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ARG.TO ·

Amerigo Regrets the Passing of Director David Thomas

Management Changes

November 4, 2021

N.R. 2021- 17

Amerigo Regrets the Passing of Director David Thomas

VANCOUVER, BRITISH COLUMBIA – November 4, 2021/Amerigo Resources Ltd. (TSX: ARG;

ARREF: OTC) (“Amerigo” or the “Company”) regretfully advises the passing of director David Thomas.

Mr. Thomas joined the Amerigo board of directors in June 2021. He had more than 40 years of experience

in the mining industry, working with Kennecott Copper Corporation, Bougainville Copper Limited, and

Austpac Resources in Australia. He also was a Vice President and Technical Director for Mellon Bank and

worked at Southern Peru Copper Corporation, where he served as Mine Manager, Area Manager, Chief

Engineer and Vice President of Operations. He was Vice President-Technical Services at Freeport

Indonesia, and worked as Managing Director of VALCO, an aluminum company in Ghana. David also

worked on the team developing the Toromocho Copper Project in Peru, initially as an advisor and

consultant and eventually as Vice President, Operations and Executive Vice President and Chief Operating

Officer. David held a BSc in Mining Engineering from the University of Utah, and an MSc in Mineral

Resources Engineering from the University of Minnesota.

“Dave will be sorely missed by all of us who worked with him at Amerigo and through the years”, said Dr.

Klaus Zeitler, Amerigo’s Executive Chairman. “Dave’s solid technical knowledge will be hard to replace.

We extend our heartfelt condolences to Dave’s wife Geri, and their family and friends”, added Dr. Zeitler.

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; Fax: (604) 682-2802; 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]