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News

09/21/07

Grant of Options


 
Category: General

Tower Resources Plc
(the 'Company')

Grant of options

The Company announces that on 20 September 2007 it granted options to Peter
Kingston, Executive Chairman of the Company and Marilyn Hill, General Manager of
the Ugandan operations as below:

Name                Number of     Exercise    Date from which the       Expiry of options
                         options           Price         options are exercisable
Peter Kingston  1,000,000      2.75p        20 September 2008       20 September 2012
Marilyn Hill       1,000,000      2.75p        20 September 2008       20 September 2012

The Company has also issued 454,545 new ordinary shares of 0.1p each in the
Company ('Ordinary Shares') to Peter Kingston as part of his consultancy
agreement.

Application for admission of the new Ordinary Shares to trading on AIM is
expected to occur on 27 September 2007. Following admission, the Company will
have 537,107,878 Ordinary Shares in issue.

For further information, please contact:


Tower Resources plc                        www.towerresources.co.uk
Peter Kingston, Chairman                   07802 804852

Blue Oar Securities
Rhodri Cruwys                              020 7448 4400

Aquila Financial Limited                   www.aquila-financial.com
Peter Reilly                               020 7202 2600
Yvonne Fraser



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