Anglo Swiss Resources Inc.
OTC Bulletin Board : ASWRF

Anglo Swiss Resources Inc.

January 20, 2006 09:00 ET

Anglo Swiss Resources Acquires Diamond Claims in the 'Ekati Trend'; Company Increases Claims to 170,000 Acres in Lac de Gras, NWT

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 20, 2006) - Anglo Swiss Resources Inc. (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) has entered into an agreement with Impala Resources Inc., a private B.C. company, whereby Anglo Swiss has acquired a 100-per-cent interest to 4 strategically located mineral claims (UL 1&2 and AFR 6&7), covering approximately 10,330 acres situated within the diamond producing area of Lac de Gras, NWT.

Two of the claim groups are located within the newly penned "Ekati Trend" approximately 40 kilometres northeast of the Ekati diamond mine; and two claims are located 35 kilometers south of the DO27 diamondiferous kimberlite currently the focus of detailed exploration by Peregrine Diamonds et al. The company's new claims cover kimberlite indicator minerals (KIM) anomalies and airborne geophysical anomalies which require further work to prioritize drill targets.

Anglo Swiss will continue to evaluate other diamond properties within the Lac de Gras/Slave Craton area that meet its acquisition criteria. Anglo Swiss has since June of 2005, positioned itself as the majority holder of over 170,000 acres of claims of merit in under explored areas with unexplained kimberlite indicator mineral trains and/or kimberlite targets near known kimberlites and diamond mining operations.

Anglo Swiss has with this announcement acquired a majority interest in four projects which meet the acquisition criteria:

The Fry Inlet Diamond property consists of two adjacent properties located near Lac de Gras and lie approximately 60 kilometres north of the Ekati diamond mine, and 90 kilometres north of the Diavik diamond mine, Canada's first two diamond mines. These claim groups total 91,856 acres and host the LI 201 diamondiferous kimberlite. A technical report with further exploration recommendations has been filed on this property and is available on SEDAR. Work programs will commence this winter.

The MS 1-25 claim group covers approximately 52,459 acres in the diamond producing area of Lac de Gras, NWT. This acquisition is located approximately 35 kilometres southeast of the Diavik diamond mine and is proximal to the DO-27 kimberlite currently the focus of detailed exploration by Peregrine Diamonds et al. The MS claims cover kimberlite indicator minerals (KIM) anomalies and airborne geophysical anomalies which require further work to prioritize drill targets this year.

The Fishing Lake Diamond property lies about 110 kilometres north of Yellowknife, NWT, toward the western margin of the Slave Craton. The Fishing Lake property covers 16,631 acres and covers a region containing the probable source area for kimberlite indicator mineral trains identified during the first stage of exploration for diamonds on the Slave Craton in the mid 1990's. Work programs will commence this winter.

These five claim groups total over 170,000 acres and are the probable source areas for unresolved KIM trains and include known diamondiferous kimberlite and numerous anomalies which warrant additional exploration. Anglo Swiss is currently compiling new and existing information from public and private sources for these claims to better prioritize further exploration, drill targets and bulk sampling.

In light of the close proximity to producing diamond mines, the presence of numerous diamondiferous kimberlites and KIMs, management is of the opinion that these properties are highly prospective for the further discovery of diamonds and that the acquisition of these claims significantly enhances the company's property position in the Lac de Gras region.

The acquisition of the four additional claims is subject to exchange approval and requires the Company to make cash payments totalling $12,500 and issuing one million shares of Anglo Swiss to the vendor. The vendor retain a 2-per-cent gross overriding royalty (GORR) on any diamond production, of which the company may purchase 1 per cent point for $1.0-million. A kimberlite discovery bonus is included by which the Company will pay to the vendor 200,000 common shares for each new kimberlite discovered, to a maximum of two million shares.

McAllister Property, South-east British Columbia

In lieu of the Company's major focus on the Lac de Gras region for diamond exploration the Company has retained 8 mineral claims (4,840 acres) in southeastern British Columbia for diamond exploration. The main focus of the McAllister property is the McAllister Diatreme, identified as the host of a potential diamondiferous lamproite. The Company will re-assess the merits of this property within the current exploration year.

On behalf of the Board,

"Len Danard", President & CEO



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