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Tower Resources Appoints André Gaumond as a Technical Advisor

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Tower Resources (TSXV: TWR) has appointed mining industry veteran André Gaumond as a technical advisor to help guide the company's transition from exploration to resource definition and M&A at its Rabbit North project. Gaumond, a geological engineer with degrees from Université Laval and École Polytechnique, brings significant expertise as the founder and former CEO of Virginia Gold Mines, which was acquired by Goldcorp in 2005 for its Eleonore gold mine discovery.

Gaumond previously served as Senior Vice President of Northern Development at Osisko Gold Royalties and currently serves as an Independent Director at Altius Minerals. His appointment comes at a strategic time as Tower Resources advances from its 10,000-meter exploration drilling program at Rabbit North to the next phase of development.

[ "Strategic appointment of highly experienced mining professional André Gaumond as technical advisor", "Company advancing from exploration to resource definition stage at Rabbit North after successful 10,000m drilling program", "Addition of expertise in M&A and value enhancement from an advisor with proven discovery record" ]

Tower Resources (TSXV: TWR) ha nominato il veterano del settore minerario André Gaumond come consulente tecnico per supportare la transizione della società dall’esplorazione alla definizione delle risorse e alle attività di M&A presso il progetto Rabbit North. Geologo e ingegnere con lauree alla Université Laval e all’École Polytechnique, Gaumond vanta una solida esperienza come fondatore e ex CEO di Virginia Gold Mines, società acquisita da Goldcorp nel 2005 per la scoperta della miniera d’oro Eleonore.

In passato Gaumond è stato Senior Vice President of Northern Development presso Osisko Gold Royalties e attualmente è Independent Director di Altius Minerals. La sua nomina arriva in un momento strategico, mentre Tower Resources avanza dalla fase di esplorazione � inclusi i recenti 10.000 metri di perforazioni a Rabbit North � verso la fase di definizione delle risorse e valorizzazione tramite M&A.

Tower Resources (TSXV: TWR) ha nombrado al veterano de la industria minera André Gaumond como asesor técnico para ayudar a guiar la transición de la compañía de la exploración a la definición de recursos y a operaciones de M&A en su proyecto Rabbit North. Geólogo e ingeniero con títulos de la Université Laval y la École Polytechnique, Gaumond aporta amplia experiencia como fundador y ex CEO de Virginia Gold Mines, adquirida por Goldcorp en 2005 por el descubrimiento de la mina de oro Eleonore.

Gaumond fue anteriormente Senior Vice President of Northern Development en Osisko Gold Royalties y actualmente es Independent Director en Altius Minerals. Su incorporación se produce en un momento estratégico, cuando Tower Resources avanza desde su programa de perforación exploratoria de 10.000 metros en Rabbit North hacia la siguiente fase de desarrollo, centrada en la definición de recursos y la creación de valor mediante M&A.

Tower Resources (TSXV: TWR)� 채굴 업계 베테� André Gaumond� 기술 고문으로 임명� Rabbit North 프로젝트에서 탐사 단계에서 자원 규정 � 인수·합병(M&A)으로 전환하는 과정� 지원하도록 했습니다. Université Laval� École Polytechnique에서 학위� 받은 지질공학자� Gaumond� Virginia Gold Mines� 창업� � � CEO로서, Eleonore 금광 발견으로 2005� Goldcorp� 인수� 풍부� 경험� 보유하고 있습니다.

Gaumond� 이전� Osisko Gold Royalties에서 Senior Vice President of Northern Development� 일했으며 현재� Altius Minerals� 독립 이사(Independent Director)� 맡고 있습니다. 그의 임명은 Tower Resources가 Rabbit North에서� 10,000미터 탐사 시추 프로그램� 마친 � 자원 규정 단계� 진입하는 전략� 시점� 이뤄졌습니다.

Tower Resources (TSXV: TWR) a nommé le vétéran de l’industrie minière André Gaumond en tant que conseiller technique afin d’accompagner la société dans sa transition de l’exploration vers la définition des ressources et les opérations de fusion-acquisition sur son projet Rabbit North. Ingénieur géologue diplômé de l’Université Laval et de l’École Polytechnique, Gaumond apporte une solide expertise en tant que fondateur et ancien PDG de Virginia Gold Mines, rachetée par Goldcorp en 2005 suite à la découverte du gisement aurifère Eleonore.

Gaumond a précédemment été Senior Vice President of Northern Development chez Osisko Gold Royalties et est actuellement administrateur indépendant (Independent Director) chez Altius Minerals. Sa nomination intervient à un moment stratégique, alors que Tower Resources progresse depuis son programme de forage exploratoire de 10 000 mètres à Rabbit North vers la phase de définition des ressources et la création de valeur via des opérations de M&A.

