ARG Amerigo Resources Ltd

Amerigo Resources Ltd. (TSX:ARG) ("Amerigo" or the "Company") is pleased to
announce production results for the first quarter of 2013 from Minera Valle
Central ("MVC"), the Company's operations located near Rancagua, Chile. MVC
produced 12.834 million pounds of copper and 0.258 million pounds of molybdenum
during the three months ended March 31, 2013. 


Dr. Klaus Zeitler, Amerigo's President and CEO, stated, "We are pleased to
report excellent Q1-2013 production results from MVC. Although copper production
during the quarter was lower than the record production of Q1-2012, molybdenum
production was 19% higher and the Company is on track to meet or exceed
announced 2013 guidance of 45-50 million pounds of copper and one million pounds
of molybdenum. Power costs for the quarter were $0.097 per kwh or less than
one-half of the Q1-2012 level, and we expect these lower costs to continue to
positively affect the Company's financial results through to December 31, 2017,
the end of the term of the Company's current power contract."


Rob Henderson, Amerigo's Chief Operating Officer, added, "MVC is continuing to
increase the extraction rates at Colihues and, as previously announced, the
lower grades experienced in Q1-2013 are anticipated to improve in Q3-2013 as the
extraction zone extends deeper into the deposit."


Key operating and sales metrics are shown below.



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Production Metrics:             Q1-2013  Q4-2012  Q3-2012  Q2-2012  Q1-2012
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Copper Production                                                          
(million lbs)                    12.834   13.561   12.701   11.570   13.877
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Molybdenum Production (million                                             
 lbs)                             0.258    0.291    0.322    0.229    0.216
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Ore milled (Tonnes 000's)        13,502   14,727   14,139   13,631   13,617
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Copper Grade (%)                  0.160    0.155    0.149    0.156    0.168
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Copper Recovery (%)                27.0     27.0     27.3     24.7     27.5
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Power Costs (per kwh)            $0.097   $0.185   $0.166   $0.195   $0.215
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Sales Metrics:                  Q1-2013  Q1-2012  Q4-2011  Q3-2011  Q2-2011
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Copper Sales(1)  (Million lbs)   12.482   13.712   13.024   10.762   14.080
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Company's Recorded Copper                                                  
 Price ($US/lb)(2)                 3.52     3.52     3.52     3.74     3.55
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Molybdenum Sales (million lbs)    0.241    0.286    0.338    0.243    0.304
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Company's Recorded Molybdenum                                              
 Price ($US/lb)                   11.34    11.08    11.64    14.02    14.10
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(1) Copper sales per the Company's records, which may differ from copper
    sales per the smelter. All differences between Company and smelter
    records for a quarter will be recorded as settlement adjustments in
    subsequent quarters until settled.

(2) Copper price recorded for the Company's financial statements for the
    quarter before smelter and refinery charges and settlement adjustments
    to prior quarters' sales. The Company calculates this number by
    dividing quarterly dollar sales as recorded in its financial statements
    (calculated based on copper deliveries per the smelter) over quarterly
    copper sales per the Company's own records. 




The Company will also release Q1-2013 financial results at market open on
Thursday May 9, 2013 and will hold an investor conference call to discuss the
results on Friday May 10, 2013 at 11:00 am Pacific Daylight Time/2:00 pm Eastern
Daylight Time. 


To participate in the call, please dial the following number:

1-866-226-1792 (Toll-Free North America)

Please let the operator know you wish to participate in the Amerigo Resources
conference call.


Media are invited to attend on a listen-only basis.

Following management's discussion of the quarterly results, the analyst and
investment community will be invited to ask questions. 


Amerigo Resources Ltd. produces copper and molybdenum under a long term
partnership with the world's largest copper producer, Codelco, by means of
processing fresh and old tailings from the world's largest underground copper
mine, El Teniente near Santiago, Chile. Tel: (604) 681-2802; Fax: (604)
682-2802; Web: www.amerigoresources.com; Listing: ARG:TSX


Certain of the information and statements contained herein that are not
historical facts, constitute "forward-looking information" within the meaning of
the Securities Act (British Columbia), Securities Act (Ontario) and the
Securities Act (Alberta) ("Forward-Looking Information"). Forward-Looking
Information is often, but not always, identified by the use of words such as
"seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend";
statements that an event or result is "due" on or "may", "will", "should",
"could", or might" occur or be achieved; and, other similar expressions. More
specifically, Forward-Looking Information contained herein includes, without
limitation, information concerning future tailings production volumes and the
Company's copper and molybdenum production, all of which involve known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such Forward-Looking Information; including, without
limitation, material factors and assumptions relating to, and risks and
uncertainties associated with, the supply of tailings from El Teniente and
extraction of tailings from the Colihues tailings impoundment, the achievement
and maintenance of planned production rates, the evolving legal and political
policies of Chile, the volatility in the Chilean economy, military unrest or
terrorist actions, metal price fluctuations, favourable governmental relations,
the availability of financing for activities when required and on acceptable
terms, the estimation of mineral resources and reserves, current and future
environmental and regulatory requirements, the availability and timely receipt
of permits, approvals and licenses, industrial or environmental accidents,
equipment breakdowns, availability of and competition for future mineral
acquisition opportunities, availability and cost of insurance, labour disputes,
land claims, the inherent uncertainty of production and cost estimates, currency
fluctuations, expectations and beliefs of management and other risks and
uncertainties, including those described under Risk Factors in the Company's
Annual Information Form and in Management's Discussion and Analysis in the
Company's financial statements.

Such Forward-Looking Information is based upon the Company's assumptions
regarding global and Chilean economic, political and market conditions and the
price of metals, including copper and molybdenum, and future tailings production
volumes and the Company's copper and molybdenum production. Among the factors
that have a direct bearing on the Company's future results of operations and
financial conditions are changes in project parameters as plans continue to be
refined, interruptions in the supply of fresh tailings from El Teniente, further
delays in the extraction of tailings from the Colihues tailings impoundment, a
change in government policies, competition, currency fluctuations and
restrictions and technological changes, among other things. Should one or more
of any of the aforementioned risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from
any conclusions, forecasts or projections described in the Forward-Looking
Information. Accordingly, readers are advised not to place undue reliance on
Forward-Looking Information. Except as required under applicable securities
legislation, the Company undertakes no obligation to publicly update or revise
Forward-Looking Information, whether as a result of new information, future
events or otherwise.




FOR FURTHER INFORMATION PLEASE CONTACT: 
Amerigo Resources Ltd.
Dr. Klaus Zeitler
President and CEO
(604) 218-7013


Amerigo Resources Ltd.
(604) 697-6201
www.amerigoresources.com

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