Largo Resources Ltd. announced that it has acquired from Odebrecht S.A. ("Odebrecht") and Vale S.A ("Vale"). an additional 33.5% interest in Companhia de Maracas (in consideration for a payment of US$5 million plus interest), which is the operating company and holder of its Maracas Project, Bahia State, Brazil.

Largo now holds an 80% interest in Companhia de Maracas and has the option to acquire an additional 10% interest from Vale and Odebrecht in consideration for a payment of US$8 million.

Companhia de Maracas holds an approximate 95% undiluted interest in the Maracas Project.