Mr. Joe Dhami reports

TOWER ANNOUNCES CLOSING OF $408,000 NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT

Tower Resources Ltd. has closed a flow-through non-brokered private placement for aggregate gross proceeds of $408,000. Under the offering, the company issued 3.4 million flow-through (FT) units at a price of 12 cents per FT unit. Each FT unit comprises one common share in the capital of the company that qualifies as a flow-through share for the purposes of the Income Tax Act (Canada) and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one common share in the capital of the company at 18 cents until July 3, 2026. The company intends to use the net proceeds from the offering for expenditures that qualify as Canadian exploration expenses, within the meaning of the Income Tax Act (Canada).

In connection with the offering, the company paid a finder's fee in cash of $24,480, equal to 6 per cent of the gross proceeds raised, and issued 204,000 warrants, equal to 6 per cent of the total number of FT units 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 Nov. 4, 2024, 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 British Columbia, 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, the Nechako porphyry-associated gold-silver project near Artemis's Blackwater project and the More Creek epithermal gold project on the critical "red line" structural zone connecting the mineral deposits of the Golden Triangle.

We seek Safe Harbor.