Mr. Brian Roth reports

THREE SIXTY SOLAR RECEIVES POSITIVE ENGINEERING AND ECONOMICS STUDY FOR INAUGURAL TOWER INSTALLATION

Three Sixty Solar Ltd. has provided an update on a requisite solar tower engineering feasibility study (as noted in a July 24, 2023, news release) commissioned for the Cattail Crossing Golf Club adjacent to Edmonton, Alta., which has recently concluded. The results of the study have been delivered and are favourable and are anticipated to help pave the way towards a definitive sale and installation agreement at the state-of-the-art facility.

Key Points:

Cattail Crossing Golf and Winter Club ("Cattail Crossing") is located in Sturgeon County, directly adjacent to the northern boundary of Edmonton, the capital city of Alberta and home to over twenty golf related facilities.

Cattail Crossing signed a non-binding letter of intent with Three Sixty Solar indicating intent to install a solar tower to generate power in support of facility operations.

The feasibility study was undertaken by Silver Fox Management ("Silver Fox"), an independent 3rd party arms-length development and feasibility engineering company focused on community scale energy projects.

Silver Fox reported positive results for both technical and economic feasibility at the proposed location.

Three Sixty Solar is now moving to engage additional contract vendors through competitive tenders for the primary tower components as the project shifts towards the procurement phase.

Three Sixty Solar's CEO, Brian Roth states, "Led by Mr. Keegan Lang and his team of professionals, Silver Fox have provided assessment and feasibility, financial viability, and project design, planning, construction, operations and monitoring oversight services in California, Texas and Alberta. Their engineers and co-consultants have been diligent in evaluating our technology and in demonstrating its effectiveness both technically and economically at Cattail Crossing. I'm very pleased to have had them work through this process with us and I expect that we will continue to work closely with Keegan and his team on similar future projects."

Cattail Crossing Owner, Mark Beck, adds, "We are very excited about the positive results from the feasibility study. It demonstrates that the reality of the solar tower approach aligns with our original discussions and expectations. We are looking forward to seeing the updated economics after the tender results are complete, and plan to move ahead with the project as quickly as we can. With the additional information that we've learned in the feasibility study, we continue to actively advocate for Three Sixty Solar's innovative tower solution to our friends throughout the golf community."

"Todays announcement is another milestone achievement," adds Three Sixty's CEO Roth. "Industrial projects by their very nature can take some time to work through the various processes involved, so having two new projects arrive within weeks of each other (see August 1st news release), shows that we are beginning to build momentum, and our sales pipeline continues to strengthen for the latter half of the year and beyond. Operationally, I look forward to moving ahead with the Cattail project and in completing the competitive tender for the primary components so that we can begin to build the first solar tower in Sturgeon County, which will in itself help generate and close future business for our growing venture."

About Three Sixty Solar Ltd. (NEO: VSOL) (OTC: VSOLF)

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. To find our more, visit: www.threesixtysolar.com and please watch our video. To stay informed, please sign up to receive news alerts.

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