Tower Resources (TSXV: TWR) hat den Bergbau-Veteranen André Gaumond als technischen Berater berufen, um den Übergang des Unternehmens von der Exploration zur Ressourcenbewertung und zu M&A-Aktivitäten beim Projekt Rabbit North zu unterstützen. Gaumond, ein geologischer Ingenieur mit Abschlüssen der Université Laval und der École Polytechnique, bringt umfassende Erfahrung als Gründer und ehemaliger CEO von Virginia Gold Mines mit, das 2005 von Goldcorp wegen der Entdeckung der Eleonore-Goldmine übernommen wurde.

Gaumond war zuvor Senior Vice President of Northern Development bei Osisko Gold Royalties und ist derzeit Independent Director bei Altius Minerals. Seine Ernennung erfolgt zu einem strategischen Zeitpunkt, da Tower Resources nach dem 10.000-Meter-Erkundungsbohrprogramm in Rabbit North in die nächste Entwicklungsphase übergeht.

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Vancouver, British Columbia--(Newsfile Corp. - August 18, 2025) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to announce that Mr. André Gaumond has been appointed as a technical advisor to the Company. Mr. Gaumond is a mining professional with an exceptionally deep and diverse knowledge base needed at this pivotal stage in Tower's growth as the Company transitions from 10,000 m of very successful exploration drilling at Rabbit North to the resource definition and M&A stage. The Company looks forward to working with Mr. Gaumond to implement a comprehensive strategic plan for Rabbit North.

A geological engineer by training, Mr. Gaumond has been recognized by multiple organizations for his entrepreneurial, community and environmental leadership and achievements. He founded and served as Chief Executive Officer of Virginia Gold Mines Inc. until it was acquired by Goldcorp in 2005 for its Eleonore gold mine discovery. André holds both a Bachelor of Geological Engineering from Université Laval and a Master's degree in Geological Engineering from École Polytechnique. After the acquisition of Virginia Mines (a successor to Virginia Gold Mines) by Osisko Gold Royalties in 2014, Andre served as Senior Vice President, Northern Development, and Director at Osisko Gold Royalties until his retirement from the executive role in November 2016. Andre is now an Independent Director of Altius Minerals and was Director of Altius Renewable Royalties until it acquired in 2024 by Northampton, a private equity fund. He is also an advisor to Doré Copper Mining, recently acquired by Cygnus, an Australian corporation.

Joe Dhami, President & CEO, commented: "In welcoming Andre Gaumond as a technical advisor, we are adding expertise at a critical moment as we accelerate Tower into a new chapter of discovery and growth. Andre's ability to translate complex geological data into clear, actionable strategies aligns perfectly with our goal to optimise shareholder value through disciplined exploration and development at Rabbit North."

Stu Averill, Director, added: "I have followed André's career from his earliest days with Virginia Gold and have a great deal of respect and admiration for his deep geological knowledge, innovative exploration strategy for junior explorers, impressive discovery record and savvy in enhancing the value of successful explorers like Tower. André is extremely professional and widely regarded by his peers as one of the wisest and most accomplished geologists and discoverers of our generation."

About Tower Resources

Tower is a Canadian based mineral exploration company focused on the discovery and advancement of economic mineral projects in the Americas. The Company's key exploration assets, all in B.C., are the Rabbit North orogenic gold and porphyry copper-gold project located between the New Afton copper-gold and Highland Valley copper mines in the Kamloops mining district where Tower has discovered a major orogenic gold system and with limited drilling has already intersected four significant gold zones along 1.2 km of the structural trend, the Nechako porphyry-associated gold-silver project near Artemis' Blackwater project and the More Creek epithermal gold project on the critical "red line" structural zone connecting the mineral deposits of the Golden Triangle.

On behalf of the Board of Directors
Tower Resources Ltd.

Joe Dhami, President and CEO
(778) 996-4730

Reader Advisory

This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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FAQ

Who is André Gaumond and what is his role at Tower Resources (TSXV: TWR)?

André Gaumond has been appointed as technical advisor to Tower Resources. He is a geological engineer and former CEO of Virginia Gold Mines, which was acquired by Goldcorp in 2005 for its Eleonore gold mine discovery.

What stage is Tower Resources' Rabbit North project currently in?

Tower Resources is transitioning from a 10,000-meter exploration drilling program at Rabbit North to the resource definition and M&A stage.

What is André Gaumond's experience in the mining industry?

Gaumond is a geological engineer who founded Virginia Gold Mines (acquired by Goldcorp), served as SVP at Osisko Gold Royalties, and is currently an Independent Director at Altius Minerals. He is recognized for his entrepreneurial, community and environmental leadership.

How will André Gaumond's appointment benefit Tower Resources?

Gaumond will help implement a comprehensive strategic plan for Rabbit North, bringing expertise in geological interpretation, exploration strategy, and enhancing shareholder value through disciplined exploration and development.
Tower Res Ltd

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