Mr. Joe Dhami reports

TOWER ANNOUNCES PRIVATE PLACEMENT, GRANT OF EQUITY INCENTIVES AND ADVERTISING SERVICES AGREEMENT

Tower Resources Ltd. intends to complete a non-brokered flow-through private placement offering for aggregate gross proceeds of $800,000. Under the offering, the company will issue up to 5,333,334 flow-through (FT) units at a price of 15 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-half of one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one common share at 25 cents for a period of two years from the date of issuance. The company intends to use the gross proceeds from the offering for expenditures that qualify as Canadian exploration expenses, within the meaning of the Income Tax Act (Canada), to run drill programs on its properties. In connection with the offering, the company may pay finders' fees in cash equal to 6 per cent of the gross proceeds raised, and issue 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 four months and one day after issuance, in accordance with the rules and policies of the exchange and applicable Canadian securities laws.

Grant of equity incentives

The company has approved, subject to acceptance by the exchange, the grant of 3.35 million stock options to officers, directors and a consultant of the company. The options are non-transferable and exercisable into common shares until Nov. 28, 2029, at 12.5 cents per option, subject to vesting provisions, with one-third vesting on the date of grant and one-third vesting ever anniversary thereafter.

Advertising services agreement

The company also announces it has entered into an agreement with Ceo.ca Technologies Ltd., subject to approval by the exchange. The service provider's scope of work will include, but not be limited to, providing advertising services, planning content creation and assisting in enhancing awareness of the company. The agreement is for a term of three months commencing in December. To the knowledge of the company, the service provider does not currently hold a security position in Tower and there was no relationship prior to the agreement.

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.

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