Swingplane Ventures, Inc. Provides Summary of Previous Work Program

Swingplane Ventures, Inc. Provides Summary of Previous Work Program 
SANTIAGO, CHILE -- (Marketwire) -- 02/05/13 --  Swingplane Ventures,
Inc. (OTCBB: SWVI) (the "Company") is pleased to update information
on previous work program. 
Guenter Stromberger's Report 
The Algarrobo Property (the "Property") is located approximately 850
km north of Santiago, in the III Region, Province of Copiapo, Chile.
The city of Copiapo is located approximately 43 km to the southeast
of the Property, with the small port city of Caldera 25 km to the
east. The Property consists of 32 tenures, comprising a total of
6,161 ha. 
In 2000, the Property vendor (G. Stromberger) undertook a sampling
program in order to evaluate the potential for copper, in both
existing surface excavations and in accessible underground workings.
Sampling included oxide, sulphide and transitional mixed oxide /
sulphide facies mineralization. Primary minerals noted included
pyrite, arsenopyrite, hematite, magnetite, molybdenite and cobaltite,
with copper-bearing minerals including chalcopyrite, bornite and
gold. Secondary minerals noted included limonite, cuprite, malachite,
chrysocolla, erythrite, chalcocite, covellite and bornite. 
The La Escondida (BHP Billiton 57.5%, 30% by Rio Tinto) deposit is
currently the highest producing copper mine in the world. Its 2007
production of 1.483 million tonnes of copper was worth US $10.12
billion and represented 26% of Chilean copper production, according
to the US Geological Survey's preliminary estimates of 2007 world
mine output. 
On March 14, 1981, 'Pozo 6,' the last scheduled borehole in the
program, hit 52 metres of 1.51% copper at a depth of 240 metres and
discovered the main Escondida orebody. More holes were drilled to
delineate the orebody and a shaft was sunk to provide bulk samples
for metallurgical testing. Construction of the mine started in 1988,
which included the stripping of over 180 million tonnes of waste to
get to the orebody. Major copper mines around the world generally
average less than 1% copper. 
Analyses for a total of 160 samples have been documented,
predominantly of copper, with subordinate gold (Au) and highly
subordinate silver (Ag). As the samples were recovered from existing
workings, the ore had been mined and the samples, therefore,
represent "waste rock." 


 
                                                                             
                                                                             
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                                                                     Assay   
                                                                    Results  
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 Number                                    Sample                            
   of                                       Width  Sample Depth    Cu    Au  
Samples         Sample Description           (m)        (m)       (%)  (gm/t)
-----------------------------------------------------------------------------
          Road Cut - Descubridora to Main                                    
   16                  Road                 2.36      Surface     0.38       
-----------------------------------------------------------------------------
   14       Estaca-Viuda Mines-Wallrock                            0.4       
-----------------------------------------------------------------------------
   17         Estaca-Viuda Mines-Face       1.02     85 to 260    1.34   0.45
-----------------------------------------------------------------------------
   3     Rincon-Caupolican Mines-Wallrock            30 to 116    1.55   0.28
-----------------------------------------------------------------------------
   24          Test Pit - Oxide Vein         1.9      Surface     1.64   1.56
-----------------------------------------------------------------------------
   17       Panga-Equador-Uruguay Mines     2.25     15 to 100    1.76    0.6
-----------------------------------------------------------------------------
   35    Pirquinero Workings - Oxide Vein   1.15      4 to 30     3.14   0.98
-----------------------------------------------------------------------------
   24               Mine Dumps                                    3.27   1.25
-----------------------------------------------------------------------------
   4             Viuda Chica Mine           0.63   Surface to 57  3.93   0.73
-----------------------------------------------------------------------------
   15     Rincon/Caupolican - Oxide Vein    0.85     1 to 116     4.91   1.38
-----------------------------------------------------------------------------
   5         Descubridora - oxide vein      0.82      8 to 16     5.75   0.37
-----------------------------------------------------------------------------
   8         Estaca-Viuda Mines-Pillar       1.2  Surface to 245  8.21   0.59
-----------------------------------------------------------------------------

 
The above data document highly anomalous to high grade copper
mineralization, accompanied by high grade gold values (to 1.56 gm/t).
In addition, although not consistently analyzed, silver values ranged
between 0.1 and 10.5, with a high of 108.8 gm/t. 
In addition to sampling, Stromberger (2000) undertook mapping of the
vein systems, defining strike lengths of at least three kilometers
for the "Major Veins" and proposed up to 8 km of strike extent based
on the linear arrangement of discontinuous mines and excavations. At
least 8 mineralized veins, having thicknesses greater than 2.5 m and
continuous along surface for more than 300 m, are known, of which
five have been commercially mined. An additional 12 mineralized
veins, having thicknesses in excess of 1 metre with varying
orientations, have been mined using predominantly hand tools and,
therefore, to limited depth. 
Mapping underground indicates that thickness of the mineralized veins
varies both horizontally and vertically, with most mineralization
occurring in irregular lenses (possible "blows"). For instance, the
Estaca Vein varies between 0.05 and 3 metres at surface, however, at
depth there is a general increase in width, with the vein varying
between 0.05 m to more than 5 m thick. Maximum dimensions of lenses
observed were up to 60 m horizontally and 40 m vertically. 
Only limited sampling of the underground workings was undertaken due
to difficulties with access and, as such, the samples represent grab
samples broadly representative of the grade of mineralization
remaining in the mines. In addition, although maximum depths of up to
450 m are reported (i.e. Estaca - 300 m depth, Viuda - 450 m depth
and Viuda Chica - 60 m depth), sampling of the underground workings
was restricted more shallow depths. 
A copy of Stromberger (2000) report is available on the Company's
web-site at: 
http://www.swingplaneventuresinc.com 
The content of this news release has been reviewed by Rick Walker,
B.Sc., M.Sc., P. Geo., a Qualified Person for the purposes of NI
43-101, with the ability and authority to verify the authenticity and
validity of the data herein. 
Safe Harbor Statement 
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS," AS THAT TERM
IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE,
WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND
INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR
INTENTIONS REGARDING THE FUTURE. 
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS
DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS
THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE
ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS,
PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS.
STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT
ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS
"ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR
STATEMENTS ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS
CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO THE
COMPANY'S PLANS TO ENTER INTO A MINING OPTION AGREEMENT WITHIN THE
NEXT FORTY-FIVE DAYS. RISKS AND UNCERTAINTIES FOR THE COMPANY
INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL
EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S
MOST RECENT ANNUAL AND QUARTERLY REPORTS ON FORM 10-K AND FORM 10-Q,
RESPECTIVELY, AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE
INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS
ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE
COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND
LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES.
THERE CAN BE NO ASSURANCE THAT THE COMPANY'S EXPLORATION EFFORTS WILL
SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS.
THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS
RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE
FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL
RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING
STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS,
EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE
REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS
SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD
ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC
REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND
EXCHANG ECOMMISSION. 
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO
TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO SECURITIES REGULATORY
AUTHORITY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS
RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR
THE SOLICITATION OF AN OFFER TO BUY NOR SHALLTHERE BE ANY SALE OF
THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER,
SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR
QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. 
Michel Voyer
President and Director
For more information please visit our web site at:
www.swingplaneventuresinc.net 
Or contact Investor relations at: 
1-800-253-1692