VANCOUVER, BRITISH COLUMBIA, November 9, 2007 — Anglo Swiss Resources Inc. (TSX VENTURE: ASW) (OTCBB: ASWRF) (BERLIN: AMO) is reporting on corporate matters with respect to shares issued and distributed in the month of October, 2007.
The Company has issued the following shares through the exercise of warrants and options in the month of October, 2007.
· 420,000 shares for proceeds of $42,000, warrants
· 68,000 shares for proceeds of $14,960, warrants
· 100,000 FT shares for proceeds of $15,000, warrants.
· 328,125 shares for proceeds of $32,812.50 from options.
In total the Company has issued 916,125 shares for proceeds of $104,772.50.
In keeping with ongoing disclosure the Company continues to defend a dispute with respect to the Kenville Mine Property (see news releases2007-01-02 and 2007-05-30). Anglo Swiss considers this dispute to be without merit and intends to continue to vigorously defend against it.
The Company has been named as defendant in a lawsuit filed with the British Columbia Supreme Court by Gold Standard Resources Corp. (”Gold Standard”). Gold Standard, along with other former optionees, was previously notified by Anglo Swiss that the option joint venture agreement with Anglo Swiss involving the Kenville Mine Property is at an end and that they have no interest in the Property. Gold Standard’s suit involves the same subject matter and claims the same relief as that sought in a current lawsuit involving the same parties that was commenced in December 2006.
CONTACT INFORMATION
Corporate Inquiries
Len Danard
President & CEO
(604) 683-0484
(604) 683-7497 (FAX)
Email: info@anglo-swiss.com
