Kraig Biocraft Laboratories to Expand Corporate Board of Directors

Additional independent directors to help advance Kraig Labs’ business
model

ANN ARBOR, Mich.–(BUSINESS WIRE)–lt;a href="https://twitter.com/search?q=%24KBLB&src=ctag" target="_blank"gt;$KBLBlt;/agt; lt;a href="https://twitter.com/hashtag/KBLB?src=hash" target="_blank"gt;#KBLBlt;/agt;–Kraig Biocraft Laboratories, Inc. (OTCQB:KBLB) (“Company”), the leading
developer of spider silk based fibers, today announced that it has
initiated the process of identifying qualified corporate leaders, to
assist in the Company’s growth, as it plans to add two new independent
corporate board directors.

“With the successful delivery of our proprietary spider silk technology
to Prodigy Textiles, our Vietnamese subsidiary, we are now moving into
the production phase of our business plan. We believe that this is the
right moment to bring on additional expertise to support the Company’s
efforts to bring spider silk to the performance textile markets. The
addition of these new board members will assist our growth through this
exciting transition to commercialization and help keep our focus on
continuing to create shareholder value,” stated COO, Jon Rice.

Expanding the Board of Directors is an important advancement in Kraig
Labs’ business model and is an important milestone for the Company as it
contemplates uplisting to a larger exchange.

“We plan to conduct a careful search, to identify independent board
members who can contribute expertise and crucial market experience, as
we look to rapidly grow our capacity and expand our strategic market
channel partner networks,” said CEO and Founder, Kim Thompson.

To view the most recent news from Kraig Labs and/or to sign up for
Company alerts, please go to www.KraigLabs.com/news.

About Kraig Biocraft Laboratories, Inc.

Kraig Biocraft Laboratories, Inc. (www.KraigLabs.com),
a reporting biotechnology company, is the leading developer of
genetically engineered spider silk based fiber technologies.

The Company achieved a series of scientific breakthroughs in the area of
spider silk technology with implications for the global textile industry.

Cautionary Statement Regarding Forward Looking Information

Statements in this press release about the Company’s future and
expectations other than historical facts are “forward-looking
statements.” These statements are made on the basis of management’s
current views and assumptions. As a result, there can be no assurance
that management’s expectations will necessarily come to pass. These
forward-looking statements generally can be identified by phrases such
as “believes,” “plans,” “expects,” “anticipates,” “foresees,”
“estimated,” “hopes,” “if,” “develops,” “researching,” “research,”
“pilot,” “potential,” “could” or other words or phrases of similar
import. Forward looking statements include descriptions of the Company’s
business strategy, outlook, objectives, plans, intentions and goals. All
such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from
those in forward-looking statements. This press release does not
constitute an offer to sell or the solicitation of an offer to buy any
security.

Contacts

Ben Hansel, Hansel Capital, LLC
(720) 288-8495
[email protected]