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Microcap & Penny Stocks : Anglo-Swiss (ASWC), Gemstone Discovery

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To: P.S.N. who wrote (5)8/27/1998 12:01:00 PM
From: B. E. Barry   of 6

On June 29, 1998, Anglo Swiss Resources Inc.(ASW-M, ASWC-OTCBB) announced the discovery of gem quality garnets in British Columbia and subsequently sent a selection of various facetted garnets to the Gemological Institute of America's, Gem Trade Laboratory (the ''GIA'') for identification.

The GIA has identified these gemstones as pyrope-almandite garnet. When facetted, they display a brilliant, translucent cranberry-red colour. Although the GIA does not appraise the market value of gemstones, local jewellers and gemologists indicate that finished, facetted garnets 1 to 5 carats in weight, would wholesale between US$35 to $45 per carat. Large 10+ carat garnets would increase in value. The Company recently shipped approximately 1000 carats of
rough, gem quality garnet to three separate cutting facilities in Sri Lanka to evaluate the quality of the facetting.

The garnet occurrence continues to exceed all expectations in size and grade, with gem grade garnet as a percentage of total garnet recovery increasing with depth. The outcrop at this stage measures about 5 metres in length, varying from 30 to 130 centimetres in width, and more than 3 metres in depth (16.4 ft. by 1 to 4.2 ft. by 9.84 ft.).

At present, total extraction has been approximately 250,000 carats of rough garnet from about 2 tonnes of pegmatite. A very rough estimate would yield about 30% by weight of this clean, coarse garnet rough which will produce gemstones from 0.25ct. to 3ct. in size. The Company will continue to sample the outcrop throughout this exploration season.

These gemstones were discovered on the Company's Blu Starr group of claims located in south eastern British Columbia. This is the property that to-date has yielded rough star sapphires up to 250 carats in size and other gemstones such as aquamarine, beryl, tourmaline, titanite, moonstone and several varieties of smoky, rose and star quartz. Further prospecting and pan sampling of water courses on the 11,000 acre property are being conducted to
locate additional deposits of sapphire and the other gemstones.
For more information on the Company, please visit the website at

On behalf of the Board,

''Len Danard''
President & CEO

For further information: Anglo Swiss Resources Inc. (604) 683-0484, fax (604) 683-7497 or
Investor Relations - Comus Capital Group (604) 684-5524,
Toll Free 1-888-684-5524, fax (604) 684-5534
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