Anglo Swiss Resources Inc.
OTC Bulletin Board : ASWRF

Anglo Swiss Resources Inc.

April 27, 2007 09:01 ET

Anglo Swiss Resources Initiates 2007 Diamond Exploration Programs, Lac de Gras, NWT

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 27, 2007) - Anglo Swiss Resources Inc. (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) is pleased to announce it has approved exploration programs and budgets for the year on all of its diamond properties in the NWT of Canada. The Company has 4 distinct properties of merit within the Lac de Gras - Slave Craton region.

In light of the close proximity to producing diamond mines, the presence of numerous diamondiferous kimberlites and kimberlite indicator minerals, Anglo Swiss Resources believes these properties are highly prospective for the further discovery of diamonds.

The Fry Inlet property is the Company's most advanced property and is host to the significantly diamondiferous LI 201 kimberlite which produced 60 diamonds from 281 kilograms of kimberlite (14 macrodiamonds and 46 microdiamonds) from a previous drill program by Kennecott in the 1990's. Kennecott limited its diamond recoveries to stones larger than a 0.15 millimetre cut-off, a significantly larger limit than most other labs now employ. As well, 14 of the stones measured longer than 0.5 millimetre in one dimension, and one was large enough to sit on a one-millimetre sieve. The Company anticipates that the 2007 drill program will produce a larger diamond count plus larger stones.

Fry Inlet Diamond Property is located approximately 25 kilometers north of BHP Billiton's "Ekati Diamond Mine property" and Aber/Rio Tinto's "Diavik Diamond Mine property", Canada's first two diamond mines. This claim group totals 91,856 acres and hosts the LI 201 significantly diamondiferous kimberlite.

Fry Inlet 2007 Exploration - 1500 Meter Drill Program

Anglo Swiss Resources is permitted for a 5 year drill program and initially has selected a cluster of 7 high priority targets inclusive of the significantly diamondiferous LI 201 kimberlite for drilling in 2007. Anglo Swiss Resources believes the close proximity of the reported LI 201 kimberlite to high priority geophysical targets in a cluster of anomalies infers that previous drilling may have missed other larger intrusions within the immediate area. The LI 201 will be re-drilled and tested as the first 2007 target utilizing existing sampling standards.

2007 Airborne Geophysics

The Company also plans to perform airborne geophysics on the western portion of the Fry Inlet Property, approx. 2,398 line-kilometers, as there also appears to be a cluster-like assemblage of 5 targets to the north-west with 7 kimberlite indicator mineral trains ("KIM's") apparent. The trains appear to be dominated by eclogitic garnet and picroilmenite grains. MPH Consulting Ltd. ("MPH") will again analyze the flight data and report their findings.

5 Individual Claims (UL 1 through 5 for 12,912 acres - formerly referred to as the "Group of 4 Claims") are a 100% interest and located within the "Ekati Trend". These claims are located within 10 kilometers of the diamond-bearing Wombat and Wallaby kimberlites where major exploration and definition programs are planned by Archon Minerals/BHP Billiton. The 2005 test of Wombat produced 91 microdiamonds from about 79 kilograms of kimberlite, including 11 stones that sat on a 0.425-millimetre mesh. The entire sample suggested a microdiamond grade of about 0.85 carat per tonne, although an accurate grade will take a much larger test and larger diamonds.

2007 Exploration

Exploration in 2007 will include detailed ground magnetic, ground frequency-domain electromagnetic (HLEM) and gravity grids. Ground penetrating radar data should also be considered to discriminate targets that are overlain by water. These data could possibly be used to discriminate the presence of porous kimberlitic material or structural features beneath lake-bottom clays and will include airborne geophysics and surface exploration similar to the Fry Inlet property.

The Falcon Bay Diamond Property consists of a 100% interest in claims covering approximately 52,459 acres in the diamond producing area of Lac de Gras, NWT approximately 25 kilometers south of the Diavik Diamond property and is proximal to the DO-27 Kimberlite currently the focus of a detailed exploration program by Peregrine Diamonds et al.; and

Fishing Lake Diamond Property, located some 110 kilometers north of Yellowknife, NWT, toward the western margin of the Slave Craton. The Fishing Lake property covers a 100% interest in 8,467 acres and covers a region containing the probable source area for kimberlite indicator mineral trains (KIM's) identified during the first stage of exploration for diamonds on the Slave Craton:

2007 Exploration

These two properties will also be surveyed by airborne geophysics during the 2007 season. Single-sensor Magnetic and five-sensor Electromagnetic data will be collected similar to the 2006 airborne performed by Fugro Airborne Surveys. MPH Consulting Ltd. will analyze the flight data and report their findings. Ground geophysics and sampling will follow the airborne program to confirm potential diatreme models - prime contexts for the possibility of diamond bearing kimberlites.

On behalf of the Board,

Len Danard, President & CEO

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

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