PRESS RELEASE: Amerigo Energy, Inc.

Amerigo CEO provides update to shareholders

HENDERSON, Nev. January 8, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Amerigo Energy,
Inc. "The  Company"  (OTCBB: AGOE),  is  pleased  to  provide  this  update  to
shareholders.

The Company has been evaluating key alliances and strategies for the company to
 continue to build  shareholder value. Jason  Griffith, Chief Executive Officer
 of Amerigo Energy, stated "One of the ways we are  working towards  increasing
shareholder value is by  evaluating  existing  revenue producing and cash  flow
positive companies as potential acquisition targets.  We  have found particular
interest in the  technology  space and are  going to continue our due diligence
on potential acquisitions and investments."

The  Company  will  notify  shareholders of  any  developments  once  they  are
finalized.

The Company also  noted the  cancellation of  a consulting  contract which will
return and  cancel 1,000,000  shares of the  Company's  common stock.  Griffith
continued,  "As  has  been  stated  previously, the  Company  is  committed  to
maintaining  the integrity  of the capitalization  structure of the company and
this is another indication of our desire to focus on shareholder value."

About Amerigo Energy, Inc.

Amerigo has historically derived our revenues from various sources.Our strategy
has developed into leveraging management's relationships in the business world
for investments for the Company.

"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:

Jason Griffith
702-399-9777