Tower Resources plc (“Tower” or the “Company”), LN: TRP, the AIM listed oil and gas exploration company, announces that further to the news release made by the Company on 30 July 2012 the Company has issued in aggregate 10,014,581 warrants to Directors in sacrifice of an aggregate of £206,000 of fees and salaries.

The warrants expire on 28 July 2017 and have an exercise price of 3.225p per share being the middle market price of the Company’s shares at the close of business today.

The warrants issued and the respective fees/salary foregone are detailed below:

 Warrants£
Jeremy Asher5,153,135106,000
Graeme Thomson1,458,43430,000
Peter Blakey1,458,43430,000
Peter Taylor1,458,43430,000
Philip Swatman486,14410,000

The total number of outstanding warrants and options is now 58,819,199, representing 3.6 per cent of the issued share capital of the Company.

Contacts
Tower Resources

Graeme Thomson (CEO)
+44 7930 405 921

Northland Capital Partners Limited

(Nominated Adviser and Joint Broker)
Gavin Burnell / Edward Hutton
John Howes / Alice Lane (Broking)
020 7796 8800

Investec (Joint Broker)

Ben Colegrave, Chris Sim
0207 597 4000

M Communications

Patrick d’Ancona, Chris McMahon, Andrew Benbow
020 7920 2358

Directors Interests

The following table sets out the Directors shareholdings and percentage interests in the issued share capital of the Company together with interests in warrants and options:

 Shareholding% of issued share capitalNumber of OptionsNumber of Warrants
Jeremy Asher184,250,00011.3 6,913,273
Graeme Thomson5,000,0000.320,000,0001,458,434
Peter Taylor99,019,1056.1 4,656,698
Peter Blakey96,519,1055.9 4,656,698
Philip Swatman2,500,0000.21,500,000486,144

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