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/NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA/

VANCOUVER, Dec. 19, 2011 /CNW/ - Anglo Swiss Resources Inc. (ASW:TSX-V, ASWRF: OTCQX) ("Anglo Swiss" or the "Company") is pleased to announce that the Company has re-priced the private placement announced on November 7, 2011 and has closed the first tranche of its private placement.

Anglo Swiss is offering up to 34,000,000 working capital units of the Company at a price of $0.05 per unit, for gross proceeds of up to $1,700,000. Each unit (a "WC Unit") consists of one (1) common share of the Company and one (1) common share purchase warrant (a "WC Warrant"). Each WC Warrant entitles the holder to acquire one (1) additional common share of the Company at an exercise price of $0.10 for a period of twenty-four (24) months from the closing date.

Anglo Swiss is also offering up to 25,000,000 flow-through units of the Company at a price of $0.06 per unit, for gross proceeds of up to $1,500,000. Each unit (a "FT Unit") consists of one (1) common share of the Company and one-half (1/2) of one common share purchase warrant (each whole, a "Warrant"). Each whole Warrant entitles the holder to acquire one (1) additional common share of the Company at an exercise price of $0.10 for a period of twenty-four (24) months from the closing date.

Pursuant to the offering, Anglo Swiss is pleased to announce that it has placed 3,700,000 WC Units and 10,250,000 FT Units of the Company for aggregate gross proceeds of $800,000. Of the 10,250,000 FT Units placed, MineralFields Group subscribed for 10,000,000 FT Units. Limited Market Dealer Inc. received a finder's fee of $36,000, a due diligence fee of $12,000 plus H.S.T. and 800,000 Finder's Options exercisable into a common share at $0.10 for period of twenty-four (24) months from the closing date. Integral Wealth Securities Limited also received a finder's fee of $9,600 and 256,000 Finder's Warrants exercisable into a WC Unit at $0.10 for a period of twenty four (24) months from the closing date.

An insider of the Company subscribed for $15,000 of FT Units. The insider private placement is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI61-101") by virtue of the exemptions contain in section 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to the insider does not exceed 25% of its market capitalization.

Securities issued pursuant to the above referenced private placements are legended and restricted from trading until April 17, 2012.

The Company plans to leave the offering open and may place up to a further 30,300,000 WC Units and 14,750,000 FT Units.

The funds raised from this offering will be used for further exploration of the Company's Kenville Gold Mine property and the Nelson Mining Camp property in British Columbia and the Lansdowne House Ring of Fire property in Ontario and for general working capital.

Jari Paakki, Chief Executive Officer commented that "We are very pleased to be entering into this relationship with MineralFields Group. This is an important step in the growth of Anglo Swiss Resources Inc. and we look forward to working with MineralFields Group as we develop our holdings in British Columbia."

About MineralFields Group:
MineralFields Group (a division of Pathway Asset Management), based in Toronto, Montreal, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. The sector focus is on gold and precious metals, base metals, rare earths and lithium, potash, uranium, oil, coal and gas. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Fund Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities ® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ®, and have raised over $1 billion in their 10 year history.

About Anglo Swiss:
Anglo Swiss Resources Inc. controls a highly-prospective, Canadian precious and base metal exploration property portfolio which includes its flagship 165 sq. km, Nelson Mining Camp, that hosts the 100%-owned Kenville Gold Mine, in southeastern BC; as well as its recently acquired 100%-owned, Lansdowne House, Ring of Fire nickel-copper-PGE project in northwestern Ontario. Further information about the Company may be found at http://www.anglo-swiss.com or at http://www.sedar.com.

Cautionary Note Regarding Forward-Looking Statements: Certain statements made herein may contain forward-looking statements or information within the meaning of Canadian securities laws. Such forward-looking statements or information include, but are not limited to, statements or information with respect to Anglo Swiss Resources' plan for future exploration and development of its properties. Forward-looking statements or information are based on a number of estimates and assumptions and are subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking statements or information. Should one or more of these risks and uncertainties materialize, or should underlying estimates and assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. For example, there is no certainty, that any economically viable mineral deposit will be located on the Property, or that the Company will be able to raise sufficient capital to complete all of its exploration and drill programs. Accordingly, undue reliance should not be placed on forward-looking statements or information. Anglo Swiss does not expect to update forward-looking statements or information continually as conditions change, except as may be required by securities law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.