Amerigo Announces Q3-2013 Production Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 15, 2013) - Amerigo Resources Ltd. (TSX:ARG) ("Amerigo" or the "Company") is pleased to announce production results for the third quarter of 2013 from Minera Valle Central ("MVC"), the Company's operations located near Rancagua, Chile. MVC produced 11.035 million pounds of copper and 0.193 million pounds of molybdenum during the three months ended September 30, 2013.

Dr. Klaus Zeitler, Amerigo's Chairman and CEO, stated, "Q3-2013 copper production was 16% higher than Q2-2013, and is expected to show continued improvement in Q4-2013. Discussions are ongoing with respect to both the finalization of the formal agreement and the debt financing for the Cauquenes expansion project."

Rob Henderson, Amerigo's President and Chief Operating Officer, added, "With MVC's improved operational performance and strong focus on efficiency and cost reduction, our production outlook for the year remains at the lower end of 45-50 million pounds of copper. We are continuing to optimize the Cauquenes feasibility study and we believe that we will receive the environmental approvals for Cauquenes within the next three months."

Key operating and sales metrics are shown below.

Production Metrics:	Q3-2013	Q2-2013	Q1-2013	Q4-2012	Q3-2012
Copper Production (million lbs)	11.035	9.550	12.834	13.561	12.701
Molybdenum Production (million lbs)	0.193	0.176	0.258	0.291	0.322
Ore milled (Tonnes 000's)	14,604	13,464	13,502	14,727	14,139
Copper Grade (%)	0.159	0.158	0.160	0.155	0.149
Copper Recovery (%)	21.5	20.3	27.0	27.0	27.3
Power Costs (per kwh)	$0.080	$0.086	$0.097	$0.185	$0.166
Sales Metrics:	Q3-2013	Q2-2013	Q1-2013	Q1-2012	Q4-2011
Copper Sales1 (Million lbs)	10.856	9.437	12.482	13.712	13.024
Company's Recorded Copper Price ($US/lb)2	3.19	3.40	3.52	3.52	3.52
Molybdenum Sales (million lbs)	0.205	0.178	0.241	0.286	0.338
Company's Recorded Molybdenum Price ($US/lb)	9.41	11.00	11.34	11.08	11.64

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.