Tower Resources Ltd. announced a non-brokered private placement of 3,000,000 units at a price of CAD 0.10 per Unit for gross proceeds of up to CAD 300,000 and 1,538,462 flow-through units at a price of CAD 0.13 per Unit for gross proceeds of up to CAD 200,000.06, bringing aggregate proceeds to CAD 500,000.06 on April 24, 2024. Each Unit is comprised of one common share in the capital of the Company and one non-transferable Common Share purchase warrant. Each Warrant entitles the holder to purchase one common Share at a price of CAD 0.18 for a period of two years from the date of issuance.

Each FT Unit is comprised of 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 Warrant. Each Warrant entitles the holder to purchase one Common Share at CAD 0.18 for a period of two years from the date of issuance. In connection with the Offering, the Company may pay a finder's fee 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 4 months and 1 day after issuance, in accordance with the rules and policies of the Exchange and applicable Canadian securities laws.