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

Anglo Swiss Resources Inc.

January 07, 2008 08:02 ET

Anglo Swiss Resources' Kenville Mine Property Receives Mine Permit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2008) - Anglo Swiss Resources Inc. January 7, 2008 ("Anglo Swiss") (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) announces that its wholly owned subsidiary, Kenville Sand and Gravel Inc., has been granted a Mine Permit (Q-5-111) from the British Columbia Ministry of Energy Mines and Petroleum Resources for the purpose to operate a quarry on the Anglo Swiss Resources "Venango site". It is located on the Kenville Mine property near Nelson, British Columbia.

The purpose of the quarry is to extract waste granitic rock from previous gold operations. The quarry will crush and screen the material on hand from previous tunneling on the Kenville property into drain rock size products for the local Nelson/Castlegar area aggregate market. Kenville Sand and Gravel plans to initially process 6500 tonnes of material to ensure the material is available for the start of the Spring construction season.

The crushing and screening will be processed at the company's recently refurbished Kenville mill and plant located approximately 500 metres from the Venango waste rock dumps.

From the product screening operations, the crushed fines will be evaluated for metal content such as gold. As the waste rock contains numerous quartz veinlets sourced from the old Venango mine development, the Company anticipates the recovery of quartz fines, which are expected to contain gold and other metallic minerals.

Considering market conditions, Kenville Sand and Gravel is planning to expand its drain rock production by extracting waste rock material from other existing mine waste dumps on the property.

As per Section 21 of the British Columbia Mines Act, the owner, Anglo Swiss Resources, must appoint a qualified manager to be responsible as accordance to the Mines Act and the Health, Safety and Reclamation Code for Mines in British Columbia. The Company has appointed Edward J. Nunn, P. Eng. to act in the manager position.

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

This press release contains forward-looking statements which are based on Anglo Swiss' current internal expectations, which may prove to be incorrect. These statements are not a guarantee of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties that are common to junior mineral exploration companies. These risks and uncertainties include, among other things, Anglo Swiss' need for additional funding to continue its exploration efforts, changes in general economic, market and business conditions; and competition for, among other things, capital and skilled personnel. Anglo Swiss undertakes no obligation to update or revise any forward-looking statements except as required by applicable securities laws.

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
    1-847-945-2222
    or
    Investor Awareness Inc.
    Jim Foy
    Investor Relations - United States
    1-847-945-2222
    Website: www.investorawareness.com