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

Anglo Swiss Resources Inc.

October 19, 2005 08:00 ET

Anglo Swiss Resources Commences Diamond Exploration on Lac de Gras-Slave Craton, NWT Properties

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 19, 2005) - Anglo Swiss Resources Inc. (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) is an exploration company focused on locating diamond-bearing kimberlites in the Lac de Gras area, NWT, Canada. The Company's philosophy is to obtain majority ownership of under-explored areas with unexplained kimberlite indicator mineral trains ("KIM's") and/or kimberlite targets near known kimberlites and diamond mining operations.

Anglo Swiss has now acquired three projects which meet the acquisition criteria. Two adjacent properties, are located near Lac de Gras and lie approximately 60 kilometers north of the Ekati Diamond Mine, Canada's first diamond mine. These claim groups total 91,856 acres and were originally explored during the first phase of diamond exploration during the staking rush which followed the discovery of the diamond rich kimberlites now part of the Ekati Mine.

The Anglo Swiss claims were explored on a preliminary basis with the technology of the time and one occurrence of diamondiferous kimberlite was located. The claims had no further work performed and upon lapsing were acquired by other groups, familiar with the area, from which Anglo Swiss subsequently acquired them. These new Anglo Swiss claims lie on the Slave Craton within the widely regarded "Corridor of Hope" within the Lac de Gras area.

In light of the known diamondiferous kimberlite and the presence of KIM's, management is of the opinion that these properties are highly prospective for the discovery of diamonds and that the acquisition of these claims significantly enhances the Company's property position within the Lac de Gras region.

The other Anglo Swiss diamond project, known as the "Fishing Lake property", lies some 110 kilometers 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.

Anglo Swiss is currently compiling new and existing information from public and private sources for its claims, and is conducting a program of selected till sampling in the field to better prioritize further exploration and drill targets.

Anglo Swiss will continue to evaluate other diamond properties within the Lac de Gras/Slave Craton NWT area that meet its acquisition criteria. Anglo Swiss intends to position itself as a majority holder 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.

On behalf of the Board,

Len Danard, President & CEO


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