Tower Grants Incentive Stock Options

August 12, 2011 TWR: TSX Venture Exchange

NEWS RELEASE

TOWER GRANTS INCENTIVE STOCK OPTIONS

Mark Vanry, president of Tower Energy Ltd. (“the Company”), is pleased to announce a grant of 750,000 incentive stock options to an officer of the Company. The incentive stock options (the “Options”) are priced at $0.10 each and may be exercised for a period of up to three years from the date of grant with 12.5% of the options vesting at the date of grant and an additional 12.5% vesting every three months thereafter.

TOWER ENERGY LTD.

“Mark Vanry”

President & CEO

530 – 510 Burrard Street Vancouver, BC, Canada V6C 3A8 Tel: (604) 558-2565 Cell: (778) 997-7573 Email: [email protected]

Neither the TSX Venture Exchange nor its Regulatory Service (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.