Three Sixty Solar Adds Key Advisor

VANCOUVER, British Columbia, Oct. 25, 2022 (GLOBE NEWSWIRE) — Three Sixty Solar Ltd. (NEO: VSOL) (OTC: VSOLF) (“Three Sixty”, “Three Sixty Solar” or the “Company”), an innovative alternative energy design, manufacturing and sales organization focused on supplying Global Solar Market is pleased to announce the appointment of Mr. Andrew Sills to its Advisory Board.

Three Sixty Solar CEO Brian Roth said, “I am delighted to have Andrew join our advisory board. We believe his wealth of knowledge within the energy industry and his strategies for expanding our technology deployment will fit in as key drivers to ensure successful business growth. The inclusion of Andrew and his industrial network is a big step forward in creating value as we move forward with our strategic plan to implement a minimum of 500MW of installed power generation capacity over the course of of the next five years.

Mr. Sills is a respected and well-connected individual in the energy industry in Canada, the United States and internationally. He brings over 20 years of leadership experience in power engineering and has an in-depth knowledge of electrical systems integration that will be essential for the continued development and evolution of Three’s pioneering utility towers. SixtySolar. His extensive network offers the potential to develop strategic opportunities for Three Sixty to expand and propel his reach and help drive commercial deployment and company growth. As co-owner of energy industry participants, Black Powder Ltd. (https://blackpowderltd.com/) and Mojek Resources (https://mojekresources.com/), it brings an immediate pipeline of project opportunities that can mutually benefit both Three Sixty and its related business interests.

His career encompasses hands-on experience in the development, construction, maintenance, operation and remediation of green site and brownfield projects. He has demonstrated a strong ability to multi-task with many companies, projects and developments around the world. His proven communication, negotiation and problem-solving skills have repeatedly served as the communication liaison between countries, First Nations, board members, shareholders, public and corporate developments. He brings expertise specifically focused on performance design, economics, engineering, construction and commissioning of facilities. He insists on a collaborative approach to business development to ensure win/win results. He is very good at critical analysis and the ability to apply performance criteria to any proposal, design or operation and is proficient in risk assessments, operational assessments, quality assurance and quality control management. It further brings a commitment to health, safety and environmental compliance to the forefront of all business planning. Mr. Sills is a passionate entrepreneur, investment advisor and business development officer for products and services, who has built, owns and operates energy sector transfer companies and owner businesses. /industrial operators.

The consultancy agreement is for 12 months, with renewal options subject to agreement by both parties.

The Company further announces that it has granted a total of 350,000 common stock options (the “Options”) and 350,000 restricted stock units (“RSUs”) to certain directors, officers and consultants of the society. The options vest immediately and each option is exercisable by the holder for one common share at a price of $0.62 until October 25, 2024. Each RSU is subject to a vesting period of 75 days from the date of attribution. Options and RSUs cannot be exercised or converted into common shares until the Company’s stock option plan and restricted share unit plan have received the respective approvals of the shareholders of the Company.

On behalf of the Board of Directors,

Brian Roth

Brian Roth,
Chairman and Chief Executive Officer and Director
Three Sixty Solar Ltd.
www.threesixtysolar.com

About Three Sixty Solar Ltd. (NEO:VSOL) (OTC:VSOLF)

Three Sixty Solar Ltd. is an innovative alternative energy design, manufacturing and sales organization focused on providing solar equipment to the global market. The company’s primary product line is the patent-pending SVS Series commercial solar tower. According to Statistics MRC, the solar farm industry is expected to reach approximately $296 billion by 2028. Three Sixty Solar’s unique tower concept is a high-density clean energy solution that uses up to 90% less electricity. land space than conventional solar farms and can co-locate next to homes, retail, agriculture and industry, minimizing line losses and maximizing energy delivery in locations where Renewables have been difficult to install so far. In multi-tower applications, developers can use the spaces between towers to better leverage land assets through additional revenue-generating activities. Designed to withstand major extreme weather conditions, Three Sixty Solar offers a clean energy solution with minimal environmental and habitat impact. To learn more, visit: www.threesixtysolar.com and please look at our video. To stay informed, please Register to receive news alerts and follow us on instagram (@threesixtysolar.vsol), Twitter (@ThreeSixtySolar), and Facebook (@threesixtysolar.vsol).

Disclaimer Regarding Forward-Looking Information

This letter contains statements and information which, to the extent that they are not historical facts, may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information may include financial and other projections, as well as statements regarding future economic plans, objectives or performance, or assumptions underlying any of the foregoing. In some instances, forward-looking statements may be identified by words such as “may”, “would”, “could”, “will”, “likely”, “unless”, “anticipate”, “believe”, “have the ‘intention’, ‘plan’, ‘forecast’, ‘project’, ‘estimate’, ‘prospect’, or their negative form or other similar expressions relating to matters which are not historical facts. Examples of such statements include, but are not limited to, statements regarding the Company’s ability to install solar towers generating at least 500 MW of electricity over the next five years, consulting services that will be provided to the Company by Mr. Sills and the expected benefits to the Company.

Forward-looking information is based on management’s assumptions, estimates, analyzes and opinions made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances as of the date such statements are made, but which may prove to be incorrect. Important factors and assumptions used to develop the forward-looking information contained in this press release include, but are not limited to, key personnel and qualified employees who continue their involvement with the company; the Company’s ability to obtain additional financing on reasonable terms; the competitive conditions of the industry in which the Company operates; and the laws and their amendments applicable to the Company.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the information. forward-looking, including, without limitation, risks related to the Company’s future business plans; the risks that the Company may not be able to retain its key personnel; the risks that the Company may not be able to obtain financing on reasonable terms or at all, together with all other risks as described under the heading “Risk Factors” in the Company’s filing statement dated of August 3, 2022 filed under the Company’s profile at www.sedar.com. Accordingly, readers should not place undue reliance on such forward-looking information. Further, any forward-looking information speaks only as of the date such statement is made. New factors emerge from time to time, and it is not possible for the management of the Company to predict all of these factors and to assess in advance the impact of each of these factors on the Company’s business or the extent to which any factor, or combination of factors, could cause actual results to differ materially from those contained in the forward-looking information. The Company undertakes no obligation to update forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unforeseen events, except as required by law, including securities laws.

Neither Neo Exchange Inc. nor any securities regulatory authority has approved or disapproved of the contents of this press release.

CONTACT INFORMATION

Three Sixty Solar Ltd.
Investor Relations
E-mail: [email protected]
Phone: +1 (778) 383-6743

Sales and Inquiries
E-mail: [email protected]
Telephone: +1 (877) 684-1972

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