VANCOUVER, B.C. - Tower Energy is pleased to announce the appointment of Christopher Leslie, M.Sc as Vice President Exploration. Mr. Leslie joins Tower from Richfield Ventures Corp. (now New Gold Inc. NGD:T) where he was Senior Project Geologist at the company's successful Blackwater Gold project southwest of Prince George, BC.
During his time at Richfield, Mr. Leslie was an integral member of the discovery team at the Blackwater Gold project where he supervised the exploration program. He has been involved in mineral exploration and government geoscience since 2005, working on numerous deposit styles both in grassroots exploration and in production. He holds a M.Sc. degree in geology from the University of British Columbia.
Tower also announces mobilization of a field crew to commence exploration on the company's recently acquired volcanogenic massive sulphide projects located on Vancouver Island, BC (see NR June 30, 2011).
Tower Energy Ltd.
Mark Vanry - Director, CEO & President
Forward-Looking Statement Caution
This news release contains certain "forward-looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation. Such statements include, without limitation, statements regarding the proposed use of proceeds and anticipated date of closing. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change, except as required by law. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include, the Company's inability to secure subscriptions from investors to complete the proposed financing in whole or in part, a management decision to change the use of proceeds based on changing circumstances, the volatility of metals prices, volatility in the market for the Company's securities and market for equities generally, and other risks associated with mineral exploration. The reader is urged to refer to the Company's public disclosure which is available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.