Company Activity Update

Tower Resources PLC
18 July 2006


Tower Resources plc

For immediate release: 18 July, 2006

Tower Resources plc

Update on Company Activities

Tower Resources plc ('Tower' or 'the Company') (AIM code: TRP), the AIM-listed
independent oil and gas exploration company with exploration licences in Uganda
and Namibia, is pleased to provide an update on the Company's African projects.
These assets were acquired by Tower in a merger with Neptune Petroleum Limited
approved by shareholders on 16 January, 2006. We are pleased to report that good
progress has been made with technical evaluation work in both Uganda and 
Namibia, enhancing the potential of both assets.

In Uganda, a detailed interpretation of gravity-magnetics ('G-M') survey data
previously recorded across Tower's Block EA5 has been completed, along with a
geo-chemical study to assess basin maturity. The results are very encouraging,
indicating sediments up to 3.5 km thick within the graben area of EA5, which
should be mature for hydrocarbon generation below a depth of approximately 2,000
metres. Additional G-M data is planned to be acquired during the forthcoming dry
season (September-October) to supplement the existing database. However the
results to date have offered sufficient confidence for farmout activities to
begin.

The Board of Tower believe that conditions for oil generation and entrapment in
permeable reservoirs in Block 5 are similar to those in Block 2, where the
recently-publicised oil discoveries of the Hardman-Tullow oil consortium are
located, about 100 miles (160 km) south-west of Tower's Block 5 along the same
Ugandan rift trend. Testing of the Waraga-1 discovery well in Block 2 has just
been completed with the well producing at cumulative rates in excess of 12,000
bopd over three intervals.

In Namibia, detailed interpretation of almost 10,000 km of purchased 2D seismic
data across the licence area (Blocks 1910A, 1911 and 2011A) has been completed.
A geo-chemical study to assess source rock maturity and a sea surface oil seeps
survey, by satellite imaging, are nearing completion. The seismic interpretation
results are most encouraging identifying numerous leads in several geological
settings. Many of the structures identified are of commercial significance with
a few structures capable of containing prospective resources ranging in the
order of 1,000 mmb of recoverable oil, if hydrocarbons are present. More work is
required to assess the exploration risk of the various leads including detailed
seismic reprocessing and analysis to more rigorously investigate the
significance of hydrocarbon indicators highlighted by the interpretation to
date. Farm-out initiatives will be undertaken once this work is complete.

Further updates will be provided to the market as the farmout campaigns in
Uganda and Namibia proceed.

An updated version of Tower's investor presentation will be posted on the
Company's website (www.towerresources.co.uk) at the same time as this release.


For further information, please contact:

Tower Resources plc
Peter Kingston, Chairman                                         01373 837223
Russell Langusch, Executive Director                             07840 523771

Corporate Synergy
Oliver Cairns                                                    020 7448 4400

Aquila Financial Limited
Peter Reilly                                                     020 7202 2601
Ross Bethell                                                     020 7202 2603
www.aquila-financial.com


For the purposes of AIM Rule 11, this announcement has been reviewed by Tower
Resources' Executive Director, Russell Langusch BE (Hons) M Eng Sc, a Petroleum
Engineer of more than 30 years standing and a member of the SPE.

Tower Resources plc
5 Charterhouse Square
London EC1M 6PX
Tel: [phone]
www.towerresources.co.uk 


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