News Release of The Howard Group's Client

14:34 EST Tuesday, November 03, 2009

VANCOUVER (Business Wire) -- Anglo Swiss Resource Inc. has entered into an Option to Purchase Agreement with Thomas Cherry of Nelson, British Columbia wherein Anglo Swiss may acquire a 100% interest in the Referendum Gold property, subject to regulatory approvals.

The Referendum Gold Property consists of 19 contiguous staked mineral claims covering 1,381 hectares. Consideration from Anglo Swiss consists of payments totaling $250,000 plus 300,000 Anglo Swiss common shares by the 5th anniversary of the Agreement. The Agreement is subject to a Royalty Interest of a 2.5% net smelter return. Anglo Swiss may at any time purchase the Royalty Interest for $2,000,000.

The Referendum Gold Property is situated on the southern borders of Anglo Swiss' 100% owned Kenville Gold Mine Property including the recently optioned (60%) Ron Gold property located 10 kilometres from Nelson, BC. This acquisition greatly enhances Anglo's land position to the south, extending the potential strike length of the regional geological trend along the Silver King Shear Zone. The Silver King Shear is the host to numerous historical gold, copper and silver mines in southeastern British Columbia including Anglo's Kenville Gold Mine.

Anglo Swiss' engineering and geological consultants are presently developing a geological computer model of the Kenville Mine property area, which includes structural geology, the mineralized quartz vein systems, aggregate and previously mined underground workings. This model will have the capacity to determine resource grade and tonnage, and can also be used as a mine-planning tool. The addition of the Referendum Gold and the Ron Gold properties' geological data sets will allow Anglo Swiss to expand its geological model to include more regional geology, which will assist in determining mineralized zones of interest throughout the entire 16 square kilometre Kenville Gold Property Group.

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

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.

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