Anglo Swiss Buys Ring of Fire Property

VANCOUVER, June 16, 2011 /PRNewswire/ - Anglo Swiss Resources Inc. (ASW:TSX-V, ASWRF:OTCQX) ("Anglo Swiss" or "the Company") is pleased to announce the purchase of a 100% interest in the Lansdowne House Property from INV Metals Inc. for common shares of Anglo Swiss equal to $1,466,360. The number of common shares to be issued will be determined by the volume weighted average price of the common shares over a five-day trading period ending on the date that is two business days prior to the closing of the transaction. The purchase is subject to TSX-V approval and is expected to close on or about June 30, 2011.

The Lansdowne House Property is located approximately 80 km southwest of Noront Resources Ltd.'s Eagle One Discovery, in Northwestern Ontario.  The Lansdowne House Property hosts an Ultramafic Complex, which contains a historic resource of 14.6 million tons grading 0.58% copper, 0.37% nickel and 0.03% cobalt plus significant associated Platinum Group Element ("PGE") values.  This historic resource estimate was not compiled within the definitions and standards outlined in National Instrument 43-101, and the Company cautions that this resource estimate cannot be relied upon.

Dave Constable, CEO of Anglo Swiss stated that, "The Lansdowne House Property has a historic copper-nickel-cobalt-PGE resource and a modern airborne survey has defined strong untested conductors at the base of the Ultramafic Complex. The Lansdowne House Property also contains four surface gold showings along a seven kilometre-long regional shear and has potential for chromite, base metal and vanadium-titanium mineralization. Together with our expanded Kenville Property in the Nelson, B.C. area, Anglo Swiss is building a diverse exploration asset portfolio."

The Lansdowne House Property ("the Property") consists of a single block of 66 contiguous unpatented mining claims accessible by winter roads, and float planes or helicopters. The area was first explored in the early 1900's and had steady exploration since the 1930's. Several generations of airborne geophysics were completed over the region. A total of 107 drill holes were drilled on the property; including 47 (5,389 meters) by INCO from 1970-74. The historic resources occur in seven gabbro-hosted lenses in the upper levels of the Ultramafic Complex and include higher-grade intersections, such as 0.94% copper and 0.78% nickel over 16.8 meters. Broad zones of anomalous PGE values were also encountered, including 1.13 g/t platinum over 24 meters and 0.31 g/t platinum over 229.8 meters.

FNX Mining Company Inc. ("FNX") acquired the Property through their 2005 purchase of Aurora Platinum Corp. Subsequently FNX flew an airborne electromagnetic and magnetic survey over the Property, which detected strong untested conductors at the base of the Ultramafic Complex.  The higher-grade copper-nickel-PGE deposits frequently are found at the base of ultramafic complexes, where the sulphide minerals settled and accumulated during cooling of the ultramafic sequence. Drilling of these basal conductors will be a priority for Anglo Swiss.

In addition to its copper-nickel-cobalt-PGE potential, the Property contains four surface gold showings along an east-southeast trending regional shear structure. The gold showings contained surface grab samples grading up to 23.8 g/t gold. The surface gold showings have never been drill tested.

The Lansdowne House Property also has the potential to host chromite, VMS base metal and vanadium-titanium mineralization.

Quadra FNX Mining Ltd. ("Quadra FNX") holds a back-in right on the Property triggered by either a positive feasibility or a production decision. Anglo Swiss is in negotiation with Quadra FNX to convert their back-in right to a future equity interest in Anglo Swiss, but that agreement has not been executed yet and there is no assurance that the agreement will be executed. The claims are subject to a 1% NSR (net smelter royalty) payable to INV Metals Inc. except for two claims both of which are subject to a 2.5% NSR payable to PGM Ventures (up to 1.5% of the 2.5% NSR may be purchased for $500,000 per 0.5% NSR). In addition, there is a 1.5% NSR on one of those two claims payable up to a maximum cap of $2.5 million to INCO.

The technical information herein was prepared under the supervision of Mr. Garry Clark, P. Geo., of Clark Exploration Consulting Ltd., a Qualified Person as defined by National Instrument 43-101.

About Anglo Swiss:

Anglo Swiss Resources Inc. is exploring its flagship 160 sq. km, Nelson Mining Camp Project, which includes the 100%-owned Kenville Gold Mine. The property hosts numerous historical producing gold, silver and copper mines, surface adits, and old workings. This is the first time the extensive land package has been held by one operator. The Company has compiled the extensive data and is taking a systematic exploration approach to the entire area with a two-pronged exploration program which includes exploring around and to the south of the high-grade Kenville Gold Mine, as well as evaluating the vast new land holdings for additional economic precious metal and base metal deposits. Further information about the Company can be found at www.anglo-swiss.com or at www.sedar.com.

Cautionary Note Regarding Forward-Looking Statements
:

Certain of the statements made herein may contain forward-looking statements or information within the meaning of Canadian securities laws. Such forward-looking statements or information include, but are not limited to, statements or information with respect to Anglo Swiss Resources' plan for future exploration and development of its properties. Forward-looking statements or information are based on a number of estimates and assumptions and are subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking statements or information. Should one or more of these risks and uncertainties materialize, or should underlying estimates and assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information.  For example, there is no certainty, that any economically viable mineral deposit will be located on the Property. Accordingly, undue reliance should not be placed on forward-looking statements or information. Anglo Swiss does not expect to update forward-looking statements or information continually as conditions change, except as may be required by securities law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Anglo Swiss Resources Inc.