Mr. Joe Dhami reports

TOWER ANNOUNCES $2,000,000 NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT

Tower Resources Ltd. intends to complete a flow-through non-brokered private placement for aggregate gross proceeds of up to $2-million. Under the offering, the company will issue up to eight million common shares in the capital of the company at 25 cents per share, which qualify as flow-through shares for the purposes of the Income Tax Act (Canada). The company intends to use the net proceeds from the offering for expenditures which qualify as Canadian exploration expenses, within the meaning of the Income Tax Act (Canada), primarily for a 3,000-metre diamond drilling program on the Rabbit North property. The recently announced (see Oct. 2, 2025, press release) 70-sample till gold-grain survey, which is expected to pinpoint new gold targets in the Durand Stock east along strike from Tower's four previous gold discoveries, has been completed. The gold grain results are expected to be available in two weeks, roughly coinciding with drill start-up.

The drilling will initially focus on confirming the expected continuity, both along strike and to depth, of the high-grade Blue Sky and Thunder North zones. The planned 50 m hole spacing should allow an initial estimate of gold resources in the upper parts of these zones at the indicated confidence level. Drilling of new targets identified by the gold-grain survey is expected to further showcase the strength and pervasiveness of the major orogenic gold system that Tower has unearthed at Rabbit North. Assay results will be released as a significant number of related holes are completed.

In connection with the offering, the company may pay a finder's fee in cash equal to 6 per cent of the gross proceeds raised and issue compensation warrants exercisable at 25 cents for a period of 12 months from the date of issuance, equal to 6 per cent of the total number of common shares sold, to qualified non-related parties, in accordance with the policies of the TSX Venture Exchange.

All securities issued under the offering, including securities issuable on exercise thereof, will be subject to a hold period expiring four months and one day after issuance, in accordance with the rules and policies of the exchange and applicable Canadian securities laws.

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, all in B.C., are the Rabbit North orogenic gold and porphyry copper-gold project located between the New Afton copper-gold and Highland Valley copper mines in the Kamloops mining district, the Nechako porphyry-associated gold-silver project near Artemis' Blackwater project and the More Creek epithermal gold project on the critical red line structural zone connecting the mineral deposits of the Golden Triangle.

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