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Amended News Release for Bonus Shares

Further to our first June 5, 2002 News Release, Amerigo confirms it has arranged a loan of $50,000 from Golden Capital Securities Ltd. The amended number of bonus common shares (20% of the principle amount) is 50,000 and will be paid subject to regulatory acceptance.

For further information, please contact:

Roger Moss, President, Tel: (416) 516-6050 E-Mail:  roger.moss@sympatico.ca

Ian E. Gallie, Director, Tel: (250) 598-9091 E-Mail: gallie@horizon.bc.ca

or visit our website at: www.amerigoresources.com

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