Anglo Swiss Resources Begins Trading on CDNX.

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 9, 2001

Anglo Swiss Resources, Inc. (OTCBB:ASWRF) (CDNX:ASW.) is pleased to announce that on October 1, 2001, the company began trading on the Canadian Venture Exchange.

The symbol "ASW" remains the same as that previously used on the Montreal Exchange. Additionally, the company will maintain its fully reporting status with the U.S. Securities and Exchange Commission, and continue to trade on the OTC Bulletin Board under the symbol "ASWRF".

Anglo Swiss Resources is developing a gemstone/graphite property located in British Columbia, Canada plus three gold properties, one in Canada and two in Ecuador. The company's business strategy will be to continue uncovering attractive resource opportunities and seek suitable joint venture partners in order to bring the properties into production, thereby leveraging the company's capital.

In 2000, Anglo Swiss entered into a joint venture with Hampton Court Resources on the company's Blu Starr property in the Slocan Valley of2000/2001 work programs conducted by Hampton Court Resources on Anglo Swiss' Blu Starr property have been completed and summarized in three independent Geological Reports which have been filed with the CDNX. Excerpts from these reports will be released shortly.

In May 2001, the company granted Crystal Graphite Corporation the right to acquire a registered interest to mine, extract and process any and all graphite material on certain property in the Slocan Valley. Crystal Graphite reported, "Metallurgical testing on our graphite indicated excellent flotation characteristics and with additional beneficiation, produced an extremely high fixed carbon grade of 99.51%. We fully expect the graphite material on this optioned property (Anglo Swiss' Blu Starr) to approximate the same results."

Recent developments in the fuel cell industry are serving to dramatically increase the demand for high quality crystalline flake graphite. In the September 17 - 23, 2001 issue of Northern Miner, Ballard Power was reported to have asked, "Is there enough graphite in the world that we can use?"

The company is currently seeking joint venture partners for:

1. The Kenville Gold Mine property in British Columbia: - As recently as 1990, ranked as the 26th largest gold producer in B.C. history. In addition to numerous known vein systems, drilling and sampling during the late 1990's uncovered an anomalous zone measuring 250 metres by 1000 metres on a previously unexplored area of the property as well as three zones of economic interest.

2. The Catamayo River property in southern Ecuador: - A previously released report estimated ore reserves along the two concessions to contain approximately 9.24 million cubic metres of gravel containing 332,820 ounces of unrefined placer gold.

3. Nuevo Playas property in southern Ecuador: - More than 20 vein systems have been identified and range up to 10 metres wide and 100 to 200 metres in length. Gold values reported from very limited previous sampling are in the one to three grams per tonne range.

On behalf of the Board, Len Danard, President & CEO 

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