Gungnir Resources Inc V.GUG

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Anglo Swiss Resources Announces Addition to the Board of Directors - March 12, 2007 4:00PM ET Anglo Swiss Resources Inc. (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) announces the addition of Mr. Greg Pendura, M.Ed., to the company's Board of Directors, effective March 12, 2007. Mr. Pendura has more than 35 years of experience in founding, financing and advising emerging private and public companies. Mr. Pendura has spent the last 12 years in the public sector with Resin Systems Inc. An original founder of the company he recently retired as President, CEO and Chairman of the Board. During his tenure with Resin Systems Inc., he was instrumental in the company achieving a market capitalization of over $200 million as well as raising in excess of $100 million during its formative years. Mr. Danard states, "Mr. Pendura will be assisting management in strategic planning and building the team necessary to optimize the future development of the company's various diamond properties." Anglo Swiss is an exploration company focused on locating diamond-bearing kimberlites in the Lac de Gras area, NWT, Canada. The Company's philosophy is to obtain majority ownership of under-explored areas with unexplained kimberlite indicator mineral trains ("KIM's") and/or kimberlite targets near known kimberlites and diamond mining operations. Anglo Swiss has acquired four projects which meet the acquisition criteria. - Two adjacent properties known as the Fry Inlet Diamond Property are located near Lac de Gras and lie approximately 60 kilometers north of the Ekati Diamond Mine, and 90 kilometers north of the Diavik Diamond Mine, Canada's first two diamond mines. These claim groups total 91,856 acres (100% of 33,572 and up to 60% of 58,284 acres) and host the LI 201 significantly diamondiferous kimberlite. - The Falcon Bay Diamond Property consists of a 100% interest in approximately 52,459 acres in the diamond producing area of Lac de Gras, NWT. This property is located approximately 35 kilometers southeast of the Diavik diamond mine and is proximal to the DO-27 kimberlite currently the focus of detailed exploration by Peregrine Diamonds et al. - Anglo Swiss acquired a 100% interest to 4 Strategically Located Group of Claims covering approximately 10,330 acres situated within the diamond producing area of Lac de Gras, NWT. Two of the claims are located within the newly penned "Ekati Trend" approximately 40 kilometers NE of the EKATI diamond mine. The other two claims are located 35 kilometers south of Peregrine Diamonds DO27 diamondiferous kimberlite. - The fourth Anglo Swiss project is a 100% interest in the Fishing Lake Diamond Property, located some 110 kilometers north of Yellowknife, NWT, toward the western margin of the Slave Craton. The Fishing Lake property covers 8,467 acres and covers a region containing the probable source area for kimberlite indicator mineral trains (KIM's) identified during the first stage of exploration for diamonds on the Slave Craton. On behalf of the Board, Len Danard, President & CEO SOURCE: Anglo Swiss Resources Inc. Anglo Swiss Resources Inc. Len Danard President & CEO [phone] [phone] (FAX) Email: [e-mail] Website: www.anglo-swiss.com