Swingplane Ventures (OTC: SWVI) Updates on Algarrobo

Las Vegas, NV -- (SBWIRE) -- 03/12/2013 -- SWINGPLANE VENTURES (OTC: SWVI) reports that the newly appointed President of the company wishes to review the corporate opportunity related to the mining project at Algarrobo.

This mining project that the new President wishes to review is located at a distance of approximately 850 km north of Santiago. This project consists of 32 tenures which comprises of a total 15,224 acres.

Swingplane Ventures is currently in the developmental and exploration stage. An increase in the production of copper would bring about monthly revenues of $2,598,750 to the company based on current process of copper. The estimated operating cost of the company for obtaining the expected increase in the copper production is approximately $250,000 per month.

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