Anglo Swiss Resources Inc. (ASW: TSX-V, ASWRF: PK) has entered into a definitive agreement dated January 23, 2013 to sell its Kenville Gold Property, located in southeastern BC, to Eagle Creek Gold Corp., a private Alberta based company. Closing of the transaction is expected to occur before May 15, 2013.

Total consideration for the purchase of the Kenville Gold is C$10 million which shall be satisfied by the delivery to Anglo Swiss of a $100,000 deposit on signing of the Vending Agreement and $3.9 million on closing with the balance payable in stages to June 1, 2016.

Additionally, Eagle Creek shall pay Anglo Swiss a perpetual 1% Net Smelter Royalty on all production from the Kenville Gold. Eagle Creek iwill commit to nvest a minimum of $5 million into mining operations on the Kenville Gold and to make all reasonable efforts to initiate one hundred tonnes of production per day from the underground vein structures contained within the Kenville Gold.

Jari Paakki, CEO commented, "We are extremely pleased to have entered into an agreement with Eagle Creek. The Kenville Gold Property is a perfect fit for a private company with the goal of achieving small-scale production. The transaction provides Anglo Swiss with appreciable short term cash allowing us to identify and acquire a new asset with the potential for larger scale production and to advance the Company's Blu Starr Flake Graphite project as well as a further long term royalty payment. Cash payments into 2016 provide the Company with sustained working capital, minimizing near-term financings and share dilution. This is an exceptional opportunity that we believe will greatly improve the Company's future ability to grow and increase shareholder value."

Completion of the transaction is subject to a number of conditions, including, but not limited to, confirmatory due diligence, the receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange, and approval of the shareholders of Anglo Swiss.