Tower's Initial Gold Results from the 11-Hole Rabbit North Drilling Program Greatly Expand the Near-Surface Open Pit Resource Potential of the Blue Sky Zone and Extend the High-Grade Thunder North Zone 100 M Eastward Toward Blue Sky at Similarly Shallow D

The February 19, 2026, news release reports initial assay results from 6 of 11 diamond drill holes (3,213 meters) completed in late 2025 at the Rabbit North property. - Blue Sky Zone: Drilling confirmed wide intervals of near-surface gold mineralization. Key intercepts include 172.74m of 0.65 g/t Au (Hole RN-25-064) and 80.0m of 0.64 g/t Au (Hole RN-25-065). Within these broad zones, narrow high-grade veins were identified, such as 0.5m of 16.9 g/t Au. - Thunder North Zone: Hole RN-25-069 successfully extended this high-grade zone 100 meters eastward toward the Blue Sky trend, returning 20.0m of 1.93 g/t Au and 13.65m of 1.92 g/t Au at shallow depths (starting at 43m). - Operational Progress: The company has now completed over 10,000 meters of drilling at Rabbit North, transitioning from pure exploration to resource modeling and de-risking of an open-pit potential. - Marketing: The company concurrently announced a market-making and consulting agreement with ICP Securities and Insight Capital Partners to improve liquidity.

The news is Material - Positive for the following reasons: - Continuity and Scale: The results successfully link previously isolated discoveries (Thunder North and Blue Sky). This is critical for building a cohesive mineral resource rather than a collection of small, disconnected pods. - Open-Pit Potential: The discovery of broad intervals (172m and 80m) starting from near-surface suggests the possibility of a bulk-tonnage mining scenario, which typically carries lower risk than narrow-vein underground mining. - Strategic Extension: Extending Thunder North by 100 meters eastward with consistent grades (~1.9 g/t Au) validates the geological model and suggests the system remains open for further expansion. - Management Credibility: Projections made in late 2025 regarding the "Horsetail" structural model are materializing as predicted by the technical team.

However, a critical view notes that the bulk-tonnage grades (0.64–0.65 g/t Au) are relatively low for the current market environment, and the stock is currently trading 20% below the $0.25 price of the October 2025 flow-through financing, suggesting that while the geology is improving, the capital structure is under pressure.

Tower Resources is a Canadian junior explorer focused on the Rabbit North project in the Kamloops Porphyry District, BC. - Project Location: Situated between the New Afton (New Gold) and Highland Valley (Teck) mines, providing excellent infrastructure and a low-cost operating environment. - Geological Model: The project hosts both copper-gold porphyry mineralization (Rainbow Zone) and younger, higher-grade orogenic gold mineralization (Lightning, Thunder, Thunder North, and Blue Sky zones). - Recent Strategy: The company shifted focus toward the orogenic gold zones in 2024-2025 after identifying a "horsetail" shear structure that appears to host significant gold endowment.