Grant of options

21 Sep 2007 08:26

Tower Resources PLC21 September 2007 Tower Resources Plc (the 'Company') Grant of options The Company announces that on 20 September 2007 it granted options to PeterKingston, Executive Chairman of the Company and Marilyn Hill, General Manager ofthe Ugandan operations as below: Name Number of Exercise Price Date from which the Expiry of options options options are exercisablePeter Kingston 1,000,000 2.75p 20 September 2008 20 September 2012Marilyn Hill 1,000,000 2.75p 20 September 2008 20 September 2012 The Company has also issued 454,545 new ordinary shares of 0.1p each in theCompany ("Ordinary Shares") to Peter Kingston as part of his consultancyagreement. Application for admission of the new Ordinary Shares to trading on AIM isexpected to occur on 27 September 2007. Following admission, the Company willhave 537,107,878 Ordinary Shares in issue. 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 020 7202 2600Yvonne Fraser This information is provided by RNS The company news service from the London Stock Exchange