Amerigo Renews Normal Course Issuer Bid (“NCIB”)

Core Viewpoint - Amerigo Resources Ltd. has received approval from the Toronto Stock Exchange to proceed with a new normal course issuer bid (NCIB), reaffirming its commitment to disciplined capital allocation and shareholder value enhancement [1][2]. Group 1: NCIB Details - The new NCIB allows Amerigo to repurchase up to 11,700,000 common shares, approximately 10% of its public float as of November 18, 2025 [2]. - The NCIB will commence on December 2, 2025, and may continue until December 1, 2026, or until completed or terminated by the Company [5]. - Under the previous NCIB, which started on December 2, 2024, Amerigo repurchased and cancelled 3,967,984 shares at a weighted average price of Cdn$1.80 per share [5]. Group 2: Capital Return Strategy - Amerigo's Capital Return Strategy includes quarterly dividends of Cdn$0.04 per share, performance dividends, and share buybacks, aimed at delivering value to shareholders [6]. - Since the implementation of the Capital Return Strategy in October 2021, the total capital returned to shareholders amounts to Cdn$93.7 million, comprising Cdn$30.6 million in shares repurchased and Cdn$63.1 million in dividends paid [9]. - The minimum goal for the NCIB is to maintain a constant share count year-over-year and enhance long-term shareholder value [2][8]. Group 3: Trading Volume and Purchase Limits - Amerigo's average daily trading volume for the six months ending October 31, 2025, was 272,958 shares, setting the daily purchase limit under the NCIB at 68,239 shares, which is 25% of the ADTV [3]. - The Company may make one block purchase exceeding the daily purchase restriction once per calendar week [3]. Group 4: Share Purchase Mechanism - Shares under the NCIB will be purchased in open market transactions on the TSX at the prevailing market price and will be cancelled [4]. - The actual number of shares purchased and the timing of such purchases will be determined by Amerigo [4].