Largo Resources to Release Third Quarter 2020 Financial Results on November 12, 2020

PRESS RELEASE October 21, 2020

Largo Resources to Release Third Quarter 2020 Financial Results on November 12, 2020

• Shareholder conference call with Paulo Misk, President and CEO, Ernest Cleave, CFO and Paul Vollant, Director of Sales and Trading will be conducted at 10:00 a.m. ET on Friday, November 13, 2020.

TORONTO Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) will release its third quarter 2020 financial results on Thursday, November 12, 2020 after the close of market trading. Additionally, the Company will host a conference call to discuss its third quarter 2020 operating and financial results on Friday, November 13 at 10:00 a.m. ET.

Details of the conference call are listed below:

Date: Friday, November 13, 2020 Time: 10:00 a.m. ET Dial-in Number: Local / International: +1 (416) 764-8688 North American Toll Free: (888) 390-0546 Brazil Toll Free: 08007621359 Conference ID: 63665793 Replay Number: Local / International: + 1 (416) 764-8677 North American Toll Free: (888) 390-0541 Replay Passcode: 537676 # Website: To view press releases or any additional financial information, please visit the Investor Relations section of the Largo Resources website at: www.largoresources.com/investors

About Largo Resources

Largo Resources is an industry preferred producer and supplier of vanadium for the global steel and high purity markets -grade vanadium deposits at the Maracás Menchen Mine located in Brazil. The Company's common shares are principally listed on

www.largoresources.com and www.largoVPURE.com.

For further information, please contact:

Alex Guthrie Manager, Investor Relations and Communications [email protected] Tel: +1 416‐861‐9797