Tower Resources Grants Incentive Stock Options

Septe ember 28, 2 2017 TWR: T TSX Ventur re Exchang ge

NEW WS RELEAS SE

Tower Re esources Gra ants Incenti ive Stock O Options

Vancouver, B.C. - Tower Res sources Ltd. ( (“Tower” or the “Compa any”) announ nces that it ha as grante ed stock opti ions to acquire up to 900 0,000 common shares of t the Company y, of which a an aggregate of 650,0 000 were gran nted to certain n directors an nd officers of f the Compan ny. Each of th he stock options is ex and exercisable xercisable for a five year term expiring on Septembe er 28, 2022 a until t that time at a price of $0.16 per commo on share. On September 27 7, 2017, the la ast day that th he Comp pany's commo on shares trad ded prior to t the granting o of the stock o options, the closing price o of ons are subject the co ommon shares s on the TSX X Venture Exc change was $0 0.155 per sha are. The optio to ves sting provisio ons, one-eight th vesting on the date of gr rant and an a additional one e-eighth to ve est every three months s thereafter. T The stock opti ions, and any y common sha ares issued up pon exercise o of the sto ock options, a are subject to a four month h resale restric ction expiring g January 28, 2018.

Abou ut Tower Res sources

Towe er Resources Ltd. (TWR.V) is a Van 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.