VANCOUVER, BC: Tower Resources Ltd. (the "Company") has closed the private placement announced on December 7, 2011. The Company arranged a non-brokered private placement (the "Offering") of 2,545,000 Flow-Through Common Shares (the "Shares") at a price of $0.40 per Share for gross proceeds of $1,018,000. The Company paid finders' fees totaling $10,500 to Macquarie Private Wealth Inc. and Raymond James Ltd.
The Shares are subject to a statutory hold period which expires April 24, 2012.
Proceeds from the Offering will be used by the Company to finance its 2012 exploration program in British Columbia.
TOWER RESOURCES LTD.
Mark Vanry - Director, CEO & President
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.