TOWER RESOURCES PLC — Capital/Financing Update 2015

Mar 4, 2015

Wentworth Resources Limited : Funding Update

Wentworth Resources Limited : Funding Update

PRESS RELEASE

4 March 2015

Wentworth Resources Limited

("Wentworth" or the "Company")

Funding Update

Wentworth Resources Limited, the Oslo Stock Exchange (OSE: WRL) and London Stock

Exchange (AIM: WRL) listed independent, East Africa-focused oil & gas company,

today announces an update on its financial position.

Further to the announcement on 26 February 2015 of the Company's Q4 2014

Financial Statements and MD&A, the Company has subsequently drawn an amount of

$5.6 million on an existing $20 million credit facility (the "Facility") with a

Tanzania-based bank, TIB Development Bank Limited ("TIB"), relating to Mnazi Bay

Concession development and operating costs that were incurred and paid for by

the Company prior to executing the Facility in December 2014.  These

unrestricted funds will be used for working capital purposes and significantly

improves the Company's short-term liquidity.

Wentworth expects the remaining amount of the Facility to be sufficient to meet

ongoing Mnazi Bay Concession development capital activities (drilling of the MB-

4 development well and construction of field infrastructure tying in our

existing gas fields to the government-owned pipeline infrastructure) that are

planned for the first half of 2015.  During the second half of 2015, Wentworth's

share of the cost of development capital activities are expected to be funded

from internally generated cash flow.

Lance Mierendorf, Chief Financial Officer, commented:

"We are pleased to have TIB Development Bank as a Tanzania-based partner

supporting our activities as we move towards being a key player in the oil and

gas sector in Tanzania.  TIB have demonstrated a high level of understanding of

and commitment to Wentworth and the emerging energy industry in Tanzania. We are

now in a stronger financial position as we move closer to first cash flow from

sales to the new pipeline in Tanzania."

Enquiries:

Wentworth Lance Mierendorf, lance.mierendorf@wentworthresources.com

Chief Financial +1 403 680 8773

Officer

Katherine Roe katherine.roe@wentworthresources.com

Head of Investor +44 7841 087 230

Relations &

Corporate

Communications

Swedbank First Broker(Norway) +47 23 23 80 00

Securities

Ove Gusevik

Jarand Lønne

Crux Kommunikasjon Investor Relations +47 995 138 91

Adviser

(Norway)

Jan Petter Stiff

Carl Bachke

Panmure Gordon AIM Nominated +44 (0) 20 7886 2500

Adviser and Broker

(UK)

Dominic Morley

Adam James

FirstEnergy Broker (UK) +44 (0) 20 7448 0200

Capital

Travis Inlow

Investec Broker (UK) +44 (0) 20 7597 4000

Chris Sim

Instinctif Investor Relations +44 (0) 20 7457 2020

Partners Adviser (UK)

Catherine Wickman

Harry Cameron

About Wentworth Resources

Wentworth Resources is a publicly traded (OSE:WRL, AIM:WRL), independent oil &

gas company with: natural gas production; midstream assets; and large-scale gas

monetisation opportunities, all in the Rovuma Delta Basin of coastal southern

Tanzania and northern Mozambique.

Cautionary note regarding forward-looking statements

This press release may contain certain forward-looking information.  The words

"expect", "anticipate", believe", "estimate", "may", "will", "should", "intend",

"forecast", "plan", and similar expressions are used to identify forward looking

information.

The forward-looking statements contained in this press release are based on

management's beliefs, estimates and opinions on the date the statements are made

in light of management's experience, current conditions and expected future

development in the areas in which Wentworth is currently active and other

factors management believes are appropriate in the circumstances. Wentworth

undertakes no obligation to update publicly or revise any forward-looking

statements or information, whether as a result of new information, future events

or otherwise, unless required by applicable law.

Readers are cautioned not to place undue reliance on forward-looking

information. By their nature, forward-looking statements are subject to numerous

assumptions, risks and uncertainties that contribute to the possibility that the

predicted outcome will not occur, including some of which are beyond Wentworth's

control.  These assumptions and risks include, but are not limited to: the risks

associated with the oil and gas industry in general such as operational risks in

exploration, development and production, delays or changes in plans with respect

to exploration or development projects or capital expenditures, the imprecision

of resource and reserve estimates, assumptions regarding the timing and costs

relating to production and development as well as the availability and price of

labour and equipment, volatility of and assumptions regarding commodity prices

and exchange rates, marketing and transportation risks, environmental risks,

competition, the ability to access sufficient capital from internal and external

sources and changes in applicable law.  Additionally, there are economic,

political, social and other risks inherent in carrying on business in Tanzania

and Mozambique. There can be no assurance that forward-looking statements will

prove to be accurate as actual results and future events could vary or differ

materially from those anticipated in such statements. See Wentworth's

Management's Discussion and Analysis for the year ended December 31, 2014,

available on Wentworth's website, for further description of the risks and

uncertainties associated with Wentworth's business.

Notice

Neither the Oslo Stock Exchange nor the AIM Market of the London Stock Exchange

has reviewed this press release and neither accepts responsibility for the

adequacy or accuracy of this press release.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1899270]