Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) ("Kraken" or the "Company"), is pleased to announce that the Toronto Venture Stock Exchange has recognized Kraken Robotics as a 2020 Top 50 Company. The TSX Venture 50 is a ranking of the strongest companies on TSX Venture Exchange by share price appreciation, trading volume amount, and market capitalization growth.

Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) ("Kraken" or the "Company"), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has signed a 8 year framework agreement with a leading international defense contractor. Under the agreement, Kraken's Acoustic Signal Processing Group in Toronto will provide development, maintenance, and training to the customer to enhance and modernize their sonar product. The customer name and additional contract details cannot be disclosed for confidentiality reasons.

Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) ("Kraken" or the "Company"), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has finalized the contract for the OceanVision(TM) project with the Ocean Supercluster and industry partners (Petroleum Research Newfoundland and Labrador, Ocean Choice International and Nunavut Fisheries Association). OceanVision(TM) is a three-year, $18.8 million project focused on the development of new marine technologies and products to enable an underwater robotics data acquisition and data analytics as a service business. Under the OceanVision(TM) project, Canada's Ocean Supercluster will provide an investment up to $6.3 million, with the balance of project funding to be provided by other government agencies, industry partners, and Kraken.