An anonymous director reports

TOWER ONE WIRELESS CONSTRUCTION UPDATE

Tower One Wireless Corp. has augmented its portfolio with additional towers, bringing the total to 459 towers. These towers generate a non-cancelable rental income of at least $6.4 million on an annualized basis. Tower One is pleased to provide a construction update for the month of September 2023.

TOWER ONE CONSTRUCTION UPDATE FOR THE MONTH OF SEPTEMBER 2023

During the month of September, the Company completed eighteen (18) new towers: thirteen (13) towers in Colombia, Three (3) towers in Ecuador and Two (2) towers in Mexico , with a total of ninety-two (92) towers under construction in these specific countries, as well. These eighteen (18) towers are built to suit specific clients and will provide a total, non-cancellable rent revenue for 10 years of approximately $ 3,007,643 (*This figure excludes colocation 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 September 2023 can be found in the Company's web site or following this Link.

On behalf of the Board of Directors

Tower One Wireless Inc. Additional Contact Information:

Corporate Communications

Tel: +1 917-546-3016

E-mail: info@toweronewireless.com

Website: www.toweronewireless.com

About Tower One

Tower One's principal business is to build, own and operate multi-tenant wireless telecommunications infrastructure ("towers") 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 459 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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