Mr. Joe Dhami reports

TOWER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $1.720 MILLION

Tower Resources Ltd. intends to complete a non-brokered private placement consisting of up to six million flow-through common shares at a price of 18 cents per FT share and up to four million units at a price of 16 cents per unit for aggregate gross proceeds of up to $1.72-million.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at a price of 25 cents for a period of 12 months from the date of issuance.

The gross proceeds from the sale of the FT shares will be used to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures within the meaning of the Income Tax Act (Canada). The company intends to use the flow-through proceeds to advance exploration of its Rabbit North gold project in British Columbia. Planned activities include diamond drilling, geological modelling, interpretation of alteration and mineralization patterns, integration of downhole and surface geophysical data sets, target generation activities, and lidar and/or induced polarization surveys designed to improve targeting efficiency and support future drilling campaigns. The remaining proceeds from the sale of the units will be used for general working capital and corporate purposes.

The company may pay finders' fees in connection with the offering to eligible arm's-length parties in accordance with the policies of the TSX Venture Exchange. Such finders' fees may consist of a cash commission equal to up to 6 per cent of the gross proceeds raised from subscribers introduced by the finder and finders' warrants equal to up to 6 per cent of the securities sold to such subscribers. Each finder's warrant will be exercisable into one common share of the company at a price of 16 cents for a period of 12 months from the date of issuance.

All securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.

Completion of the offering is subject to the receipt of all necessary approvals, including acceptance of the TSX-V. The offering may be completed in one or more tranches.

Certain directors of the company are expected to participate in the offering and acquire an aggregate of approximately 200,000 units. Such participation will constitute a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company expects to rely upon the exemptions from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as neither the fair market value of the securities to be issued to, nor the consideration to be paid by, such related parties is expected to exceed 25 per cent of the company's market capitalization, as determined in accordance with MI 61-101. The company did not file a material change report more than 21 days before the expected closing of the offering because the company wished to complete the offering on an expedited basis for sound business reasons.

The planned exploration program at Rabbit North is designed to further define and expand the company's recent gold discoveries and support the establishment of a significant gold resource. The primary objectives of the proposed drilling program are to: (i) confirm the expected continuity of gold mineralization over an approximately 800-metre strike length between the Thunder North and Blue Sky zones through drilling at approximately 50-metre spacing and depths between 100 and 250 metres; (ii) subject to regulatory approvals, confirm the continuity of mineralization within this 800-metre segment from surface to approximately 100-metre depth; (iii) confirm, through limited deep drilling, the continuity of gold mineralization to depths of at least 400 metres; and (iv) extend the Blue Sky zone up to 1.5 kilometres to the east along a strong and continuous gold-in-till anomaly.

About Tower Resources Ltd.

Tower Resources is a mineral exploration company focused on the advancement of its 100-per-cent-owned Rabbit North gold project located in the Kamloops mining division of British Columbia and the evaluation of additional exploration opportunities in Canada.

We seek Safe Harbor.