Anglo Swiss Resources Inc. Completes Nelson Mining Camp Property Acquisitions

VANCOUVER, British Columbia, Feb 25, 2010 (BUSINESS WIRE) --

Anglo Swiss Resources Inc. has completed the addition of over 11,756 hectares of mineral tenures on the eastern, western and southern boundaries of its Nelson Mining Camp ("NMC") near Nelson, British Columbia. Through a series of purchase agreements and mineral staking, briefly described below, the Company has significantly increased its impressive footprint within the southeastern region of British Columbia.

The NMC now consists of over 15,000 hectares providing a large footprint of prospective land as the Company works towards meeting its goal of defining a gold enriched poly-metallic discovery.

Len Danard, President & CEO remarks, "This accomplishment of assembling this land position over the past few months has been a major under taking for Anglo Swiss Resources Inc. This is the first time in the history of this area that we are aware of that a land package of this scope has been accomplished. There are multiple historic mines and workings that, as they say where there is smoke there is fire. We would like to thank all the parties that participated in coming together with us in this common goal, of identifying and bringing a new major discovery to this historically mineral rich area of British Columbia."

The 2010/2011 exploration programs over the 50 square kilometres are being designed to locate any source(s) of the known gold, silver and poly-metallic minerals at depth and to expand upon the current gold resources at the Kenville Gold Mine. An airborne Aeroquest MAG/EM geophysical survey is scheduled for late March which will cover the entire property and assist in the targeting of deeper potential mineralized bodies and assist in delineating the extent of the known mineralized systems. An extensive surface diamond drill program will begin in April of 2010.

The NMC is host to the Company's 100-per-cent-owned Kenville gold mine plus over twenty known past producing underground mines, numerous surface adits and old workings. The Company in late 2009 acquired the Ron Gold property (60%) and the Referendum Gold property (100%). The recent acquisitions have greatly enhanced Anglo Swiss Resources' land position to the south, east and west extending the potential strike length of the regional geological trend along the Silver King Shear Zone.

The Silver King Shear zone is the host to numerous historical gold, copper and silver mines in southeastern British Columbia with Anglo's Kenville Gold Mine located nearby. The hypothesis is that the possible conduits or source(s) for precious and base metals within the Nelson Mining Camp at depth have never been systematically tested by modern geophysics, surface drilling and computer modeling.

The following options to purchase agreements are subject to regulatory approvals.

* Anglo Swiss Resources Inc. on December 7 of 2009 entered into an option to purchase agreement with Bruce Doyle of Nelson, B.C., wherein Anglo Swiss may acquire a 100-per-cent interest in the Silver Lynx claim group.

The Silver Lynx claim group consists of 15 contiguous staked mineral claims covering 1,200 hectares. Consideration from Anglo Swiss consists of payments totaling $100,000 plus 200,000 Anglo Swiss common shares by the third anniversary of the agreement. The agreement is subject to a royalty interest of a 1.5-per-cent net smelter return. Anglo Swiss may, at any time, purchase the royalty interest for $1-million.

* Anglo Swiss Resources Inc. on December 7 of 2009 entered into an option to purchase agreement with Bruce Doyle of Nelson, B.C., wherein Anglo Swiss may acquire a 100-per-cent interest in the Mount Nelson property.

The Mount Nelson property consists of 2 contiguous staked mineral claims covering 524 hectares. Consideration from Anglo Swiss consists of payments totaling $100,000 plus 100,000 Anglo Swiss common shares by the third anniversary of the agreement. The agreement is subject to a royalty interest of a 1.5-per-cent net smelter return. Anglo Swiss may, at any time, purchase the royalty interest for $1-million.

* Anglo Swiss Resources Inc. on December 12 of 2009 entered into an option to purchase agreement with 49er Creek Gold Corp. of Kelowna, B.C., wherein Anglo Swiss may acquire a 100-per-cent interest in the 49er Creek Gold Corp. property.

The 49er Creek Gold Corp. property consists of 158 contiguous staked mineral claims covering approximately 5,000 hectares. Consideration from Anglo Swiss consists of payments totaling $750,000 plus a minimum of 1,600,000 Anglo Swiss common shares by the fourth anniversary of the agreement. The agreement is subject to a royalty interest of a 2.5-per-cent net smelter return. Anglo Swiss may, at any time, purchase the royalty interest for $2-million and a further issuance of 500,000 Anglo Swiss common shares.

* Anglo Swiss Resources Inc. on January 21 of 2010 entered into an option to purchase agreement with Thomas Cherry of Nelson, B.C., wherein Anglo Swiss may acquire a 100-per-cent interest in the Gold Hill property.

The Gold Hill property consists of 1 staked mineral claim covering 25 hectares. Consideration from Anglo Swiss consists of payments totaling $50,000 by the fourth anniversary of the Agreement; plus one issuance of 15,000 Anglo Swiss common shares for the 100% purchase of a royalty interest of a 2.0-per-cent net smelter return.

* Anglo Swiss Resources Inc. has staked 10 mineral claims, named the Silver South Claim group for a total of 4,818 hectares located immediately south of the southern boundary of the Nelson Mining Camp. The Silver South Claim group will be subject to the upcoming airborne survey.

The Company has initiated the most aggressive exploration program on the largest contiguous property group in the history of the Nelson Mining Camp. The Kenville Gold mine is the flagship of this property group. A recent NI 43-101-compliant report is available on SEDAR with the company's initial gold resource on the 257 level of this seven level high-grade gold mine. An important note is that within all the known past producers, including the Kenville Gold Mine, the known vein systems are open to surface and more importantly, open to depth.