17:07 EST Tuesday, December 09, 2008

FSC / Press Release

Anglo Swiss Resources Inc. Announces Financing with the MineralFields Group

Vancouver, British Columbia CANADA, December 09, 2008 /FSC/ - Anglo Swiss Resources Inc. (ASW - TSX Venture, ASWRF - OTCBB, AMO - FWB), ("Anglo Swiss") announced today that it intends to complete the following non-brokered private placement (the "Private Placement"), subject to receipt of all applicable regulatory approvals:

(i) up to 5,500,000 flow-through units of Anglo Swiss ("Flow-Through Units") at a price of $0.10 per Flow-Through Unit for total gross proceeds of up to $550,000, each Flow-Through Unit consisting of one flow-through common share and one non-flow-through common share purchase warrant of Anglo Swiss ("Warrant"), each Warrant entitling the holder thereof to acquire one non-flow-through common share of Anglo Swiss ("Share") for a period of 24 months from the closing of the Private Placement at a price of $0.18 per Share during the first 12 month period and at a price of $0.25 per Share during the second 12 month period.
All securities issuable under this Private Placement will be subject to a hold period under Canadian securities laws of four months and one day from the closing date.

Anglo Swiss intends to use the proceeds from the Private Placement to fund further exploration on its wholly-owned Kenville Gold Property and on the Fry Inlet Diamond Property in which it is earning up to a 60% interest pursuant to an option and joint venture agreement.

The MineralFields Group has advised Anglo Swiss that it intends to acquire 5,000,000 Flow-Through Units for gross proceeds of $500,000. "We are very pleased to be renewing our relationship with MineralFields Group", said Len Danard, President and CEO. "This is another important milestone in the growth of Anglo Swiss Resources Inc. and we look forward to working with the MineralFields Group as we develop our holdings in British Columbia and the NWT of Canada."

About MineralFields, Pathway and First Canadian Securities (r)
MineralFields Group (a division of Pathway Asset Management), based in Toronto and Vancouver, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities (r) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities (r).