Mr. Brian Roth reports

THREE SIXTY SOLAR APPLAUDS BRITISH COLUMBIA CLEAN POWER INITIATIVE

Three Sixty Solar Ltd. is delighted by recent provincial government news regarding a competitive process to acquire 100-per-cent clean energy slated for spring 2024.

Key points:

• B.C. Utilities Commission confirmed that new sources of electricity will be required sooner than previously expected.
• Electricity demand is expected to increase by 15 per cent between now and 2030.
• Province is providing $140-million to the B.C. Indigenous Clean Energy Initiative (BCICEI) to support indigenous-led power projects.
• Electric vehicles on B.C. roads have increased by nearly 2,000 per cent in the past six years.
• B.C. Hydro's first call for power in 15 years, and will target larger, utility scale projects.

B.C. Premier David Eby said, "To guarantee the affordable power for this important transition, we're working in partnership with first nations and B.C. Hydro to generate more of the clean electricity that British Columbia needs to build our economy and grow our role as a clean-energy superpower."

The recent advisory stated that B.C. Hydro will only acquire 100-per-cent clean, renewable electricity, including wind and solar. The call for power process will be designed by B.C. Hydro and the province following engagement with first nations, industry and stakeholders. Over the next 12 months, a B.C. Hydro task force will focus on identifying and implementing short and medium-term actions that can advance projects based on three key priorities:

• Speed of permitting and delivery;
• Oversight to protect ratepayers and enable economic and climate priorities;
• Identifying, enabling and accelerating economic opportunities.

Additionally, the announcement noted that along with B.C. Hydro's plan to initiate a call for power in spring 2024, this may be followed by subsequent calls as the transition to clean energy continues to accelerate and in order to electrify the growing economy while meeting the province's climate targets.

Three Sixty Solar's chief executive officer, Brian Roth, advises: "This is an exciting initiative and one in which we intend to explore. We believe our solar tower solution is a perfect fit for first nations stewardship and protection of land use and is ideally suited for medium- to large-scale projects. Our concept was conceived in B.C. and was designed with our local conditions, environment and growing demand for responsible land use as major considerations. Our positive initial dialogue with various indigenous leaders and communities supports our expectations that Three Sixty Solar can meet or exceed the needs of this initiative in every respect. We have always viewed our concept as a potential win-win for our company and the citizens of B.C. alike, and with the news of government support, we look forward to having our chance to bid on this outstanding opportunity."

Additionally, Three Sixty Solar has made a payment pursuant to its previously announced agreement with Creative Direct Marketing Group Inc. (CDMG) (founder and chief executive officer: Craig Huey; address: 1313 4th Ave. North Nashville, Tenn., 37208, United States; phone: 615-814-6633) for marketing services.

CDMG will, as appropriate, create campaigns, reportalogs, newsalogs, e-mails series, native and display ads for physical and digital mediums, set up and manage remarketing campaigns, and bring attention to the business of the company in consideration of $390,000 (U.S.). The promotional activity is expected to occur during the third quarter of 2023.

About Three Sixty Solar Ltd. (NEO: VSOL)

Three Sixty Solar is an innovative alternative energy design, manufacture and sales organization which focuses on solar equipment supply to the global marketplace. 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-per-cent 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 multitower 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.