Tower Resources Regulatory News (TRP)

5 Dec 2006 09:42

Tower Resources PLC05 December 2006 Press Release 5 December 2006 Tower Resources plc Directorate change Tower Resources plc, the AIM listed oil exploration and production company withlicence interests in Uganda and Namibia, announces that Russell Langusch hasstepped down as an Executive Director of the Company. Peter Kingston, currentlynon-executive Chairman has been appointed Executive Chairman with immediateeffect. To ensure a smooth transition Russell will remain as a non-executivedirector until 1 February at which point he will leave the board. Tower Resources' Executive Chairman, Peter Kingston, commented: "We are extremely grateful to Russell for his time and assistance during theformative stages of Tower Resources. We wish him well with his other businessinterests." Russell Langusch said: "Given the changing management requirements of Tower as the Company adopts amore operational role in Uganda and the ongoing demands of my position at ElixirPetroleum, I feel that I am unable to commit my time adequately between thesetwo directorships." Contact: Tower Resources www.towerresources.co.ukPeter Kingston Executive Chairman 01373 837223 Aquila Financial Ltd www.aquila-financial.comPeter Reilly 020 7202 2601Ross Bethell 020 7202 2603 Corporate Synergy plcOlliver Cairns 020 7448 4400 This information is provided by RNS The company news service from the London Stock Exchange