Tower Resources plc announced the following changes to the Board as part of the previously announced restructuring of the company's cost base. Graeme Thomson has notified the company of his decision to step down as Chief Executive Officer of the company, with effect from October 31, 2016, in order to help deliver the necessary reduction in costs. The company announced that Graeme has agreed to continue with the company as a Non-Executive Director.

From November 1, 2016, Jeremy Asher will assume the combined role of Chairman and Chief Executive Officer. Nigel Quinton, Exploration Director, has relinquished his role as Exploration Director with effect from October 26, 2016 but will remain available to the company, as required, on a consultancy basis. In addition, Non-Executive Directors Philip Swatman and Philip Frank have offered to resign from the Board, and the company has accepted these resignations with effect from December 31, 2016.