Kraken Announces Research Coverage

ST. JOHN'S, NL -- (Marketwired) -- 06/16/15 -- Kraken Sonar Inc. (TSX VENTURE: PNG) is pleased to announce that Turtle Street Capital, an independent equity research provider, has initiated research coverage on Kraken Sonar Inc.

To access the report and information on Turtle Street Capital please visit the Company's website at turtlestreetcapital.com.

ABOUT TURTLE STREET CAPITAL

Turtle Street Capital publishes both issuer-sponsored research as well as non-sponsored reports.

The benefit to our clients and investors is an increase in research coverage. Our reports are designed to improve understanding of the industry, business, and valuation characteristics of the securities we cover. No part of Turtle Street Capital's compensation was, is or will be directly, or indirectly, related to the specific recommendations or views contained in the research reports.

Turtle Street Capital is not a registered investment advisor and its research is for information only and does not offer securities or solicit the offer of securities of any company. Information contained herein, while believed to be correct, is not guaranteed as accurate. Opinions are those of the analysts and are subject to change without notice.

ABOUT KRAKEN SONAR INC.

Kraken Sonar Inc. (TSX VENTURE: PNG) is an industrial technology company, founded in 2012, that is dedicated to the production and sale of software-centric Synthetic Aperture Sonar (SAS) technology. The Company's products have been sold to leading defence contractors, commercial companies and research institutions for producing real-time, ultra high resolution imagery and bathymetry of the seabed. Marine Technology Reporter has twice named Kraken to their MTR100 - a list of the 100 most influential companies in the international marine technology marketplace. For more information, please visit www.krakensonar.com.

Additional information concerning the Company, including its financial statements and Management's Discussion and Analysis ("MD&A") can be found at www.sedar.com. Neither the TSX Venture Exchange Inc. nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

   Contact Persons:Glenda Leyte, Manager  Email ID: [email protected]   Phone: (709) 757-5757 Greg Reid, CFOEmail ID: [email protected]: (709) 757-5757Address: 113 Terminal Road, Conception Bay South, NL A1C 1B4

Source: Kraken Sonar Systems Inc.

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