ASW

Anglo Swiss Resources Inc. (TSX VENTURE:ASW)(PINKSHEETS:ASWRF) ("Anglo Swiss" or
the "Company") is pleased to announce that it has signed a definitive share
exchange agreement effective June 16, 2014 to acquire Gungnir Resources Inc.
("Gungnir") and all of its exploration properties in northern Sweden. The
acquisition (the "Gungnir Acquisition") was approved by disinterested
shareholders at the Annual General and Special Meeting of Shareholders held on
April 11, 2014 (the "Annual Meeting") and disclosed initially in the Press
Release dated February 12, 2014. The transaction is scheduled to close
immediately following the proposed Consolidation and change of name referred to
below.


At the Annual Meeting, shareholders approved a change of name of the Company to
Gungnir. The Company proposes to change the name of Anglo Swiss to Gungnir and
to consolidate the outstanding capital of the Company on the basis of one (1)
post-consolidated common share for every five (5) currently issued and
outstanding common shares (the "Consolidation"). There are currently 184,656,900
common shares issued and outstanding. Following the Consolidation and the change
of name, there will be approximately 36,931,380 common shares outstanding. An
aggregate of 6,517,303 post-consolidated common shares will be issued for the
Gungnir Acquisition. After giving effect to the Gungnir Acquisition and before
giving effect to the Offering referred to below, there will be 43,448,683
post-consolidated common shares issued and outstanding. The Company will
commence trading under the new name on a post-consolidated basis at the opening
of the market on Friday June 20, 2014. The Company's new CUSIP number is
40281L109 and its new trading symbol is "GUG".


The Company also wishes to announce that, conditional upon completion of the
Consolidation, it will undertake a non-brokered private placement financing to
raise proceeds of up to $100,000 (the "Offering") to provide it with additional
funds for exploration work. All references to the number of securities and the
prices of securities below are premised on having effected the Consolidation.


The Company is offering up to 2,000,000 units (the "Units") of the Company at a
price of $0.05 per Unit (based upon the last trading price of $0.01 multiplied
by the consolidation ratio of 5:1) for gross proceeds of up to $100,000. Each
Unit will consist of one (1) post-consolidated common share of the Company
priced at $0.05 and one (1) warrant (a "Warrant"). Each Warrant entitles the
holder to acquire an additional post-consolidated common share for thirty-six
(36) months from the closing of the Offering at a price of $0.05 per common
share.


Insiders of the Company may subscribe for up to $50,000 of the Offering. The
insider private placements are exempt from the valuation and minority
shareholder approval requirements of Multilateral Instrument 61-101 ("MI
61-101") 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 insiders does not exceed 25% of its market
capitalization.


All securities issued pursuant to the above referenced private placement and the
Gungnir Acquisition are subject to a statutory four month hold period and
regulatory approval.


ON BEHALF OF THE BOARD OF DIRECTORS,

Jari Paakki, P.Geo., CEO

About Anglo Swiss:

Anglo Swiss Resources Inc. is a Canadian-based, TSX-V listed company focused
primarily on gold exploration. The Company holds a $5M royalty stream set at
five (5) annual $1M advanced payments starting in 2017 from the sale of the
Kenville Gold Property. Anglo Swiss has recently entered into a share exchange
agreement to acquire gold exploration properties in Sweden and plans to formally
complete the acquisition and commence exploration in Sweden. The Company also
holds the Blu Starr Flake Graphite property in southeastern BC and the Lansdowne
House nickel-copper property in northern 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 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Anglo Swiss Resources Inc.
Jari Paakki
CEO
705-507-4470
jpaakki@eastlink.ca


Anglo Swiss Resources Inc.
Chris Robbins
CFO
604-683-0484
604-683-7497 (FAX)
chris@anglo-swiss.com

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