Mr. Brian Roth reports

THREE SIXTY SOLAR SIGNS LETTER OF INTENT FOR FIRST US TOWER SALE

Three Sixty Solar Ltd. has signed a non-binding letter of intent with Rocky Mountain Log and Timber (RMLT) to proceed with the sale and installation of a Three Sixty solar tower in Hamilton, Mont.

Key points:

• Three Sixty has signed an LOI with RMLT indicating its intent to install a solar tower at RMLT's headquarters in Hamilton;
• Power generated from the tower will be used to offset power requirements of RMLT's operations;
• Energy optimization study under way, with the goal to reach a binding purchase order by Nov. 30, 2023;
• Design includes installation of technology from Hook'd Broadband on the solar tower to provide broadband connectivity.

Three Sixty Solar's chief executive officer, Brian Roth, stated: "I'm thrilled to have signed the letter of intent to secure our first commercial sale in the United States with Rocky Mountain. Rocky Mountain are focused on providing premium homes, often in remote locations. I believe that our solar tower technology is an ideal solution to partner with many of the communities that they help build, and I'm excited for the opportunity to demonstrate the technology at their headquarters. I look forward to working with Jake and his team to deploy the tower in Hamilton and to then offer it co-operatively to their customers throughout the northwest."

Rocky Mountain Log and Timber is a builder of premium log homes based in Hamilton, Mont., and operating throughout the northwestern United States. The potential order is based off the results energy optimization study, which has already started. If the study is positive, a binding purchase order may be completed as soon as the end of November, 2023.

Rocky Mountain Log and Timber owner Jake Hayes adds: "We were looking for ways to add renewable energy to power our operations and to offer to our customers. I believe that the solar tower technology that Three Sixty has developed is a perfect fit for us to generate localized independent power. I'm also excited to include the Hook'd Broadband technology and be able to provide a connectivity solution to our clients on future projects. We are looking forward to working with Three Sixty and becoming an advocate for the solar tower solution."

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.

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