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Anglo Swiss Resources Inc.: Anglo Swiss Resources Identifies 12 High-Priority Targets on the Fry Inlet Diamond Property, Lac de Gras, NWT

Thu, 7 Sep 2006 7:00:00 PDT

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 09/07/2006 -- Anglo Swiss Resources Inc. (TSX VENTURE: ASW)(OTCBB: ASWRF)(BERLIN: AMO) is pleased to report interpretive results for the airborne geophysical survey flown earlier this year at the Company's Fry Inlet diamond exploration project.

Fugro Airborne Surveys Corp. of Mississauga, Ontario, acting as contractor for Anglo Swiss Resources, conducted the survey with multi-channel electromagnetic and high-sensitivity magnetic geophysical measurements taken approximately every 4 meters along the survey lines. A total of 1,695 line-kilometers were flown during this survey along parallel flight lines spaced 100 meters apart.

The eastern portion of the Fry Inlet Diamond property contains the LI-201 kimberlite, which was determined to be significantly diamondiferous during early stage exploration drilling performed in 1997 by Kennecott Canada Exploration Inc. Previous exploration utilizing older technology reported 8 geophysical anomalies on the eastern portion of the property; this survey has greatly improved the number and quality of the identified anomalies.

An independent consulting geophysicist has interpreted the data on behalf of the Company and identified 112 magnetic and electro-magnetic anomalies with characteristics similar to known kimberlites in the immediate area.

Anglo Swiss Resources' Qualified Person, Mr. Derrick Strickland, P. Geo. has further reviewed the anomaly interpretation. Twelve of the 112 targets are considered high-priority for follow-up fieldwork. Seven of these targets surround and include the Company's LI-201 diamondiferous kimberlite in a "cluster-like" manner. Exploration on the Fry Inlet diamond project will commence immediately to determine the priority for drilling and testing for diamonds.

Anglo Swiss will continue to evaluate its diamond properties within the Lac de Gras/Slave Craton area. Anglo Swiss is the majority holder of over 170,000 acres of claims of merit in under explored areas with unexplained kimberlite indicator mineral trains and/or kimberlite targets near known kimberlites and diamond mining operations. The Company controls 4 distinct properties of merit as it works towards establishing itself towards the corporate goal of discovering a diamond mine within the Lac de Gras region.

This news release has been approved by Mr. Derrick Strickland, P. Geo. a Qualified Person as defined under NI 43-101.

On behalf of the Board,

Glen Macdonald, P. Geo., Director

The Company relies on litigation protection for "forward looking" statements.



The TSX Venture Exchange has not reviewed and does not accept reponsibility for the adequacy or accuracy of this release.

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