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ANSELL CAPITAL CORP.

3^rd Floor - Bellevue Centre

235 - 15^thStreet,

West Vancouver, British Columbia V7T 2X1

Canada

Telephone: (604) 921-1810 Facsimile: (604) 921-1898

NEWS RELEASE
 

TSX Venture Symbol: ACP                                                                October 18, 2010

ANSELL REPORTS HIGH GRADE MINERALIZATION IN 6 DRILL HOLES ON THE CHARLOTTE PROPERTY NEAR CARMACKS, YUKON TERRITORY

Ansell Capital Corp. ("Ansell") is pleased to report that it has received from Guinness Exploration Inc ("Guinness") results from the first six of fourteen drill holes completed by Guinness on the Charlotte Project, located near Mt. Nansen in the prolific Tintina gold belt, Yukon Territory, Canada.  Ansell has entered into an option agreement on the property with Guinness as announced October 14, 2010.  Core drilling was conducted to confirm prior drill intercepts and to expand on known gold and silver mineralization along strike and down dip.  The drill program comprised a total of 1451.68 metres in fourteen diamond drill holes in the Flex zone, one of five known mineralized zones on the property.
 

The drill holes were chosen to test 450 m of the strike length of the Flex Zone at various depths as a follow-up to previous shallow drilling on the zone.  This new drilling has both extended the potential in terms of extent (both along strike and down dip) and grade/thickness, and has confirmed historic results.

Results from these first six holes are tabulated below.
 

The Flex Zone occurs as two sub-parallel anastamosing quartz-sulfide vein systems, known historically as the "Hanging Wall" and "Footwall" veins.  Veins host strong gold and silver mineralization associated primarily with pyrite and lesser arsenopyrite, stibnite, galena and sphalerite.  Veins often exhibit propylitic, phyllitic, argillic and silicic alteration in broad alteration envelopes.

The Flex Zone is hosted in an assemblage of metamorphic rocks comprised dominantly of quartz-feldspar±chlorite gneiss which  grades locally into quartzite.  Dark green amphbolite gneiss, comprised of equal parts plagioclase and actinolite, is commonly intercalated with the quartz-feldspar gneiss.  These older rocks are cut by narrow quartz-feldspar dykes and sills.  The north end of the Flex Zone, in the vicinity of 10-240 and 241, is underlain by a quartz-feldspar porphyry stock at depth.

Results are pending for the remainder of the drill holes, as well as for extensive trenching which was carried out on two new mineral targets.

Chris M. Healey. P. Geo, a Director of Ansell, is the Qualified Person responsible for the technical information in this release.  Mr. Healey commented, "These drill results clearly indicate the excellent potential to develop a bulk tonnage gold deposit on the Flex Zone.  Gold grades and widths are comparable to a number of well known Yukon deposits.  The Flex Zone is one of five known auriferous zones on the property.  With Ansell's newly acquired option on this property, we look forward to aggressively advancing the project.  It is significant to note that the Fraser Institute, in its mid-year update to its 2010 Mining Survey, ranked the Yukon as the fourth most favourable jurisdiction in the world for mining activities."

About Ansell Capital

Ansell Capital is an aggressive junior gold exploration company with projects in Peru, British Columbia and The Yukon.

On October 12, 2010, Ansell Capital Corp. entered into a Letter of Intent ("LOI") with Eagle Trail and Guinness, wherein Ansell was provided the right to acquire up to an 85% undivided interest in the Charlotte project in staged increments. (See Ansell release dated October 14, 2010 for further details.)  The Charlotte Project is situated in the prolific Tintina Gold Belt, a 1,200 km long area extending from northern British Columbia, through the Yukon Territory and into southwest Alaska. The Tintina Gold Belt includes such world-class, multi-million ounce gold deposits as Pogo, Fort Knox, True North, and Donlin Creek. The 128 claims in the Charlotte Project comprise a total area of 2,336.14 hectares and are located in the South Central part of the Yukon, 180 km Northwest of Whitehorse and 60 km west of the Village of Carmacks.

On behalf of the Board of Directors

Jevin Werbes, President

Ansell Capital Corp.

For further information, please visit the website at www.sedar.com to view the Company's profile or contact Jevin Werbes at 604-921-1810.

Neither the 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.