Three Sixty Solar Receives Positive Engineering and Economics Study for Inaugural Tower Installation

Company builds sales momentum as independent assessment shows value

VANCOUVER, British Columbia, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Three Sixty Solar Ltd. (NEO: VSOL) (OTC: VSOLF) (“Three Sixty,” “Three Sixty Solar,” or the “Company”), an innovative alternative energy design, manufacture, and sales organization focused on solar equipment supply to the global marketplace, is pleased to advise that a requisite solar tower engineering feasibility study (as noted in a July 24^th news release) commissioned for the Cattail Crossing Golf Club adjacent to Edmonton, Alberta has recently concluded. The results of the study have been delivered and are favourable and are anticipated to help pave the way towards a definitive sale and installation agreement at the state-of-the-art facility.

Key Points:

• Cattail Crossing Golf and Winter Club (“Cattail Crossing”) is located in Sturgeon County, directly adjacent to the northern boundary of Edmonton, the capital city of Alberta and home to over twenty golf related facilities.
• Cattail Crossing signed a non-binding letter of intent with Three Sixty Solar indicating intent to install a solar tower to generate power in support of facility operations.
• The feasibility study was undertaken by Silver Fox Management (“Silver Fox”), an independent 3^rd party arms-length development and feasibility engineering company focused on community scale energy projects.
• Silver Fox reported positive results for both technical and economic feasibility at the proposed location.
• Three Sixty Solar is now moving to engage additional contract vendors through competitive tenders for the primary tower components as the project shifts towards the procurement phase.
  

Three Sixty Solar’s CEO, Brian Roth states, “Led by Mr. Keegan Lang and his team of professionals, Silver Fox have provided assessment and feasibility, financial viability, and project design, planning, construction, operations and monitoring oversight services in California, Texas and Alberta. Their engineers and co-consultants have been diligent in evaluating our technology and in demonstrating its effectiveness both technically and economically at Cattail Crossing. I’m very pleased to have had them work through this process with us and I expect that we will continue to work closely with Keegan and his team on similar future projects.”