Killajoules

Tower Resources Issue of Equity
Tower Resources, (AIM: TRP), the oil and gas exploration company with interests in sub-Saharan Africa, principally in Uganda and Namibia, announces today that Astaire Securities and Westhouse Securities have raised £660,000 before expenses through a placing with institutional and other investors including certain Directors of the Company(the 'Placing') of 22,000,000 new ordinary shares of 0.1p each in the Company (the 'Placing Shares') at a price of 3 pence per Placing Share.