Tower Intersects 20.3 m of 3.13 g/t Au, Including 8.0 m of 7.16 g/t Au, at Rabbit North's Blue Sky Zone

Tower Resources Ltd. (TWR) reported gold assays for Holes RN-25-077 and RN-25-078 from its June 2026 diamond programme at Rabbit North. Both holes were drilled from a common pad located 50 m southwest of Hole 055, the Blue Sky discovery hole. They were oriented northwest and parallel to Hole 055 at dips of -50° and -70°, respectively.

• Hole 077 (362.0 m TD): Upper Blue Sky 20.3 m @ 3.13 g/t Au from 111.30 m, including 8.0 m @ 7.16 g/t Au from 123.60 m; Lower Blue Sky 134.0 m @ 0.65 g/t Au from 197.50 m, including 1.5 m @ 16.70 g/t Au from 311.00 m.
• Hole 078 (468.0 m TD): Upper Blue Sky 50.3 m @ 1.07 g/t Au from 70.00 m, including 3.6 m @ 4.15 g/t Au and 10.0 m @ 2.29 g/t Au; Lower Blue Sky 114.5 m @ 0.44 g/t Au from 171.00 m, including 1.4 m @ 7.13 g/t Au.

The June programme comprised eight holes totaling 2,303.5 m. Results for holes 074-076 were released on August 13, 2026. Assays for holes 077 and 078 were delayed because less than half of the core in three holes was cut and assayed due to a shortage of experienced core cutters; the remaining core was cut in late September.

A reporting screen stated in Table 1 indicates that only zones with an Au grade multiplied by core width greater than 10 g·m are shown. Gold values are uncut, and samples above 15 g/t Au are shown individually. True widths have not been determined. Three of the eight June holes (079, 080, 081) remain unreported. No cutoff grade is stated, no metal equivalent is used, and no metallurgical work is discussed.

Next steps include vertical grid drilling to establish resources, as the company now believes the domains are sub-horizontal. Some holes will be drilled below 250 m, described as the approximate base of the delineated portion of the Lower Domain, while continued angle drilling will proceed northeast toward the 1001-grain till anomaly.

Tower Resources Ltd. (TWR) is a pre-resource grassroots explorer with no mineral resource, reserve, preliminary economic assessment, or metallurgical study on any of its three properties. The company reports zero revenue, a net loss of C$3.20M for the fiscal year 2025, and includes an explicit going-concern flag in its management’s discussion and analysis. Cash reserves stood at C$1.60M as of January 31, 2026, supplemented by approximately C$1.7M raised in July 2026 through the issuance of 6,000,001 flow-through shares at C$0.18 and 4,001,250 units at C$0.16. With quarterly exploration spending of roughly C$0.9M and general and administrative costs of C$0.2M, the company has approximately two to three quarters of runway, implying a high probability of further dilution.

The Blue Sky discovery anchor result comes from Hole 055, which returned 198.75 m @ 0.69 g/t and 31.5 m @ 4.15 g/t in December 2024, supplemented by Hole 064 returning 172.74 m @ 0.65 g/t. The stock traded at C$0.17 recently, down from C$0.23 on October 15, 2025, and C$0.25 in January 2026, sitting near the bottom of a 52-week range of C$0.13 to C$0.25.

Recent drilling in the Lower Domain returned 134 m @ 0.65 g/t and 114.5 m @ 0.44 g/t, compared to the anchor’s 198.75 m @ 0.69 g/t. This represents essentially the same grade over 33-42% less downhole length. Given these are effectively resource-definition holes at the established 0.65-0.69 g/t Blue Sky grade, the results serve as a confirmation rather than a miss.

The results are marginally new, primarily due to a second section confirming mineralisation in the Blue Sky–Thunder North gap and a higher-grade Upper Domain lens of 20.3 m @ 3.13 g/t in one hole. Neither changes the perceived scale or grade of the system as previously communicated. A sub-horizontal, fold-thickened reinterpretation could add tonnes if it survives drill testing, but it remains a geometric hypothesis from two holes near an existing one rather than assayed new volume. The results are in-line with expectations, confirming a system the market has already seen at this grade.

Tower Resources Ltd. (TSXV: TWR, OTCQB: TWRFF) is a pre-revenue Canadian explorer with three 100%-owned British Columbia projects. Insiders hold approximately 20% of the company.

The firm’s flagship asset is Rabbit North, a 17,526-hectare orogenic gold property in the Kamloops district, situated between New Afton and Highland Valley. Since 2021, four zones—Lightning, Thunder, Thunder North, and Blue Sky—have been discovered through under 13,000 meters of drilling. The project holds district-scale potential for early porphyry Cu-Au and later orogenic Au systems. A 1,001-grain till anomaly suggests at least two parallel trends and a minimum 2.5 km system length. Rabbit North is fully permitted for exploration.

The More Creek property, a 6,430-hectare epithermal and structurally controlled gold prospect in the Golden Triangle on Highway 37, has no drill intercepts and exploration is currently deferred. The Nechako Gold project, a 2,975-hectare site near Blackwater, hosts an Eocene porphyry Au-Ag-As-Zn-Pb system. Its best historical intersect was 7.1 meters at 2.75 g/t Au with Ag-Zn-Pb and elevated arsenic. Exploration at Nechako Gold is deferred to conserve capital.

The company’s leadership includes President and CEO Joe Dhami, Chairman Gerald Shields, and Interim CFO Lesia Burianyk. Director and Qualified Person Stuart Averill brings 50 years of experience and is credited with exposing Bre-X. Matthew Husslage serves as the Rabbit North programme manager, while André Gaumond, an advisor and former executive at Virginia Gold and Éléonore, provides additional support.

Tower Resources is in the exploration and discovery stage only. There are no resources, reserves, economic studies, or metallurgical data on any asset.