Tower Resources Ltd. report that assays received from Hole 042 on the Company's Rabbit North property near Kamloops, British Columbia, between New Gold's New Afton underground Cu-Au mine and Teck's Highland Valley open pit Cu-Mo mine show that the new, near-surface Rainbow Cu-Au-Mo Zone that was just discovered in Hole 041 increases in both grade and thickness to the west. A 72.4 m section beneath thin basalt cover averages 0.27% Cu, 0.40 g/t Au and 0.01% Mo, or 0.57% Cu-equivalent. The 0.57% Cu-equivalent grade of the 72.4 m long intercept of the Rainbow Zone in Hole 042 compares very favourably with the reported reserve grades of three of the largest, currently producing open-pit porphyry Cu±Au±Mo mines in BC.

­ Highland Valley @ 0.35% Cu-equivalent, Red Chris @ 0.53% and Mt. Milligan @ 0.48%. In addition, the Rainbow Zone is very close to surface; it has the best combination of grade and depth of any of the known porphyry Cu-Au occurrences on the property.

The Thunder and Rainbow Zones were discovered just six months after identification of the Central gold grain dispersal train in the till, matching the speed with which the Lightning Zone was discovered from the Dominic Lake Train. Their discovery required just four diamond drill holes totaling 1403.1 m at an all-in cost of ~$500,000, with each zone intersected in two holes. The guidance of the gold grain dispersal train was essential because the discoveries were otherwise made blindly in an area that is devoid of outcrop and was previously considered to be unprospective.

The basalt cover rocks were historically assumed to be limited to a narrow band through the Holes 039/040 area, probably in part because they are much more magnetic than the basement rocks yet, paradoxically, produce a magnetic low due to being erupted during a reversal of Earth's north and south magnetic poles.