Tower Resources Regulatory News (TRP)

6 May 2008 07:03

Tower Resources PLC06 May 2008 PRESS RELEASE6 May 2008 Tower Resources Plc (the 'Company') Tanzania - Licence Award Tower Resources plc is pleased to announce that the Company has been successfulin an application for an Exploration Licence covering Lakes Eyasi, Wembere,Natron and Manyara in the north east of Tanzania. The award of the licence is subject to agreement of final terms and completionof a production sharing agreement. Peter Kingston, Tower Resources' Executive Chairman, commented: "This award marks our first entry to Tanzania and complements our existingexploration interests in Uganda and Namibia." For further information, please contact: Tower Resources plc www.towerresources.co.ukPeter Kingston, Chairman 07802 804852 Blue Oar SecuritiesRhodri Cruwys 020 7448 4400 Aquila Financial Limited www.aquila-financial.comPeter Reilly 0118 979 4100 Notes to Editors Tower Resources Plc is an AIM-listed, independent oil and gas explorationcompany based in London. The company is focused on sub-Saharan Africa, holding exploration licences inNamibia and Uganda through its two operating subsidiaries Neptune Petroleum (Namibia) Ltd and Neptune Petroleum (Uganda) Ltd. The company's assets include; blocks 1910A, 1911 and 2011A offshore Namibia andonshore block 5 in Northern Uganda. This information is provided by RNS The company news service from the London Stock Exchange