Tower Resources Ltd. (TSX-V: TWR) announces it has closed the flow-through tranche of its previously announced non-brokered private placement with the issuance of 6,000,001 flow-through common shares at a price of $0.18 per FT Share for aggregate gross proceeds of $1,080,000.18.

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 datasets, target generation activities, and LiDAR and/or induced polarization (“IP“) surveys designed to improve targeting efficiency and support future drilling campaigns.

The Company paid finder’s fees in connection with the Offering to eligible arm’s-length parties in accordance with the policies of the TSX Venture Exchange. Consisting of a cash commission of $64,800.00 equal to 6% of the gross proceeds raised from the sale of the FT Shares to subscribers introduced by the finder and 360,000 finder’s warrants equal to 6% of the FT Shares sold. Each finder’s warrant will be exercisable into one common share of the Company at a price of $0.16 until July 3, 2027.

All securities issued pursuant to the flow-through tranche of the Offering will be subject to a statutory hold period expiring November 4, 2026 in accordance with applicable securities laws.

The next tranche closing of the Offering is anticipated to occur on or around July 17, 2026, subject to approval by the TSXV.

About Tower Resources

Tower Resources Ltd. is a mineral exploration company focused on the advancement of its 100%-owned Rabbit North gold project located in the Kamloops Mining Division of British Columbia and the evaluation of additional exploration opportunities in Canada.