Mr. Mark Smith reports

LARGO RESOURCES ANNOUNCES DEBT-FREE STATUS FOLLOWING REDEMPTION OF ALL ITS OUTSTANDING 9.25% SENIOR SECURED NOTES

Largo Resources Ltd., in accordance with its news release dated June 10, 2019, in which the company announced its election to redeem its outstanding 9.25 per cent senior secured notes due 2021, has redeemed in full all of its outstanding notes. The notes have been redeemed at a redemption price equal to 104.625 per cent of the principal amount of the notes plus accrued and unpaid interest to, but not including, the redemption date of July 8, 2019.

Mark Smith, chief executive officer, stated: "I am extremely pleased to announce that Largo is now debt free. This full repayment represents a significant milestone for the company and we look forward to the future as Largo continues to enhance its presence in the global vanadium market."

About Largo Resources Ltd.

Largo is a Toronto-based strategic mineral company focused on the production of vanadium flake, high-purity vanadium flake and high-purity vanadium powder at the Maracas Menchen mine, located in Bahia state, Brazil. The company's common shares are principally listed on the Toronto Stock Exchange under the symbol LGO.

We seek Safe Harbor.