Mr. Alejandro Ochoa reports

TOWER ONE ANNOUNCES GRANT OF MANAGEMENT CEASE TRADE ORDER

Tower One Wireless Corp. has not been able to file its annual financial statements, management's discussion and analysis, and the required certifications on or before the prescribed filing deadline of May 1, 2023, as required by National Instrument 51-102, Continuous Disclosure Obligations, and NI 52-109, Certification of Disclosure in Issuer's Annual and Interim Filings, respectively. The company has been granted by the British Columbia Securities Commission a temporary management cease trade order (MCTO) under National Policy 12-203, Management Cease Trade Orders, which will prohibit trading in securities of the company by certain insiders of the company, whether direct or indirect. The company has been granted the MCTO as it is unable to file it annual filings within the deadline as required under NI 51-102.

The company has experienced unexpected delays in compiling the information required to prepare the annual filings due to schedule conflicts and resources.

The company anticipates that it will be a position to file the annual filings on or before June 30, 2023. The MCTO will be in effect until the annual filings are filed. The company confirms that it will comply with the alternative information guidelines included in NP 12-203 so long as the annual filings are outstanding.

About Tower One Wireless Corp.

Tower One's principal business is to build, own and operate multitenant wireless telecommunications infrastructure (towers) in Latin America. Tower One leases space on its towers to mobile network operators. The company is focused on the build to suit tower industry whereby a long-term lease is secured with a tenant prior to building a tower. The company operates in the three largest Spanish-speaking countries in Latin America (Colombia, Mexico and Ecuador) with a combined population of approximately 220 million people.

We seek Safe Harbor.