Anglo Swiss Resources Inc.
TSX VENTURE : ASW
OTC Bulletin Board : ASWRF
BERLIN : AMO

Anglo Swiss Resources Inc.

October 16, 2007 09:30 ET

Anglo Swiss Resources Completes Drilling Program-Fry Inlet Diamond Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 16, 2007) - Anglo Swiss Resources Inc. (TSX VENTURE:ASW) (OTCBB:ASWRF) (BERLIN:AMO) is pleased to announce that it has completed the 2007 drill program on the Fry Inlet Diamond property in the Lac de Gras region of the NWT. The program ran from August 17, 2007 thru September 22, 2007.

The drill program targeted a cluster of seven high-priority targets inclusive of the significantly diamondiferous LI 201 kimberlite. The LI 201 kimberlite produced 14 macrodiamonds and 46 microdiamonds from a previous drill program under the direction of Kennecott in the 1990s from 281 kg. of kimberlite. The LI 201 was re-drilled and all kimberlite core produced from this program will be analyzed for diamonds using existing sampling standards within the industry.

The Fry Inlet kimberlite core has been shipped to the Company's Kenville Mine facility and is currently undergoing splitting and then will be submitted to an accredited diamond facility for analysis. Results for the 2007 program will be released in its entirety upon receiving the report from the diamond analysis.

The Company is now focusing its efforts on drilling on the Kenville Gold Mine property located 10 kilometers west of the City of Nelson, in south-eastern British Columbia. This property is 100% owned by Anglo Swiss Resources Inc. A recent geophysical program has been completed in September of 2007 (Release dated October 4, 2007).

Results of this geophysical work, in combination with past geochemical surveys and drill programs have been evaluated on a 1000+ meter (3280 feet) north-south indicated porphyry target on the western portion of the Kenville Gold Mine property. The 2007 IP surveys were carried out over an area of the property containing strongly anomalous coincident values in copper, gold, silver and molybdenum, obtained from previous soil sampling programs.

The Phase 1 drill program will consist of at least 8 diamond drill holes carried out along the strike of the anomalous zone and will total approximately 1500 metres (4,921 feet) of drilling. The Company is planning a Phase 2 program of an additional 5,000 meters (16,400 feet) upon evaluation of the Phase 1 drill program.

About Anglo Swiss Resources: www.anglo-swiss.com

Anglo Swiss Resources holds key gold (British Columbia) and diamond (North West Territories) properties in close proximity to successful mining operations. The Company is currently drilling on the Lac de Gras diamond project and will shortly begin drilling the Kenville gold project near Nelson, British Columbia.

For further information, investors are asked to visit the Anglo Swiss Resources Investor Relations Hub at www.agoracom.com/IR/AngloSwiss or email to ASW@agoracom.com. To find out more about Anglo Swiss Resources, visit our website at www.anglo-swiss.com.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.

Contact Information

  • Anglo Swiss Resources Inc.
    Len Danard
    President & CEO
    (604) 683-0484
    (604) 683-7497 (FAX)
    Email: info@anglo-swiss.com
    Website: www.anglo-swiss.com
    or
    The Howard Group Inc.
    Jeff Walker
    Investor Relations - Canada
    Toll Free: 1-888-221-0915
    or
    The Howard Group Inc.
    Grant Howard
    Investor Relations - Canada
    Toll Free: 1-888-221-0915
    Website: www.howardgroupinc.com
    or
    Investor Awareness Inc.
    Tony Schor
    Investor Relations - United States
    (847) 945-2222
    or
    Investor Awareness Inc.
    Jim Foy
    Investor Relations - United States
    (847) 945-2222
    Website: www.investorawareness.com