The Howard Group

News Release September 23 , 2009
Anglo Swiss Resources Inc. (TSX.V -ASW) (OTCBB - ASWRF) (BERLIN - AMO)

Anglo Swiss Resources Inc. Options Ron Gold Property from Klondike Gold Corp.

 

15:10 EDT Thursday, September 24, 2009

VANCOUVER (Business Wire) -- Anglo Swiss Resource Inc. (“Anglo”) (TSX Venture: ASW) (OTCBB: ASWRF) (FRANKFURT: AMO.F), is pleased to announce, subject to regulatory approval, that it has entered into an Option/Joint Venture Agreement (the “Agreement”) with Klondike Gold Corp. (“Klondike”) wherein Anglo will earn up to a 60% interest in the Klondike's Ron Gold property.

The Ron Gold Property consists of 37 contiguous staked mineral claims and one crown granted mineral claim covering 1,492 hectares. Consideration from Anglo consists of paying $200,000, issuing 100,000 Anglo shares and incurring up to $650,000 in exploration expenditures by the 4th anniversary of this Agreement. This Agreement is subject to an underlying agreement with an arm's length party that comes with a 2% net smelter return royalty (the “Original Royalty Interest”). Anglo may at any time purchase three-quarters (1.5%) of the Original Royalty Interest from the holder of the Original Royalty Interest for $500,000. Klondike also holds an additional royalty equal to 1% of net smelter returns (the “Second Royalty Interest”). Anglo may at any time purchase 100% of the Second Royalty Interest from Klondike for $500,000.

Upon completion of the 60% earn-in, a joint venture will be formed between the Anglo and Klondike.

The Ron Gold claims are situated on the eastern, western and southern borders of Anglo's 100% owned Kenville Gold Mine Property. This acquisition greatly enhances Anglo's land position to the south, which extends the potential strike length of the regional geological trend along the Silver King Shear. The Silver King Shear is the host to numerous historical gold and silver mines in southeastern British Columbia including Anglo's Kenville Gold Mine.

Anglo's consultants are presently developing a geological computer model of the Kenville property area, which includes structural geology, the mineralized quartz vein system, and previously mined underground workings. The addition of the Ron Property geological data will allow Anglo Swiss to expand its geological model to include more regional geology, which will assist in determining mineralized zones of interest on both properties.

Ted Nunn, P.Eng., a Qualified Person under National Instrument 43-101, has approved the technical content of this News Release.

 

About Anglo Swiss

Anglo Swiss is a mineral exploration company focused on creating shareholder value through the development of its advanced staged Kenville Gold Mine property located in southeastern British Columbia.

The Kenville Gold Mine has 6 levels with the main production levels known as the 257 Level and the 275 Level. The 257 Level has a NI 43-101 report under review with a resource of 590,518 tonnes and 250,845 ounces of gold. Work is underway on the 275 Level to expand the known gold resource within the Kenville Gold Mine footprint. Underground and surface drill programs are in the permitting stage for the months ahead to expand the gold resource to depth within the Mine and to further explore the Eagle Vein system, the Jackpot Mine claim and the White claim. A 375 meter drift is in the permitting stage to provide access from the 257 level to the Eagle Vein structure that runs parallel to Level 257.

The newly expanded 200 tonne per day pilot plant is expected to be operational prior to the end of the year. The Kenville Gold Mine is one of the oldest and most prolific producers in the district, producing intermittently from 1890 to 1954, with the bulk of production from 1899 to 1912.

 

The Company is also in the process of exploring for diamonds and gemstones in Canada. 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. Please visit the company's website at www.anglo-swiss.com.

This news release includes certain forward-looking statements respecting the future performance of the Company's business, its operations, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements unless required by law. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company's recent continuous disclosure filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon.

For further information contact:

Anglo Swiss Resources Inc.
Howard Group Inc.

Corporate Inquiries
Len Danard President & CEO
(604) 683-0484
(604) 683-7497 (FAX)
Email: info@anglo-swiss.com Website: www.anglo-swiss.com

Investor Relations - Canada
Grant Howard / Jeff Walker
Toll Free: 1-888-221-0915
Phone: 1-403-221-0915
(403) 237-8387 (FAX)
info@howardgroupinc.com
www.howardgroupinc.com

The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.