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Amerigo’s MVC Receives Award from Chile’s IST (Workers Safety Institute)

Marketing Announcement

November 7, 2023

N.R. 2023-16

Amerigo’s MVC Receives Award from Chile’s

IST (Workers Safety Institute)

VANCOUVER, BRITISH COLUMBIA – November 7 , 2023/Amerigo Resources Ltd. (TSX: ARG;

OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce that Minera Valle Central (“MVC”),

the Company’s 100% owned operation located near Rancagua, Chile, received on November 6, 2023, the

2023 Distinction for Excellence award from Chile’s Workers Safety Institute (IST, Instituto de Seguridad

del Trabajo).

This national award recognizes companies' excellence, contributions and results in fostering a preventive

safety culture and workers’ safety. MVC received the award for companies with over 100 employees.

Last August, MVC reached a significant safety milestone, recording 18 months without lost time accidents.

This outstanding performance continues to date, and the award received yesterday also recognizes this

achievement, in addition to the innovative programs MVC has rolled out with its workers and third- party

collaborators to promote safe working practices.

“We are extremely proud of MVC earning this significant award, which confirms our key message that

nothing is more important t han our workers returning home safely every day,” said Aurora Davidson,

Amerigo’s President and CEO. “MVC has done a great job implementing the latest technology in its safety

programs but, more importantly, promoting the right safety mindset with our team members. A lost time

accident in the workplace can be as simple as bumping a knee against a desk, and MVC has currently, on

record, more than 1. 09 million hours , or more than 21 consecutive months, worked without lost time

accidents. When the extremely difficult working conditions created by Chile’s recent flooding events are

factored in, this achievement becomes even more extraordinary,” she 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.

Contact Information

Aurora Davidson Graham Farrell

President and CEO Investor Relations

(604) 697-6207 (416) 842-9003

[email protected] [email protected]