Ms. Aurora Davidson reports

AMERIGO'S MVC SIGNS THREE-YEAR COLLECTIVE LABOR AGREEMENT

On Oct. 22, 2025, Amerigo Resources Ltd. signed a three-year collective labour agreement with the 210-member operators union of Minera Valle Central (MVC), the company's 100-per-cent-owned operation located near Rancagua, Chile.

The agreement was reached after constructive negotiations and reflects the joint efforts of management and union representatives to ensure fair treatment and long-term security for MVC employees. The new contract will be effective from Oct. 29, 2025, and will continue through Oct. 29, 2028.

"We are pleased to have reached a new collective labour agreement, which demonstrates our ongoing commitment to support our team and maintain strong, collaborative relationships," said Aurora Davidson, Amerigo's president and chief executive officer. "Our employees are the foundation of the company's success, and this agreement ensures stability and mutual respect as we move forward together."

The new collective agreement reaffirms MVC's commitment to continue being an employer of choice in Chile. Amerigo, MVC and its employees look forward to continued progress and success over the coming years.

About Amerigo Resources Ltd.

Amerigo Resources is an innovative copper producer with a long-term relationship with Corporacion Nacional del Cobre de Chile (Codelco), the world's largest copper producer.

Amerigo produces copper concentrate and molybdenum concentrate as a byproduct at the MVC operation in Chile by processing fresh and historic tailings from Codelco's El Teniente mine, the world's largest underground copper mine.