PRESS RELEASE: Amerigo Energy, Inc.

AMERIGO ENERGY CEO PROVIDES UPDATE TO SHAREHOLDERS

HENDERSON,  Nev.  July  10th,  2013  (GLOBE  NEWSWIRE) -- via PRWEB  -- Amerigo
Energy, Inc. "The Company" (OTCBB: AGOE), is pleased  to provide this update to
shareholders.

A   month   ago   the   company  announced  the  launch  of  its  new   website
www.AmerigoHoldings.com and  the  hiring  of Monarch Media, LLC as its investor
relations company .  Along with that, Company's  management has been diligently
working  to  increase  shareholder  value.  Here are some  milestones  we  have
reached in the last 30 days:

          o  New distribution contract  for  Le  FLAV  Straight  Up, throughout
             Illinois
          o  Further   negotiations  with  strategic  partners,  domestic   and
             international for Le FLAV Spirits
          o  Acquisition  of  900,000  shares  of previously issued stock to be
             returned to Treasury

The Company is working on multiple strategic partnerships for the Le FLAV brand
both on the domestic and international level, as well as through other channels
that would all provide diverse benefit to the company.  While  it is pre-mature
to announce any specifics, we are excited about the coming quarter and next six
(6) months for us.

Jason  Griffith, Chief Executive Officer of Amerigo Energy also noted  the  re-
acquisition  of  900,000  shares  of common stock and return to treasury stock.
"We have been having conversations  regarding the 900,000 shares for quite some
time and during the last quarter we were  able  to  secure  the  acquisition of
these  shares."   Griffith  continued,  "We  are  committed to maintaining  the
viability of the capitalization structure of the company."

Existing shareholders have already begun to benefit  from the hiring of Monarch
Media.  This  addition  to the team allows a more fluid line  of  communication
between the company and its current and future shareholders.

The above strategies are  just  examples  of  some  of  the many synergies from
adding additional partners to the company.  We are currently  evaluating  other
key  alliances  and strategies for the company to continue to build shareholder
value.

ABOUT AMERIGO ENERGY, INC.

Amerigo  develops,  produces,  markets,  and  distributes  alcoholic  and  non-
alcoholic  beverages  for  sale primarily in the continental Unites States with
expansion plans to extend internationally. Our strategy is to take advantage of
the $18.7 billion dollar distilled  spirits  marketplace. We plan to accomplish
this      through      our      established      celebrity      brands      and
the strategic relationships our management          team          has developed
throughout their careers. We distribute our        products through established
relationships  in  the  spirits,  beer,  and  wine distribution  industry.  Our
management's relationships with                      manufacturers, distillers,
development/research companies,  bottling  concerns,  and   certain   customers
provide  the  foundation  through which we expect  to grow our business in  the
future.

"Safe Harbor" Statement under the Private Securities  Litigation  Reform Act of
1995  Statements in this press release relating to plans, strategies,  economic
performance  and  trends,  projections  of  results  of  specific activities or
investments, and other statements that are not descriptions of historical facts
may be forward-looking statements within the meaning of the  Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act  of  1933  and
*Section  21E  of  the  Securities  Exchange  Act  of  1934.  Forward-  looking
information  is  inherently  subject  to  risks  and  uncertainties, and actual
results  could  differ  materially from those currently anticipated  due  to  a
number of factors, which include, but are not limited to, risk factors inherent
in doing business. Forward-looking  statements  may be identified by terms such
as   "may,"   "will,"   "should,"   "could,"  "expects,"  "plans,"   "intends,"
"anticipates," "believes," "estimates,"  "predicts,"  "forecasts," "potential,"
or  "continue," or similar terms or the negative of these  terms.  Although  we
believe  that  the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity, performance
or achievements.  The company has no obligation to update these forward-looking
statements.

For more information please contact:

Monarch Media, LLC
Vincent Zaldivar
702-364-0401 or visit
www.amerigoholdings.com