Mr. Brian Roth reports

THREE SIXTY ANNOUNCES CLOSING OF FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENTS

Three Sixty Solar Ltd. has closed a final tranche of its previously announced non-brokered private placement, issuing 521,334 units of the company at a price of 60 cents per unit, for aggregate gross proceeds of $312,800.40 (the LIFE offering). The company has also closed a final tranche of a concurrent non-brokered private placement, previously announced in its news released dated May 19, 2023, issuing 287,700 units at a price of 60 cents per unit, for aggregate gross proceeds of $172,620.00.

Together with the initial closing of the LIFE Offering, which was announced on June 9, 2023, the Company has issued an aggregate of 2,191,234 Units for aggregate gross proceeds of $1,314,740.40 pursuant to the LIFE Offering. Together with the initial closing of the Concurrent Offering, which was announced on June 9, 2023, the Company has issued an aggregate of 333,353 Units for aggregate gross proceed of $200,011.80 pursuant to the Concurrent Offering. When taken in total aggregate, the Company has issued a total of 2,524,587 Units for aggregate gross proceeds of $1,514,752.20 pursuant to the Offering.

Each Unit is comprised of one common share in the capital of the Company (a "Share") and one Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Share at a price of $0.75 per Share for a period of 24 months from the date of issuance.

In connection with Offering, the Company paid an aggregate cash commission of $26,657.40 and issued 44,100 non-transferable broker warrants (the "Broker Warrants") to certain finders. Each Broker Warrant is exercisable for one Share at the exercise price of $0.60 until June 9, 2028, and is subject to a statutory hold period until October 10, 2023.

The Company intends to use the proceeds raised from the Offering for the procurement of sale of first commercial tower, vertical solar tower IP registration, research and development on second generation tower, business development and marketing, and general corporate purposes. Units sold under the LIFE Offering are being issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 Prospectus Exemptions and therefore the securities issued in the LIFE Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. Units sold under the final tranche of the Concurrent Offering are being issued pursuant applicable prospectus exemptions under National Instrument 45-106 - Prospectus Exemptions, and are subject to a statutory hold period until October 27, 2023.

About Three Sixty Solar Ltd.

Three Sixty Solar Ltd. is an all-Canadian enterprise which focuses on solar equipment supply to the global market. The Company's premier product line is the patent pending SVS series commercial solar tower. According to Statistics MRC, the solar farm sector is set to grow to around $296 billion by 2028. Three Sixty Solar's unique tower concept is a high density, clean energy solution that uses up to 90% less land space than conventional solar farms and can co-locate adjacent to homes, retail, agriculture, and industry, thus minimizing line loss and maximizing energy delivery in places where renewables have been difficult to install until now. In multi-tower applications, developers can utilize the spaces between towers to better leverage land assets through additional revenue generating activities. Designed to withstand major instances of extreme weather, Three Sixty Solar offers a clean energy solution with minimal environmental and habitat impact.

We seek Safe Harbor.