Microbot Medical Announces $10 Million Registered Direct Offering of Common Stock Hingham, MA

Medical Announces $10 Million Registered Direct Offering of Common Stock

MA - June 5, 2017 - Microbot Medical Inc. (Nasdaq CM: MBOT), a medical device company specializing in the design and

development of transformational micro-robotic medical technologies, announced today that it has entered into a securities purchase

agreement with three institutional investors to purchase 3,750,000 shares of common stock for total gross proceeds of $10.125

million, before deducting placement agent fees and offering expenses. The offering is expected to close on or about June 8,

2017, subject to satisfaction of customary closing conditions.

Company expects to use the resources from the financing to expand and leverage the current ViRob and TipCAT technology platforms,

for potential strategic partnerships and acquisition of assets, products or entities, and for general corporate and working capital

Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), acted as the

lead placement agent and Chardan Capital Markets, LLC acted as the co-placement agent for this transaction.

shares are being offered by the Company pursuant to an effective "shelf" registration statement which was initially

filed with the Securities and Exchange Commission on March 31, 2017 and declared effective by the SEC on April 14, 2017. The securities

are being offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration

statement. Copies of the final prospectus supplement and accompanying base prospectus may be obtained, when available, can

be obtained at the SEC's website at www.sec.gov or from Ladenburg Thalmann & Co. Inc., Prospectus Department, 277

Park Avenue, 26th Floor, New York, NY 10172 or by email at prospectus@ladenburg.com.

press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any

sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification

under the securities laws of such state. Any offering of the securities under the resale registration statement will only be by

means of a prospectus.

Microbot Medical, Inc.

was founded in 2010 and became a NASDAQ listed company on November 28, 2016. The Company specializes in transformational micro-robotic

medical technologies leveraging the natural and artificial lumens within the human body. Microbot's current platforms, ViRob

and TipCAT, are comprised of two highly advanced micro-robotic technologies, from which the Company is currently developing its

first two product candidates: the Self Cleaning Shunt, or SCS, for the treatment of hydrocephalus and Normal Pressure Hydrocephalus,

or NPH; and a self-propelling, semi-disposable endoscope that is being developed initially for use in colonoscopy procedures.

Further information about Microbot Medical is available at http://www.microbotmedical.com.

ViRob technology is a revolutionary autonomous crawling micro-robot which can be controlled remotely or within the body. Its miniature

dimensions allow it to navigate and crawl in different spaces within the human body, including blood vessels, the digestive tract

and the respiratory system. Its unique structure gives it the ability to move in tight spaces and curved passages as well as the

ability to remain within the human body for prolonged time. To learn more about ViRob please visit http://www.microbotmedical.com/technology/virob/.

is a transformational self-propelled, flexible, and semi-disposable endoscope providing see & treat capabilities within tubular

lumens in the human body such as the colon, blood vessels, and the urinary tract. Its locomotion mechanism is perfectly suitable

to navigate and crawl through natural & artificial tubular lumens, applying the minimal necessary pressure to achieve the

adequate friction required for gentle, fast, and safe advancement within the human body. To learn more about TipCAT visit http://www.microbotmedical.com/technology/tipcat/.

pertaining to future financial and/or operating results, future growth in research, technology, clinical development, and potential

opportunities for Microbot Medical Inc. and its subsidiaries, along with other statements about the future expectations, beliefs,

goals, plans, or prospects expressed by management constitute forward-looking statements. Any statements that are not historical

fact (including, but not limited to statements that contain words such as "will," "believes," "plans,"

"anticipates," "expects" and "estimates") should also be considered to be forward-looking

statements. Forward-looking statements involve risks and uncertainties, including, without limitation, risks inherent in the development

and/or commercialization of potential products, uncertainty in the results of clinical trials or regulatory approvals, need and

ability to obtain future capital, and maintenance of intellectual property rights. Actual results may differ materially from the

results anticipated in these forward-looking statements and as such should be evaluated together with the many uncertainties that

affect the businesses of Microbot Medical Inc. particularly those mentioned in the cautionary statements found in Microbot Medical

Inc.'s filings with the Securities and Exchange Commission. Microbot Medical disclaims any intent or obligation to update

these forward-looking statements.

and Institutional Investors

Consulting Group llc