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ARG.TO ·

Amerigo Announces Board Appointment

Management Changes

June 2, 2025

N.R. 2025- 08

Amerigo Announces Board Appointment

VANCOUVER, BRITISH COLUMBIA – June 2, 2025/Amerigo Resources Ltd. (TSX: ARG;

ARREF:OTC) (“Amerigo” or the “Company”) is pleased to announce the appointment of Ignacio Cruz to

the Company’s board of directors.

Ignacio Cruz is a Civil Engineer with over forty years of experience in leading positions in the Chilean

mining, energy, and civil society sectors. Most recently, Mr. Cruz was Executive Chair of TECHO

International, Latin America’s largest NGO with operations in 19 countries. Before that, he was CEO of

Colbún S.A., Chile’s second- largest power generation company. His mining sector experience includes

fourteen years with Antofagasta Minerals, including as General Manager of Los Pelambres and El Tesoro.

His career has been distinguished by his ability to lead organizations and large infrastructure projects ,

manage complex financial structures, a nd develop sustainable strategies that create value for all

stakeholders.

Mr. Cruz has been a board member of numerous business and philanthropic organizations in Chile. He is

an international speaker on strategic management, team leadership, sustainability in mining, people

management, and shared value in the extractive industry. He founded Emerge Chile and Ever Xin, a

consultancy firm that utilizes Artificial Intelligence to drive process optimization.

“Ignacio is a highly respected member of the Chilean business community. We are honoured to welcome

him to the Amerigo board of directors and will benefit from his extensive experience and thirst for

knowledge. Ignacio has excelled as an executive in multiple industries and deeply understands the

challenges and opportunities of mining operations in Chile, ” said Klaus Zeitler, Amerigo’s Executive

Chairman. “We look forward to tapping into his vision and expertise in strategy, leadership, sustainability

and stakeholder engagement to maximize long-term value,” Dr. Zeitler added.

About Amerigo

Amerigo Resources Ltd. is an innovative copper producer with a long- term relationship with Corporación

Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer.

Amerigo produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation

in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world's largest

underground copper mine. Tel: (604) 681-2802; Web: www.amerigoresources.com; Listing: ARG: TSX.

For further information, please contact:

Aurora Davidson Graham Farrell

President and CEO Investor Relations

(604) 697 6207 (416) 842-9003

[email protected]

[email protected]