(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - Tower Resources Ltd. (TSXV: TWR) (" Tower " or the " Company ") announces it has closed the first tranche (the " First Tranche ") of its flow-through non-brokered private placement for aggregate gross proceeds of up to $2,000,000 (the " Offering "). Under the Offering, the Company will issue up to 8,000,000 common shares in the capital of the Company (each a " Common Share ") at $0.25 per share, which qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada). In connection with the First Tranche, the Company issued 2,400,000 Common Shares for gross proceeds of $600,000. 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 3000-m diamond drilling program on the Rabbit North property.

In connection with the First Tranche, the Company paid a finder's fee of $36,000 in cash equal to 6% of the gross proceeds raised and issued 144,000 compensation warrants exercisable at $0.25 until October 14, 2026 equal to 6% of the total number of Common Shares sold to a qualified non-related party, in accordance with the policies of the TSX Venture Exchange (the " Exchange ").

All securities issued under the First Tranche, including securities issuable on exercise thereof, will be subject to a hold period expiring February 15, 2026, in accordance with the rules and policies of the Exchange and applicable Canadian securities laws.

About Tower Resources

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.

On behalf of the Board of Directors
Tower Resources Ltd.

Joe Dhami, President and CEO
(778) 996-4730

Reader Advisory

This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "propose," "new," "potential," "prospective," "target," "future," "verge," "favourable," "implications," and "ongoing," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Without limiting the generality of the foregoing statements, the proposed use of the proceeds of the Offering, is forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

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SOURCE: Tower Resources Ltd.

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