Mr. Alejandro Ochoa reports

TOWER ONE WIRELESS ANNOUNCES FOUR TOWERS COMPLETED -- ADDITIONAL NON-CANCELLABLE RENT OF $900,000

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

During the month of May, the company completed four new towers: one tower in Ecuador and three towers in Colombia, with a total of 65 towers under construction in these specific countries, as well. These towers are built to suit specific clients and will provide total non-cancellable rent revenue for 10 years of approximately $900,000 (excluding co-location revenue upside and inflation escalator terms).

Tower One continues to support the efforts to deploy efficient telecommunication networks that 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 May, 2023, can be found on the company's website.

About Tower One Wireless Corp.

Tower One's principal business is to build, own and operate multitenant wireless telecommunication infrastructure in Latin America. Tower One leases space on its towers to mobile network operators. The company is focused on the building to suit the tower industry, whereby a long-term lease is secured with a tenant prior to building a tower. The company owns and operates 397 towers in some of the largest Spanish-speaking countries in Latin America (Colombia, Ecuador and Mexico), with a combined population of approximately 190 million people.

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