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

Anglo Swiss Resources Inc.

January 15, 2008 09:00 ET

Anglo Swiss Resources Inc. to Carry Out Phase Two-10,000-Meter Diamond Drill Program on the Kenville Gold Mine Property, Nelson, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2008) - Anglo Swiss Resources Inc. ("Anglo Swiss") (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) is pleased to report that the Company has finalized a 10,000-meter diamond drilling contract for the 2008 exploration program at the Kenville Gold Mine property with Full Force Drilling Limited of Peachland, BC.

Full Force Drilling also carried out the October 2007, Phase One diamond drilling program on the Kenville property, consisting of 5 drill holes, totaling 1365 meters or 4478 feet of drilling.

Based on the visual concentrations of both disseminated porphyry-style copper mineralization as well as extensions to the gold and silver bearing Eagle vein system, the Company feels strongly confident and committed towards carrying out an extensive and thorough diamond drill exploration program of the Kenville property.

Decisions to carry out such an extensive drilling program have been based on several factors:

1. All of the 2007 drill holes contained variable concentrations of disseminated chalcopyrite and pyrite hosted within magnetite-bearing diorite host-rocks, typical of an alkalic copper-gold porphyry deposit-type. Well-mineralized sections of the Eagle gold vein system were intersected in the final two holes of the drill program. The company is currently awaiting analytical results from Phase One drilling and plans to release this information by the beginning of February, 2008.

2. Coincident geochemical and IP chargeability anomalous zones extend through approximately one kilometer of strike throughout the western portion of the Kenville property. A small portion of the coincident geochemical - IP target area was tested by a five-hole diamond drill program carried out in October of 2007, substantiating the presence of porphyry copper/gold deposit-type mineralization.

3. The proposed drilling program is to be carried out immediately adjacent to the historic Kenville Gold Mine, which produced 2,029 kilograms (65,236 ozs) gold and 861 kilograms silver (27,686 ozs) from 158,212 tonnes (174,398 tons) of milled ore. The statistical production grade for gold from the Kenville Gold Mine is 0.327 Au oz/t or 11.15 g/t Au.

4. Diamond drill programs by Teck Exploration Ltd. in 1995 and 1996, contained numerous copper and/or gold intercepts, but did not properly test the potential copper-gold porphyry target due to limited access on the property at that time. The high-grade gold-quartz Eagle vein system was discovered in two holes of the 1995 drill program. The Eagle vein was intercepted in TK95-05 and assayed 82.15 grams per tonne gold (2.4 ounce per ton Au) and 34.1 grams per tonne silver (one ounce per ton Ag) across 0.26 meter or 0.85 foot.

5. Several diamond drill holes, drilled by Kenville Gold Mines on the west side of the Kenville property in 1945 and 1946 contained numerous intersections of copper mineralization. The copper potential was virtually ignored and not assayed as drilling at that time was solely directed towards new discoveries of gold-bearing quartz veins.

Anglo Swiss is very optimistic in regards to the ongoing exploration success for the Kenville property. The Company has raised funds in excess of 4 million dollars to complete a definitive evaluation of both the copper-gold porphyry potential of the property as well as the ongoing exploration of high-grade gold silver veins such as the Eagle gold vein system.

The planned 10,000-meter diamond drill program will test the Kenville property throughout its entirety. Estimating an average hole depth of 200 meters per hole, the drill program will allow for the drilling of at least 50 drill holes, providing a comprehensive evaluation of the Kenville copper/gold porphyry target. The start-up date for the 2008 drilling program is expected on or before May 1, 2008.

The technical contents of this release have been approved by Greg Thomson, P. Geo., a Qualified Person as defined in NI 43-101.

About Anglo Swiss

Anglo Swiss is a mineral exploration company focused on creating shareholder value through the acquisition and development of quality precious/base metal and gemstone properties that have undiscovered resource potential. The company is actively exploring and drilling its 100% owned, advanced staged Kenville Gold Property located in southeastern British Columbia with the goal of developing a world-class porphyry copper and gold deposit. The company is also in the process of exploring a diamondiferous bearing kimberlite property, known as the Fry Inlet Diamond Property, located in the Lac de Gras region of Canada's Northwest Territories in which it has the right to earn up to a 60% interest pursuant to an option and joint venture agreement with New Shoshoni Ventures Ltd.

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.

Reader Advisory: The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Anglo Swiss Resources Inc.
    Len Danard
    President and Chief Executive Officer
    (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