Tower Resources Applies for Amendments to Terms of Warrants

Febr ruary 15, 2018 TWR: T TSX Ventur re Exchang ge

NEW WS RELEAS SE

Tower r Resources Applies for r Amendmen nts to Term ms of Warra ants

Vancouver, B.C. - Tower Res sources Ltd. ( (“Tower” or the “Compa any”) announ nces that it ha as made application to the TSX X Venture Ex xchange (the e "Exchange e") to extend d the term o of 15,000,000 comm mon share pu urchase warra ants (the "W Warrants") th hat were issu ued under th he Comp pany's private e placement o of units completed on Sept tember 16, 20 016. The Wa arrants that ar re the su ubject of the application h have an exerc cise price of $0.15 per co ommon share and are set t to expire e on March 16, 2018. I Insiders of th he Company y hold 4.70% % of these W Warrants. Th he Comp pany has appl lied for conse ent to extend the term of th he Warrants f from 18 mont ths (18) to tw wo (2) ye ears from the date of origin nal issuance o of the Warrant ts in accordan nce with Exch hange policie es.

Abou ut Tower Res sources

er Resources Ltd. (TWR.V) is a Van Towe ncouver base ed junior min neral explora ation compan ny focuse ed on the dis scovery and advancement t of economi ic mineral pr rojects, prima arily in Britis sh Colum mbia. The co ompany’s key y exploration n assets are R Rabbit North, , Nechako G Gold and Mor re Creek k.

Towe er Resources Ltd.

Mark Vanry - Dire ector, CEO & President (604) 558-2565 [email protected] www.towerresourc ces.ca

Neit ther the TSX V Venture Excha ange nor the In nvestment Indu ustry Regulato ory Organizati ion of Canada accepts respon a nsibility for the e adequacy or a accuracy of th his release.