Tower Energy Appoints Mark Vanry as President and CEO

September 3, 2010 TWR: TSX Venture Exchange

NEWS RELEASE

Tower Energy Appoints Mark Vanry as President and CEO

VANCOUVER, B.C.: Tower Energy Ltd is pleased to announce the appointment of Mark Vanry as President and CEO of the Company.

Mr. Vanry previously served as an Executive Vice President of Corporate Development for Argentex Mining Corp. Mr. Vanry also spent five years as Managing Director and Head of Equity Sales for Canaccord Adams UK. Under his leadership, Canaccord Adams became the number one investment dealer for distribution of Canadian equity and equity-linked products to European investors. Prior to that, he was Vice President of US Equity Sales for Raymond James Ltd., also based in London. Mr. Vanry was also the Vice President of Equity sales for Goepel McDermid (now Raymond James Canada) and an Associate in Scotiabank International’s Latin American banking group. He holds an MBA from the Richard Ivey School of Business at the University of Western Ontario and a BA from the University of British Columbia.

TOWER ENERGY LTD.

Per: “Len Guenther”

Director

For further information, please contact:

Len Guenther

Director

TOWER ENERGY LTD.

Suite 2110 – 1177 W. Hastings Street Vancouver, BC, Canada V6E 2K3 Tel: 604.669-4340 Fax: 604.909-4682 Email: [email protected] Website: www.towerenergy.ca

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.