VANCOUVER, BRITISH COLUMBIA, Aug 14, 2007 -- Anglo Swiss Resources Inc. (TSX VENTURE: ASW) (OTC Bulletin Board: ASWRF) (BERLIN: AMO) is pleased to announce the completion of a survey involving approximately 18.0 line kilometres of total field magnetics and approximately six line kilometres of horizontal loop electromagnetics on the Fry Inlet Diamond property. Standard gridding was completed earlier this month on 100-metre lines for the horizontal loop EM surveys. The total field magnetic survey was completed using non-differential GPS navigation and control by Aurora Geosciences Ltd. of Yellowknife, NWT.
MPH Consulting Ltd. of Toronto, Ontario has interpreted the 2007 data to assist the Company in selecting drill targets and orientation on the upcoming 1500 meter drill program. Anglo Swiss Resources' technical staff with assistance from MPH has selected a cluster of seven targets for NQ drilling, including re-drilling the significantly diamondiferous LI-201 kimberlite.
The LI 201 kimberlite produced 14 macrodiamonds and 46 microdiamonds from a previous drill program in the 1990s and is contained within the cluster target area. Anglo Swiss Resources' technical staff believes that even though the previous drill program in the 1990s produced diamonds, the drill location did not catch the main body of the kimberlite as the hole was collared on the northeastern fringe of the kimberlite.
Anglo Swiss Resources believes that the previous drill program was ended prematurely as only two holes encountered kimberlite with less than 300 kilograms of kimberlite tested, recovering 60 diamonds larger than a 0.15-millimetre cut-off. Three gems sat on a 0.5-millimetre sieve and one clung to a one-millimetre mesh, providing encouragement the kimberlite contains commercial diamonds.
One vertical hole drilled at the time encountered 80 metres of kimberlite and an angled test produced a 40-metre intersection. Anglo Swiss Resources believes further drilling will yield a significant expansion of the known dimensions of the body, especially in length.
The Fry Inlet diamond property is located approximately 25 kilometres north of BHP Billiton's Ekati diamond mine property and Aber/Rio Tinto's Diavik diamond mine property, Canada's first two diamond mines. In light of the close proximity to producing diamond mines, the presence of numerous diamondiferous kimberlites and kimberlite indicator minerals, Anglo Swiss Resources believes this summer's drill program is highly prospective for the further discovery of diamonds.
About Anglo Swiss Resources, Inc.
Anglo Swiss Resources is a Canadian mining company engaged in the acquisition and exploration of mineral properties. Its exploration properties include: four distinct claim groups located in the Lac de Gras region of the NWT (diamonds), and in south-eastern British Columbia the historic Kenville Gold Mine (copper, gold, silver and molybdenum), the Blu Starr Gemstone Property (sapphire, iolite, garnet and graphite) and the McAllister Pipe Property (lamproitic diatreme - diamonds).
To find out more about Anglo Swiss Resources, visit our website at www.anglo-swiss.com . The contents of this release have been approved by Derrick Strickland, P.Geo., a Qualified Person as defined in NI 43-101.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.
Contacts:
Anglo Swiss Resources Inc. - Corporate Inquiries
Len Danard
President & CEO
(604) 683-0484
(604) 683-7497 (FAX)
Email: info@anglo-swiss.com
Website: www.anglo-swiss.com
AGORACOM Investor Relations
Investor Relations Canada
Email: ASW@agoracom.com
Website: www.agoracom.com/IR/AngloSwiss
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Tony Schor
Investor Relations United States
(847) 945-2222
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Investor Relations United States
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