Mr. Greg Reid reports

KRAKEN ANNOUNCES CHANGES TO BOARD OF DIRECTORS

Effective Nov. 20, Peter A. Hunter has been appointed to Kraken Robotics Inc.'s board of directors. Mr. Hunter replaces Larry Puddister, a long-time Kraken director who has resigned. Mr. Puddister has other active business interests and has resigned from his board position with the company to dedicate more attention to those interests.

Mr. Hunter is the founder, chairman and managing partner of Artemis Capital Partners LP, a Boston-based specialized private equity firm focused on differentiated industrial technology manufacturers. An attorney and a CPA, Mr. Hunter brings more than 30 years of experience as both an investor and operator. His areas of expertise include strategic growth, structuring of multistakeholder strategies (including mergers and acquisitions, joint ventures, and partnerships), corporate governance and organizational planning. Mr. Hunter also brings subsea technology expertise to Kraken's board, having served three years as the chairman of Hydroid LLC, an industry leader in unmanned underwater vehicles (UUVs) with its REMUS UUV brand. Mr. Hunter was chairman of Hydroid from its early days to its eventual acquisition by Kongsberg Maritime AS in 2008. Hydroid was subsequently acquired from Kongsberg in 2020 by Huntington Ingalls, the U.S. Navy's largest shipbuilder and UUV provider (now known as HII).

Commenting on the changes, Greg Reid, Kraken's president and chief executive officer and director, noted: "We are very pleased to welcome Peter to the board of directors. His strategic, governance, financial and operational experience and knowledge of the subsea industry will add significant value to Kraken. In addition, on behalf of management and the board, I would like to thank Larry for his input and guidance over the years and we all wish him the best in his future endeavours."

The company issued 400,000 stock options to Mr. Hunter in connection with his appointment to the board. These options have a five-year term, with vesting in three equal instalments on the date of grant and on the one- and two-year anniversaries of the date of grant. Each option is exercisable for one common share at an exercise price of 49.5 cents.

About Kraken Robotics Inc.

Kraken Robotics is a marine technology company providing complex subsea sensors, batteries and robotic systems. Its high-resolution 3-D acoustic imaging solutions and services enable clients to overcome the challenges in oceans -- safely, efficiently and sustainably. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. Kraken is ranked as a top 100 marine technology company by Marine Technology Reporter.

We seek Safe Harbor.