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.


Mark Vanry - Director, CEO & President
(604) 558-2565
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Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.