TWR Tower Resources Ltd

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES


Tower Resources Ltd. (the "Company") (TSX VENTURE:TWR) has engaged Jennings
Capital Inc. ("Jennings") to conduct a brokered private placement to raise, on a
best efforts agency basis, up to $2 million through the issue of units (the
"Units") and flow-through units (the "FT Units"). Each Unit will be sold at a
price of $0.28 per Unit and will consist of one common share and one-half of one
common share purchase warrant (a "Warrant"). Each FT Unit will be sold at a
price of $0.32 per FT Unit and will consist of one common share which will be
designated as a flow through share (the "Flow Through Shares") for the purposes
of the Income Tax Act (Canada), and one-half of one Warrant. Each whole Warrant
will entitle the purchaser to acquire an additional common share at a price of
$0.40 per share for a period of 24 months following the closing of the private
placement. Jennings has also been granted the right to increase the size of the
private placement by up to $250,000 of Units or FT Units. 


Jennings will be paid a cash commission equal to 7% of the proceeds of the sale
of the Units and FT Units. In addition, Jennings will receive warrants to
purchase such number of Units of the Company as is equal to 7% of the aggregate
number of Units and FT Units sold, at a price of $0.28 per Unit, exercisable for
a period of 24 months following the closing of the private placement. Closing of
the private placement is scheduled to take place on or about December 6, 2012,
and is subject to the completion of subscription agreements with the investors
and the approval of the TSX Venture Exchange. All securities issued in
connection with the private placement will be subject to a four month hold
period in Canada. 


This news release does not constitute an offer to sell or a solicitation of an
offer to sell any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.


The funds will be used for exploration on the JD, Baez and Waterloo properties,
and for general working capital.


Forward-Looking Statement Caution

This news release contains certain "forward-looking statements", as defined in
the United States Private Securities Litigation Reform Act of 1995, and within
the meaning of Canadian securities legislation. Such statements include, without
limitation, statements regarding the proposed use of proceeds and anticipated
date of closing. The Company cautions that forward-looking statements are based
on the beliefs, estimates and opinions of the Company's management on the date
the statements are made and they involve a number of risks and uncertainties.
Consequently, there can be no assurances that such statements will prove to be
accurate and actual results and future events could differ materially from those
anticipated in such statements. The Company undertakes no obligation to update
these forward-looking statements if management's beliefs, estimates or opinions,
or other factors, should change, except as required by law. Factors that could
cause future results to differ materially from those anticipated in these
forward-looking statements include, the Company's inability to secure
subscriptions from investors to complete the proposed financing in whole or in
part, a management decision to change the use of proceeds based on changing
circumstances, the volatility of metals prices, volatility in the market for the
Company's securities and market for equities generally, and other risks
associated with mineral exploration. The reader is urged to refer to the
Company's public disclosure which is available through the Canadian Securities
Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at
www.sedar.com for a more complete discussion of such risk factors and their
potential effects.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tower Resources Ltd.
Mark Vanry
Director, CEO & President
(604) 558-2565
mvanry@towerresources.ca
www.towerresources.ca

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