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Amerigo Q3-2003 Results to be Released January 5, 2004

12.23.2003

AMERIGO RESOURCES LTD. (Vancouver, British Columbia) reported today that Q3-2003 quarterly results for the period ended November 30, 2003 will be released on January 5, 2003.

Amerigo Resources Ltd. is a Canadian junior copper production company currently producing approximately 13,000 tonnes of copper per annum from its MVC operations near Santiago, Chile. Tel: (604) 681-2802; Fax: (604) 682-2802; Web: www.amerigoresources.com; Listing: ARG:TSX-V

For further information, please contact:

Jeffrey Giesbrecht, Secretary
Amerigo Resources Ltd. (604) 697-6201

The TSX Venture Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.

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Non-IFRS Information

In addition to disclosing results determined in accordance with IFRS, the Company may also disclose certain non-IFRS measures such as cash cost, total cost, AISC, EBITDA, free cash flow to equity and free cash flow. Management believes that this non-IFRS information provides investors with additional information to assess the Company's performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. Management uses these non-IFRS measures and IFRS information to evaluate its operating and financial performance. The Company and Virtua also take no responsibility for third-party pricing data provided for informational purposes. The non-IFRS information is not prepared in accordance with IFRS and may not be comparable to non-IFRS information used by other companies. The non-IFRS information should not be viewed as a substitute for, or superior to, other data prepared in accordance with IFRS.