Amerigo Resources Ltd — Board/Management Information 2020

Aug 4, 2020

FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1 Name and Address of Reporting Issuer

Amerigo Resources Ltd. (the “Company”) Suite 1260 - 355 Burrard Street Vancouver, BC V6C 2G8 Telephone No.: (604) 697-6200

Item 2 Date of Material Change

August 1, 2020

Item 3 News Release

A news release dated August 4, 2020 was disseminated through GLOBE NEWSWIRE and filed on SEDAR with the securities commissions in British Columbia, Alberta, Manitoba, Ontario and Québec.

Item 4 Summary of Material Change(s)

The Company announced the appointment of Ms. Carmen Amezquita as Chief Financial Officer

Item 5 Full Description of Material Change

Vancouver, British Columbia – August 4, 2020 /CNW/ - Amerigo Resources Ltd. ("Amerigo" or the "Company") (TSX: ARG) is pleased to announce the appointment of Carmen Amezquita, CPA, CA as Chief Financial Officer, effective August 1, 2020.

Carmen has served as the Chief Financial Officer and Corporate Controller for mining companies with both producing mines and exploration properties located in Latin America. Previous to that, she worked in the audit and assurance group at PricewaterhouseCoopers.

Carmen is fluent in Spanish and received her Chartered Accountant designation in 2010. She holds a Bachelor of Arts degree from the University of British Columbia (“UBC”), and has a Diploma in Accounting from Sauder School of Business at UBC.

5.1 Disclosure for Restructuring Transactions

Not applicable.

Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102

Not applicable .

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Item 7 Omitted Information

Not applicable.

Item 8 Executive Officer

The following is the name and business telephone number of an executive officer of the Company who is knowledgeable about the material change and this report.

Aurora Davidson

President, CEO Tel: (604) 697-6207

Item 9 Date of Report

August 4, 2020