OR Through United States Newswire Services
NOT FOR DISSEMINAITON IN THE UNITED STATES OR THROUGH UNITED
STATES NEWSWIRE SERVICES
May 9, 2017 TWR: TSX Venture Exchange
NEWS RELEASE
Payment of Referral Fee Under The Sandstorm Royalty Transaction
VANCOUVER B.C. – Tower Resources Ltd. (“Tower” or the “Company”) further to the
Company’s news release April 6, 2017, the Company has paid $25,000 in cash and issued
172,413 share purchase warrants (the “Warrants”) (together, the “Referral Fee ”) to Canaccord
Genuity Corp. in connection with the completion of the Sandstorm Royalty transaction. Each
Warrant is exercisable to purchase one common share at a price of $0.22 per common share until
May 1, 2022. The Warrants are subject to a statutory hold period expiring September 2, 2017.
The Referral Fee was approved by the TSX Venture Exchange on April 24, 2017.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any of
the securities in the United States. The securities have not been and will not be registered under
the U.S. Securities Act of 1933 or any state securities laws, and may not be offered or sold in the
United States without registration under the U.S. Securities Act of 1933 and all applicable state
securities laws, or an applicable exemption from registration requirements.
About Tower Resources
Tower Resources Ltd. (TWR.V) is a Vancouver-based junior mineral exploration company
focused on the discovery and advancement of economic mineral properties, primarily in British
Columbia. The company's key exploration assets are Rabbit North, Nechako Gold and More
Creek.
For further information contact:
Mark Vanry – Director, CEO & President
(604) 558-2565
www.towerresources.ca
Neither the TSX Venture Exchange nor the Investment Indu stry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
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. The Company cautions that forward -looking statemen ts 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 accura te 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. There are numerous risks and uncertainties
that could cause actual results and Tower's plans and objectives to differ materially from those
expressed in the forward -looking information. The reader is urged to refer t o 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.