Doyle Claim Mount Nelson property - Option for 100%

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.

The Mount Nelson property is situated to the north of Anglo Swiss's 100-per-cent-owned Kenville gold mine property, including the recently optioned (60 per cent) Ron gold property and (100 per cent) Referendum Gold property, located 10 kilometres from Nelson, B.C. This acquisition enhances Anglo's land position to the north Nelson possibly extending the regional geological trend of the Silver King shear zone. The Silver King shear is the host to numerous historical gold, copper and silver mines in southeastern British Columbia, including Anglo's Kenville gold mine.

Anglo Swiss has until December 7, 2012 to exercise this option.

If the option is not exercised by performance of each of the purchaser’s obligations then this Option shall become null and void and the Vendor shall be entitled to retain all sums paid by Anglo Swiss to the Vendor for the granting of the option.

The Vendor shall be entitled to reserve a 1.5% net smelter royalty as set out but they further agree that Anglo Swiss Resources Inc. shall have the right to purchase the Vendor’s interest in the 1.5% net smelter royalty for a one time payment of one million dollars ($1,000,000) by giving notice in writing of the intention to purchase that interest within 120 days of achieving commercial production and paying the said sum within 60 hereafter.