News Releases

Amendment to Mexican Property Agreement

June 12, 2002

Further our news releases of March 7 and February 11, 2002 Amerigo has agreed to sell its Mexican Properties for 300,000 common shares of International Croesus Ventures Ltd.

The transaction remains subject to TSX Venture Exchange 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.

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