Mr. Alejandro Ochoa reports

TOWER ONE WIRELESS ANNOUNCES ELEVEN TOWERS COMPLETED - ADDITIONAL NON-CANCELLABLE RENT OF $ 1,200,000

Tower One Wireless Corp. has provided a construction update for the month of April, 2023.

During the month of April, the company completed 11 new towers: one tower in Ecuador and 10 towers in Colombia with a total of 59 towers under construction in these specific countries, as well. These towers are built to suit specific clients and will provide a total, non-cancellable rent revenue for 10 years of approximately $1.2-million. (This figure excludes co-location revenue upside and inflation escalator terms.)

Tower One continues to support the efforts to deploy efficient telecommunications networks which lead to more connected and serviced communities across Latin America. Deploying new infrastructure to provide mobile internet coverage has a direct effect in reducing the digital gap of users and communities ensuring inclusion and improving economic development.

A copy of the construction report for the month of April, 2023, can be found in the company's website.

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.

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