Amerigo Announces Reduced Q4-2013 Power Charges

Amerigo Resources Ltd. (TSX:ARG) ("Amerigo" or the "Company") announced today
that the Company's Q4-2013 power costs will be $0.112/kwh, compared to
$0.154/kwh as reported in its January 24, 2014 press release.


Q4-2013 power costs include a retroactive sub-transmission line charge for the
years 2011-2013 that required complex calculations involving data from Chile's
National Energy Commission, the central power grid operating network and the
Company's power supplier published in late 2013. The $3.7 million ($0.057/kwh)
original estimate of the retroactive charge has been recalculated to be $0.98
million ($0.015/kwh) after careful scrutiny by Amerigo and its power
consultants.


Q4-2013 power charges without the retroactive charge were $0.097/kwh.

For 2014 this sub-transmission line charge is estimated to be approximately
$310,000 or $0.001/kwh.


The Company received the original estimate of the retroactive charge at the time
the Q4-2013 production release was being finalized. Subsequently management
together with our power consultants reviewed the calculations and determined
that the initial estimate was incorrect. The revised amount of $0.112/kwh for
Q4-2013 power costs will be reported in Amerigo's 2013 financial statements.


The Company will release its 2013 annual financial results at market open on
Wednesday February 26, 2014, and will provide further clarification during the
investor conference call to be held on Thursday February 27, 2014 at 11:00 am
Pacific Standard Time/2:00 pm Eastern Standard 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: (TSX:ARG)


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, 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
Chairman & CEO
(604) 218-7013 or (604) 697-6201


Amerigo Resources Ltd.
(604) 681-2802
(604) 682-2802 (FAX)
www.amerigoresources.com
Amerigo Resources (TSX:ARG)
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