Mr. Alejandro Ochoa reports

TOWER ONE ANNOUNCES DELAY WITH ANNUAL FILINGS

The British Columbia Securities Commission has issued a cease trade order dated July 7, 2023, in connection with Tower One Wireless Corp. missing the June 30, 2023, filing deadline for its annual financial statements, accompanying management's discussion and analysis, and required certifications for the year ended Dec. 31, 2022. Tower One has experienced unexpected delays in compiling the information required to prepare the annual filings due to the company's expansion in Ecuador and Colombia.

As a consequence of the CTO, trading of the company's common shares on the Canadian Securities Exchange has been halted. The company is diligently working with its auditors and expects to complete the filing of the annual filings on or before July 31, 2023. After completing the filings, the company expects that the CTO will be revoked and the company will then co-ordinate with the exchange for a resumption of trading as expeditiously as possible.

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.