Anglo Swiss Resources Inc.: Corporate Update

VANCOUVER, BRITISH COLUMBIA (OTCBB: ASWRF)(BERLIN: AMO) is reporting on corporate matters up to and including the month of October, 2007.

Anglo Swiss 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, Agent Options exercised.

- 68,000 shares for proceeds of $14,960, warrants exercised.

- 100,000 FT shares for proceeds of $15,000, warrants exercised.

- 328,125 shares for proceeds of $32,812.50, options exercised.

In total Anglo Swiss has issued 916,125 shares for proceeds of $104,772.50 in October of 2007.

In keeping with ongoing disclosure practices the Anglo Swiss has been named as defendant in a lawsuit filed 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.

Anglo Swiss considers this dispute to be without merit and intends to continue to vigorously defend against it.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.

Contacts: Anglo Swiss Resources Inc. Len Danard President & CEO [phone] [phone] (FAX) Email: [e-mail] The Howard Group Inc. Jeff Walker Investor Relations - Canada Toll Free: 1-888-221-0915 The Howard Group Inc. Grant Howard Investor Relations - Canada Toll Free: 1-888-221-0915 Website: www.howardgroupinc.com Investor Awareness Inc. Tony Schor Investor Relations - United States [phone] Investor Awareness Inc. Jim Foy Investor Relations - United States [phone] Website: http://www.investorawareness.com