Amerigo Announces Q4 2007 Production Results

VANCOUVER, BRITISH COLUMBIA, Jan 15 (MARKET WIRE) --
Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") announced
today that during Q4-2007 Amerigo produced a total of 9.52 million pounds
of copper and 157,360 pounds of molybdenum, compared to 6.63 million
pounds of copper and 130,538 pounds of molybdenum in Q4-2006. The
Company's gross copper selling price before settlement adjustments to
prior quarters' production declined from $3.48/lb in Q3-2007 to $3.00/lb
in Q4-2007, resulting in negative settlement adjustments to prior
quarters' production of $3.8M in Q4-2007.

The Company's sales are contractually priced 3 months after delivery and
are therefore not comparable to cash prices. The LME average copper cash
selling price declined from $3.50/lb in Q3-2007 to $3.26/lb in Q4-2007.

Amerigo Resources Ltd. is a Canadian 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:

Amerigo Resources Ltd.

Certain of the information and statements contained herein that are not
historical facts, constitute "forward-looking information" within the
meaning of the 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 dated March 27, 2007,
and in each subsequent Management's Discussion and Analysis. 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.

Contacts:
Amerigo Resources Ltd.
Dr. Klaus Zeitler
President
(604) 681-2802 or (604) 218-7013
Website: www.amerigoresources.com

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