Amerigo Announces Board Appointment

Rhea-AI Summary

Amerigo Resources has appointed Ignacio Cruz to its board of directors. Cruz brings over 40 years of experience in Chilean mining, energy, and civil society sectors. His notable positions include Executive Chair of TECHO International, CEO of Colbún S.A., and 14 years with Antofagasta Minerals where he served as General Manager of Los Pelambres and El Tesoro. Cruz is recognized for his leadership in organizations and infrastructure projects, financial management, and developing sustainable strategies. He is also the founder of Emerge Chile and EverXin, an AI-focused consultancy firm for process optimization. Klaus Zeitler, Amerigo's Executive Chairman, highlighted Cruz's respected status in the Chilean business community and his expertise in mining operations.

Positive

• Appointment of highly experienced executive with 40+ years in Chilean mining, energy, and civil sectors
• New director brings significant mining operational expertise from 14 years at Antofagasta Minerals
• Addition of board member with strong background in sustainability and stakeholder engagement
• New director brings AI and process optimization expertise through his consultancy firm EverXin

Negative

• None.

VANCOUVER, British Columbia, June 02, 2025 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; ARREF:OTC) (“Amerigo” or the “Company”) is pleased to announce the appointment of Ignacio Cruz to the Company’s board of directors.

Ignacio Cruz is a Civil Engineer with over forty years of experience in leading positions in the Chilean mining, energy, and civil society sectors. Most recently, Mr. Cruz was Executive Chair of TECHO International, Latin America’s largest NGO with operations in 19 countries. Before that, he was CEO of Colbún S.A., Chile’s second-largest power generation company. His mining sector experience includes fourteen years with Antofagasta Minerals, including as General Manager of Los Pelambres and El Tesoro.

His career has been distinguished by his ability to lead organizations and large infrastructure projects, manage complex financial structures, and develop sustainable strategies that create value for all stakeholders.

Mr. Cruz has been a board member of numerous business and philanthropic organizations in Chile. He is an international speaker on strategic management, team leadership, sustainability in mining, people management, and shared value in the extractive industry. He founded Emerge Chile and EverXin, a consultancy firm that utilizes Artificial Intelligence to drive process optimization.

“Ignacio is a highly respected member of the Chilean business community. We are honoured to welcome him to the Amerigo board of directors and will benefit from his extensive experience and thirst for knowledge. Ignacio has excelled as an executive in multiple industries and deeply understands the challenges and opportunities of mining operations in Chile,” said Klaus Zeitler, Amerigo’s Executive Chairman. “We look forward to tapping into his vision and expertise in strategy, leadership, sustainability and stakeholder engagement to maximize long-term value,” Dr. Zeitler added.

About Amerigo

Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer.

Amerigo produces copper concentrate and molybdenum concentrate as a by-product 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. Tel: (604) 681-2802; Web: www.amerigoresources.com; Listing: ARG: TSX.

For further information, please contact:        

Aurora Davidson	Graham Farrell
President and CEO	Investor Relations
(604) 697 6207	(416) 842-9003
ad@amerigoresources.com	graham@northstarir.ca

FAQ

Who is the new board member appointed to Amerigo Resources (ARREF)?

Ignacio Cruz, a Civil Engineer with over 40 years of experience in Chilean mining, energy, and civil society sectors, has been appointed to Amerigo Resources' board of directors.

What is Ignacio Cruz's experience in the mining industry?

Cruz spent 14 years with Antofagasta Minerals, serving as General Manager of Los Pelambres and El Tesoro mines, and has extensive experience in mining operations, sustainability, and stakeholder engagement in Chile.

What are Ignacio Cruz's previous executive positions?

Cruz was Executive Chair of TECHO International, Latin America's largest NGO, and CEO of Colbún S.A., Chile's second-largest power generation company.

What companies has Ignacio Cruz founded?

Cruz founded Emerge Chile and EverXin, a consultancy firm that uses Artificial Intelligence for process optimization.

How will Ignacio Cruz's appointment benefit Amerigo Resources (ARREF)?

Cruz brings expertise in mining operations, sustainability, stakeholder engagement, and strategic management, which will help maximize long-term value for Amerigo Resources.