Mr. Joe Dhami reports

TOWER PROVIDES EXPLORATION UPDATE ON ITS B.C. PROPERTIES; PREPARES TO DRILL NEW THUNDER AU AND RAINBOW CU-AU-MO DISCOVERIES AT RABBIT NORTH AND INITIATES FOLLOW-UP SAMPLING AT MORE CREEK ON A GOLD GRAIN ANOMALY STRADDLING THE KEY "RED LINE" CONTROLLING STRUCTURE OF THE GOLDEN TRIANGLE

Tower Resources Ltd. has provided an update on recent exploration developments at its British Columbia properties, the company's plans to resume drilling on the new Thunder gold and Rainbow copper-gold-molybdenum discoveries at Rabbit North, and initiation of follow-up gold grain sampling at More Creek on the Golden Triangle Red Line.

Rabbit North

Tower recently received a permit to continue exploration, including diamond drilling, on the company's 17,526-hectare Rabbit North property near Kamloops, between New Gold's New Afton underground Cu-Au mine and Teck's Highland Valley open-pit Cu-Mo mine.

Tower is planning a 1,500-metre follow-up diamond drilling program beginning in the first week of October to further investigate and expand the newly discovered (see Tower's March 30, April 5 and 20 press releases), shear-hosted Thunder Au zone (initial intersections of twin Au zones less than 10 m apart comprising, in discovery hole 039, 17.9 m at 1.28 grams per tonne Au and 7.8 m at 3.79 g/t Au, and 150 m to the southeast, in hole 41, 13.25 m at 3.28 g/t Au and 10.12 m at 2.19 g/t Au) and porphyry-type Rainbow Cu-Au-Mo zone (72.4 m of 0.27 per cent Cu, 0.40 g/t Au and 0.01 per cent Mo, or 0.57 per cent Cu equivalent, starting near surface in the final drill hole targeting the Thunder zone, No. 042).

More Creek

The 6,430-hectare More Creek property is centrally located in the Golden Triangle of Northern British Columbia between the Brucejack high-grade epithermal Au and Red Chris porphyry Cu-Au mines. It is in mountainous terrain and straddles the Triassic Pass fault, part of the so-called Red Line structural zone within two kilometres of which Brucejack, Eskay Creek, Red Chris and most of the other important mineral deposits of the Golden Triangle are located and to which they appear to be genetically related.

In 2016, Tower performed a small, three-sample gold grain sampling test program on the gravel bed of Arrow Creek, the valley of which traces the Triassic Pass fault from south to north across the property. A strong gold grain anomaly was identified along the lower, northern part of the creek and its source mineralization was inferred from various lines of evidence to be one to two km south up the valley near a small, rapidly receding glacier that feeds the creek. Follow-up sampling was recommended to trace the gold grain anomaly up the creek and pin down its source.

Tower subsequently optioned the property to Volatus Capital Corp. but the recommended sampling program was not performed and the property was recently returned to Tower. Tower has revived the planned survey and expects to receive the gold grain results by late October.

Nechako gold property

Tower's 2,975-hectare Nechako gold property is located on the Nechako Plateau in central B.C., 30 km northeast of the eight-million-ounce Blackwater Au deposit which is currently under development by Artemis Gold Inc. Between 2016 and 2021 Tower identified a significant gold grain anomaly at the top of a thick till plain and, using a specialized reverse circulation (RC) drill to sample the underlying dispersal train at depth, successfully traced it two km up ice to its source area where several promising, porphyry-associated gold-silver-lead-zinc intersections were subsequently obtained by diamond drilling.

Tower continues to maintain the Nechako gold property in good standing while focusing on the company's new Lightning, Thunder and Rainbow discoveries at Rabbit North. As the Lightning zone appears to account for only the western edge of the 400 m wide Dominic Lake gold grain dispersal train that occurs at the surface of the thick till plain down ice from the gold zone, consideration is being given to using the RC drilling experience gained at Nechako to search the area to the east for additional gold sources.

Belle property

Tower optioned its 1,670-hectare Belle property in the Toodoggone area east of the Golden Triangle to Volatus Capital on Aug. 5, 2020. Volatus completed the earn-in agreement and has returned the property to the vendors.

Qualified person

The technical content of this news release has been reviewed and approved by Stuart Averill, PGeo, a director of the company and a qualified person as defined by National Instrument 43-101.

About Tower Resources Ltd.

Tower is a Canadian-based mineral exploration company focused on the discovery and advancement of economic mineral projects in the Americas. The company's key exploration assets, both in B.C., are the Rabbit North copper-gold porphyry project located between the New Afton copper-gold and Highland Valley copper mines in the Kamloops mining district, and the Nechako gold-silver project near Artemis's Blackwater project.

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