Legal Notice

Legal Notice

1) FORWARD - LOOKING STATEMENTS

Statements on this website include certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”). These statements relate to future events or Amerigo Resources Ltd.’s (the “Company”) future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "should", "believe" and similar expressions is intended to identify forward-looking statements. These forward-looking statements include but are not limited to, statements concerning: forecasted production and operating costs; our strategies and objectives; our estimates of the availability and quantity of tailings, and the quality of our mine plan estimates; prices and price volatility for copper, molybdenum, and other commodities and of materials we use in our operations; the demand for and supply of copper, molybdenum, and other commodities and materials that we produce, sell and use; sensitivity of our financial results and share price to changes in commodity prices; our financial resources and financial condition and our expected ability to meet our obligations for the next 12 months; interest and other expenses; domestic and foreign laws affecting our operations; our tax position and the tax rates applicable to us; our ability to comply with our loan covenants; the production capacity of our operations, our planned production levels and future production; hazards inherent in the mining industry causing personal injury or loss of life, severe damage to or destruction of property and equipment, pollution or environmental damage, claims by third parties and suspension of operations; estimates of asset retirement obligations and other costs related to environmental protection; our future capital and production costs, including the costs and potential impact of complying with existing and proposed environmental laws and regulations in the operation and closure of our operations; repudiation, nullification, modification or renegotiation of contracts; our financial and operating objectives; our environmental, health and safety initiatives; the outcome of legal proceedings and other disputes in which we may be involved; the outcome of negotiations concerning metal sales, treatment charges and royalties; disruptions to the Company's information technology systems, including those related to cybersecurity; our dividend policy; and general business and economic conditions.

These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such statements. Inherent in forward-looking statements are risks and uncertainties beyond our ability to predict or control, including risks that may affect our operating or capital plans; risks generally encountered in the permitting and development of mineral projects such as unusual or unexpected geological formations, negotiations with government and other third parties, unanticipated metallurgical difficulties, delays associated with permits, approvals and permit appeals, ground control problems, adverse weather conditions, process upsets and equipment malfunctions; risks associated with labour disturbances and availability of skilled labour and management; risks related to the potential impact of global or national health concerns, including COVID-19, and the inability of employees to access sufficient healthcare; government or regulatory actions or inactions, fluctuations in the market prices of our principal commodities, which are cyclical and subject to substantial price fluctuations; risks created through competition for mining projects and properties; risks associated with lack of access to markets; risks associated with availability of and our ability to obtain both tailings from Corporación Nacional del Cobre de Chile’s (“Codelco”) Division El Teniente’s current production and historic tailings from tailings deposits; risks with respect to the ability of the Company to draw down funds from bank facilities and lines of credit, and the availability of and ability of the Company to obtain adequate funding on reasonable terms for expansions and acquisitions; mine plan estimates; risks posed by fluctuations in exchange rates and interest rates, as well as general economic conditions; risks associated with environmental compliance and changes in environmental legislation and regulation; risks associated with our dependence on third parties for the provision of critical services; risks associated with non-performance by contractual counterparties; risks associated with supply chain disruptions; title risks; social and political risks associated with operations in foreign countries; risks of changes in laws affecting Page 8 our operations or their interpretation, including foreign exchange controls; and risks associated with tax reassessments and legal proceedings. Notwithstanding the efforts of the Company and Minera Valle Central (“MVC”), there can be no guarantee that the Company’s or MVC’s staff will not contract COVID-19 or that the Company’s and MVC’s measures to protect staff from COVID-19 will be effective. Many of these risks and uncertainties apply not only to the Company and its operations, but also to Codelco and its operations. Codelco’s ongoing mining operations provide a significant portion of the materials MVC processes and its resulting metals production, therefore these risks and uncertainties may also affect their operations and in turn have a material effect on the Company.

Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements on this website. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about: general business and economic conditions; interest and currency exchange rates; changes in commodity and power prices; acts of foreign governments and the outcome of legal proceedings; the supply and demand for, deliveries of, and the level and volatility of prices of copper and other commodities and products used in our operations; the ongoing supply of material for processing from Codelco’s current mining operations; the grade and projected recoveries of tailings processed by MVC; the ability of the Company to profitably extract and process material from the Cauquenes tailings deposit; the timing of the receipt of and retention of permits and other regulatory and governmental approvals; our costs of production and our production and productivity levels, as well as those of our competitors; changes in credit market conditions and conditions in financial markets generally; our ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; the availability of qualified employees and contractors for our operations; our ability to attract and retain skilled staff; the satisfactory negotiation of collective agreements with unionized employees; the impact of changes in foreign exchange rates and capital repatriation on our costs and results; costs of closure of various operations; market competition; tax benefits and tax rates; the outcome of our copper concentrate sales and treatment and refining charge negotiations; the resolution of environmental and other proceedings or disputes; the future supply of reasonably priced power; rainfall in the vicinity of MVC returning to normal levels; average recoveries for fresh tailings and Cauquenes tailings; our ability to obtain, comply with and renew permits and licenses in a timely manner; and our ongoing relations with our employees and entities with which we do business. Future production levels and cost estimates assume there are no adverse mining or other events which significantly affect budgeted production levels. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure that it will achieve or accomplish the expectations, beliefs or projections described in the forward-looking statements. We caution you that the foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause our actual results to differ materially from those estimated or projected and expressed in, or implied by, our forward-looking statements. You should also carefully consider the matters discussed under Risk Factors in the Company’s Annual Information Form and the Company’s other filings with Canadian securities regulators, which may be viewed at www.sedar.com. The forward-looking statements contained herein speak only as of the date of the news release and except as required by law, we undertake no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, whether as a result of new information or future events or otherwise.

2) GENERAL DISCLAIMER

The information on this website provides a general overview of the activities of the Company and is not intended to be a comprehensive review of all matters concerning the Company. Although all information posted to this website was accurate at the time of posting, it may be superseded by subsequent disclosures. The Company makes no representations nor provides any warranty as to the accuracy, currency or completeness of such information and the Company expressly revokes any responsibility of guarantees, expressed or implied, including and without limitation to, any guarantee of quality or compliance, in respect to any end result. The information on this website may be modified by the Company at any time without prior notice. In no event shall the Company be liable for any direct, indirect, consequential or other damages arising or connected with the use of this website or the information herein. Material on this website may contain inaccuracies, omissions or typographical errors, for which the Company assumes no responsibility. In no event shall the Company, its directors, officers, employees, representatives and advisers, be held liable or responsible for any claim or damage, direct or indirect, special or consequential, incurred by the user arising out of the interpretation, reliance upon or other use of the information contained on the pages of this website.

3) LINKS TO OTHER INTERNET SITES

The Company provides links to other internet sites that are not related to the Company but may be of interest to viewers of this website. These links are provided solely as a convenience to you and the inclusion of any link does not imply endorsement, investigation or verification by the Company of the linked website or information contained therein or of their security or privacy practices. The Company shall not be responsible for the content of any other linked websites and makes no representation or warranty regarding any other websites or the contents on such websites. If you decide to access other websites, you do so at your own risk and agree to indemnify and hold the Company harmless from any costs or liabilities incurred. Framing of this website or any of its content in any form and by any method is strictly prohibited.

4) TRADEMARKS AND COPYRIGHT

Certain names, graphics, logos, icons, designs, words, titles or phrases on this website may constitute trade names or trademarks of the Company. The display of any trade mark does not imply that a license of any kind to use the trade mark has been granted. All information found on the pages of this website is protected under the copyright laws of Canada and in other countries. Unless otherwise specified, no user has permission to copy, redistribute, reproduce or republish, in any form, any information found on the pages of this website. Any user who, without authorization, re-transmits, copies or modifies any trademarks may violate federal or common law trademark and/or copyright law, and may be subject to legal action.

5) PRIVACY POLICY

Our privacy policy can be found here.