Mr. Brian Roth reports

THREE SIXTY SOLAR SIGNS LETTER OF INTENT FOR FIRST TOWER SALE

Three Sixty Solar Ltd. has signed a non-binding letter of intent with Cattail Crossing Golf and Winter Club to proceed with the sale and installation of a Three Sixty Solar tower in Sturgeon county, Alberta.

Key points:

• Cattail Crossing Golf and Winter Club is a golf and winter club on the north side of Edmonton, Alta. Cattail Crossing has signed a non-binding letter of intent with Three Sixty indicating its intent to install a Three Sixty solar tower on the golf club property to generate power to be used in operation of the golf course and clubhouse.
• The LOI indicates that the parties plan to begin a feasibility study as quickly as possible with the goal to reach a binding purchase order by Aug. 31, 2023.
• The LOI also indicates Cattail Crossing's intent to install technology from Hook'd Broadband on the solar tower to provide broadband connectivity throughout the property.

Three Sixty Solar chief executive officer Brian Roth stated: "I'm thrilled to have signed the letter of intent to secure a tower project at Cattail Crossing. I believe that our solar tower technology is an ideal solution for a golf and winter club to provide power for operations without sacrificing the land they need for the course and clubhouse. I am also excited for the opportunity to include our partners at Hook'd Broadband in the project, adding incremental value to the stakeholders at Cattail."

Cattail Crossing owner Mark Beck added: "We were looking for ways to add renewable energy to power our operations but couldn't find anything suitable on the land and building that we have. The solar towers offered by Three Sixty are such a unique approach that we can easily make it fit and generate power for our irrigation systems, cart charging and more. We are looking forward to working with Three Sixty and becoming an advocate for the solar tower solution to our friends in the golf community."

About Three Sixty Solar Ltd.

Three Sixty Solar is an all-Canadian enterprise that 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 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.