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Anglo Swiss Resources Inc.

December 10, 2007 - 08:45:04 AM

Anglo Swiss Completes Private Placement of $2.5 Million Equity Offerings


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 10, 2007) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES

Anglo Swiss Resources Inc. ("Anglo Swiss";) (TSX
VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) announced today that it has completed
the private placement of 4,210,522 flow-through units ("Flow-Through Units";)
of Anglo Swiss at a price of $0.475 per Flow-Through Unit for gross proceeds
of $2 million to the MineralFields Group. Each Flow-Through Unit consisted of
one flow-through common share and one-half of one common share purchase
warrant of Anglo Swiss, each whole warrant entitling the holder thereof to
acquire one common share of Anglo Swiss on or before December 7, 2009 at a
price of $0.80 per share during the first 12 month period and at a price of
$1.00 per share during the second 12 month period. In addition, Anglo Swiss
completed the private placement of 1,250,000 units ("Units") of Anglo Swiss at
a price of $0.40 per Unit for total gross proceeds of $500,000 to the
MineralFields Group. Each Unit consisted of one common share and one-half of
one common share purchase warrant of Anglo Swiss, each whole warrant entitling
the holder thereof to acquire one common share of Anglo Swiss at a price of
$0.60 per share on or before December 7, 2009.

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, to fund the refurbishment of Anglo
Swiss' Kenville Mill, as well as for general working capital purposes.

In connection with the private placement, Anglo Swiss paid Limited Market
Dealer Inc. ("LMD") a due diligence fee of $75,000 and a finder's fee of
$122,500. In addition, Anglo Swiss granted LMD broker options to purchase an
aggregate of 535,525 units (the "Broker Units";) of Anglo Swiss at a price of
$0.40 per Broker Unit on or before December 7, 2009. Each Broker Unit is
comprised of one common share and one-half of one common share purchase
warrant of Anglo Swiss, each whole warrant entitling the holder thereof to
acquire one common share at a price of $0.60 per share on or before December
7, 2009.

All of the securities issued by Anglo Swiss pursuant to the private placements
are subject to a four-month hold period under Canadian securities laws and are
subject to restrictions on resale prior to April 8, 2008.

Len Danard, President and Chief Executive Officer of Anglo Swiss, commented,
"We are very pleased to have completed this private placement to the
MineralFields Group as it will provide our company with the funds to continue
with the ongoing exploration of the Kenville Gold Property and the Fry Inlet
Diamond Property."

About MineralFields, Pathway and First Canadian Securities(R)

MineralFields Group (a division of Pathway Asset Management) is a
Toronto-based mining fund with significant assets under administration that
offers its tax-advantaged super flow-through limited partnerships to investors
throughout Canada during most of the calendar year, 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. 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) on
competitive, effective and service-friendly terms, with investors both within,
and outside of, MineralFields Group.

About Anglo Swiss

Anglo Swiss is a mineral exploration company focused on creating shareholder
value through the acquisition and development of quality precious/base metal
and gemstone properties that have undiscovered resource potential. The company
is actively exploring and drilling its 100% owned, advanced staged Kenville
Gold Property located in southeastern British Columbia with the goal of
developing a world-class porphyry copper and gold deposit. The company is also
in the process of exploring a diamondiferous bearing kimberlite property,
known as the Fry Inlet Diamond Property, located in the Lac de Gras region of
Canada's Northwest Territories in which it has the right to earn up to a 60%
interest pursuant to an option and joint venture agreement with New Shoshoni
Ventures Ltd.