization of 
mineral reserve estimates; the timing and amount of estimated future 
production, development and exploration; costs of future activities; capital 
and operating expenditures; success of exploration activities; mining or 
processing issues; currency exchange rates; government regulation of mining 
operations; and environmental risks. Generally, forward-looking statements 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 statements are based on 
the opinions and estimates of management as of the date such statements are 
made. Forward-looking statements are subject to known and unknown risks, 
uncertainties and other factors that may cause the actual results, level of 
activity, performance or achievements of the Largo to be materially different 
from those expressed or implied by such forward-looking statements, including 
but not limited to those risks described in the annual information form of 
Largo and in its public documents filed on SEDAR from time to time. Although 
management of Largo has attempted to identify important factors that could 
cause actual results to differ materially from those contained in 
forward-looking statements, there may be other factors that cause results not 
to be as anticipated, estimated or intended. There can be no assurance that 
such statements will prove to be accurate, as actual results and future events 
could differ materially from those anticipated in such statements. 
Accordingly, readers should not place undue reliance on forward-looking 
statements. Largo does not undertake to update any forward-looking statements, 
except in accordance with applicable securities laws. 
Darcie Ladd Manager Business Development 416-861-9406 
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SOURCE: Largo Resources Ltd. 
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CO: Largo Resources Ltd.
ST: Ontario
-0- Dec/21/2012 21:38 GMT
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