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Amerigo Provides Update on Chilean Earthquake

03.01.2010

VANCOUVER, BRITISH COLUMBIA -- March 1, 2010 /CNW/ - Amerigo Resources Ltd. ("Amerigo" or the “Company”, TSX:ARG) today provided an update on the effect on MVC, Amerigo’s Chilean subsidiary, of the 8.8 magnitude earthquake that occurred in Chile at approximately 03:34 AM local time on February 27, 2010. The earthquake’s epicentre was approximately 200 kilometres from MVC’s plant in Rancagua, Chile.

The Company is very pleased to report that to the best of our knowledge all MVC staff are safe. Tailings flow to MVC’s operations was interrupted and the plant shut down because of a power outage caused by the earthquake. Until tailings flow is resumed the Company will not be able to complete a full review of the effect of the earthquake, but visual inspection indicates that there is no material damage apparent to MVC’s operations.

The Company expects to provide further updates in the next few days.

Amerigo Resources Ltd. is a Canadian junior company producing copper and molybdenum from its MVC operations near Santiago, Chile. Tel: (604) 681-2802; Fax: (604) 682-2802; Web: www.amerigoresources.com; Listing: ARG:TSX

For further information, please contact:
Dr. Klaus Zeitler, President (604) 681-2802
Amerigo Resources Ltd. (604) 218-7013

The Toronto Stock Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. Statements contained in this news release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company’s filings with the TSX and on SEDAR. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.