Kraig Biocraft Laboratories to Unveil a New, Disruptive Spider Silk Breakthrough

Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) ("the Company"), the leading developer of spider silk based fibers, announces that it will unveil a new, disruptive spider silk science breakthrough at an online press conference hosted by the Company.

The live webcast will take place on April 16 at 4:30 p.m. Eastern Time and all members of the media, stakeholders and interested parties will be able to view the online broadcast on the Company web site at www.kblbinvestors.com by navigating to "Webcasts".

Media members who are interested in attending the online unveiling, or scheduling an interview with the Kraig Labs management team, are invited to contact [email protected].

"We look forward to unveiling this significant achievement of our research and development team and we are very excited to share our having reached a major milestone and longstanding goal of our R&D operation. We believe that we can leverage this new technology for future scientific and business developments," said CEO and Founder, Kim Thompson.

The webcast will be accessible on most operating systems and browsers. A webcast replay will be available, following the event, within the Investor Relations section of the Company's web site. The press conference was delayed due to coronavirus and will now take place on April 16.

The Company will publish a follow up release, just prior to the webcast, that will contain viewing details and interested parties are invited to sign up at www.kblbinvestors.com to receive an event reminder with viewing instructions.

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 has 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.