Tower One Wireless Corp. provided a construction update for the month of February 2022. During the month of February, the Company was able to complete eight new towers and has a total of forty-four towers under construction in Colombia and Mexico.

These towers are built to suit for specific clients and will provide a total, non-cancellable rent for 10 years for over $1,200,000. These Towers have a value of over $2,200,000. Tower One began the year with 204 towers in operation and as of February 28th the company now owns and operates 222 towers, given the current construction schedule the company expects to have approximately 450 towers in operation by year end.