Largo Resources Ltd. provided an operational update for its Maracas Menchen Mine (the Maracas Mine) in Bahia, Brazil. To date, a total of approximately 1,140 tonnes (2.5 million lbs) has been shipped from the Maracas Mine. This represents an increase of approximately 408 shipped tonnes (0.9 million lbs) since the Company's last operational update on December 3, 2014.

The Company currently has approximately 60 tonnes of recent production in inventory, and commercial shipments have been continuing on a weekly basis. During the month of January 2015, the Maracas Mine production output has been running between approximately 55%-75% of capacity.