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Swingplane Ventures Engages AMEC for Independent Evaluation

Swingplane Ventures Engages AMEC for Independent Evaluation 
SANTIAGO, CHILE -- (Marketwire) -- 02/21/13 --  Swingplane Ventures,
Inc. (OTCBB: SWVI) (the "Company" or "Swingplane") is pleased to
update information pertaining to the Algarrobo property. 
Swingplane Ventures, Inc.'s (the "Company") Algarrobo Property (the
"Property") is an Iron Oxide-Copper-Gold (IOCG) property 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 (15,224 acres). 
The Company is reviewing a proposal by AMEC (AMEC International
Ingenieria y Construccion Limitada) in Santiago one of the world's
leading engineering, project management and consultancy companies for
an initial evaluation and report on the Property. The report is
expected to provide additional independent evaluation of the Property
with further direction regarding development and increased production
from the Property. AMEC is an international consulting firm well
recognized in the Mining Industry. Establishing a relationship with
AMEC, and subsequently other consulting companies, is expected to
provide access to the expertise and personnel required for future
work on the Property. Work by AMEC is expected to commence in late
March. 
AMEC will produce a qualitative statement regarding the mineral
potential of the Algarrobo Property in the shape of a Due-Diligence
report. The report will be based on the information that Swingplane
makes available to AMEC and a visit to the Property. 
In particular AMEC will review and comment on the following aspects: 


 
--  Exploration history
--  Exploration and exploitation permits
--  Topographic model
--  Geological Mapping
--  Drill hole campaigns
--  Sampling and logging procedures
--  Density determination procedures
--  Procedures of sample preparation and analysis
--  QA/QC procedures
--  Geology data base integrity and maintenance
--  Reported resources

  
Swingplane is currently undertaking mapping of the veins exposed on,
and immediately adjacent to, the Property to establish continuity and
grade of the veins at surface. Mapping will be accompanied by
additional sampling to further assess the nature of mineralization
characterizing each vein exposure. In addition, sampling will include
analysis for Rare Earth Elements (REE) and Platinum Group Elements
(PGE), together with cobalt, gold, molybdenum and silver to evaluate
the potential for these metals as co-products and/or by-products to
primary copper production. 
As previously reported above, and previously (see News Releases dated
January 31 and February 14, 2013), the Management believes potential
exists for production of other metals and/or minerals in addition to
copper, including, but not limited to: cobalt, gold, molybdenum,
Platinum Group Elements (PGE), Rare Earth Elements (REE) and/or
silver.  
Therefore, the Company proposes to recover large samples (to 200 kg)
of low grade material (1 to 3% Cu), Direct Shipping Ore
(approximately 12% Cu) and high grade (approximately 25% Cu) for the
purposes of metallurgical analysis. The results of metallurgical
analyses are expected to provide the information necessary to
optimize recovery of copper, as well as evaluate potential for other
metals and/or minerals. 
In addition, magnetite content in the sand underlying a high
proportion of the Angela tenures is estimated to range between 15 and
20% by volume. A large sample of sand will also be submitted for
testing and evaluation for identification of a cost effective means
of separating magnetite from the sand for production of a magnetite
concentrate. 
About AMEC 
AMEC is one of the world's leading engineering, project management
and consultancy companies. Our goal is to deliver profitable, safe
and sustainable projects and services for our customers in the oil
and gas, mining, clean energy, environment and infrastructure
markets, including sectors that play a vital role in the global and
national economies and in people's everyday lives. We design, deliver
and maintain strategic assets for our customers, offering services
which extend from environmental and front end engineering design
before the start of a project to decommissioning at the end of an
asset's life. Our customers, in both the private and public sector,
are among the world's biggest and best in their fields -- BP, Shell,
EDF, National Grid and U.S. Navy to name just a few. We are truly
international, with major operations centres based in the UK and
Americas and offices and projects in around 40 countries worldwide.
We work in diverse and often challenging environments, from sub-zero
temperatures in the north of Canada to the sweltering heat of the
Persian Gulf. We employ over 29,000 people -- ranging from scientists
and environmental consultants to engineers and project managers,
dedicated professionals who take pride in their work. The AMEC
Academy helps us to attract, develop and retain the best talent. We
are proud of our core values: delivering excellence to our customers
by: believing in people, never compromising on safety and acting with
integrity. Our shares are traded on the London Stock Exchange, where
the company is included in the FTSE 100 index and listed in the Oil
Equipment and Services sector. 
www.amec.com 
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
EXCHANGE COMMISSION. 
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 SHALL THERE 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:
W: www.swingplaneventuresinc.com 
Or contact:
Investor relations:
1-800-253-1692