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Amerigo declares increased semi-annual dividend

VANCOUVER, BRITISH COLUMBIA – February 26/CNW/Amerigo Resources Ltd. (TSX:ARG) ("Amerigo" or the "Company") reported today that on February 24, 2007 the Company's board of directors declared a semi-annual dividend of Cdn 6.5¢ per share, payable on April 4, 2007 to shareholders of record on March 27, 2007. This level of dividend represents an increase of approximately 45% from that paid on September 1, 2006.

Company Chairman Steven Dean said, "The board continues to focus on seeking to achieve strong returns to shareholders through a combination of capital appreciation, dividends, and its Issuer Bid share buy-back program."

Amerigo has to date acquired a total of 712,600 of its shares, and has approval to acquire up to a further 2,086,415 shares.

Amerigo Resources Ltd. is a Canadian junior company producing copper and molybdenum from its MVC operations near Santiago, Chile. Tel: (604) 681-2802; Fax: (604) 682-2802; Web:; Listing: ARG:TSX

For further information, please contact:
Michael J. Kuta, General Counsel & Secretary
Amerigo Resources Ltd. (604) 697-6201

The Toronto Stock Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. Statements contained in this news release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company’s filings with the TSX and on SEDAR. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.