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Amerigo Share Repurchases Update

VANCOUVER, BRITISH COLUMBIA -- Dec. 15, 2006 /CNW/ - Amerigo Resources Ltd. ("Amerigo", TSX:ARG) provided an update today with respect to purchases made pursuant to its renewed Normal Course Issuer Bid, which has been in place since November 14, 2006.

Amerigo has purchased 300,000 of its common shares so far during the month of December, 2006, making for a total of 476,500 shares repurchased to date under the renewed Normal Course Issuer Bid.

Amerigo has now purchased a total of 662,600 of its common shares under its original and renewed bids.

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.