ST. JOHN’S, NEWFOUNDLAND – (March 17, 2015) – Kraken Sonar Inc. (TSX-V: PNG) (“the Company”) is pleased to announce that Roman Kocur has joined the Board of Directors, effective immediately.  Roman is a senior executive with FirstService Residential, a wholly owned subsidiary of FirstService Corporation. Since 2003, Roman has served in a variety of senior executive roles at FirstService Corporation in strategy, corporate development, M&A and operations.  Prior to 2003, Roman spent five years at Geac Computer Corporation Limited, formerly one of the largest technology companies in Canada.  Roman is a Chartered Accountant, and will chair Kraken’s Audit Committee.

Kraken now has five directors, four of which are non-executive.  Karl Kenny, President and CEO of the Company, commented “Roman’s appointment is valuable to us, both for his financial and M&A expertise, and for his years of experience with successful growth companies.  We stand to benefit from his leadership of the Audit Committee, a key function in our current environment of increasing sales and cash flow generation.”

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, high resolution imagery 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.

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