Cleveland BioLabs, Inc. (NASDAQ: CBLI) today announced that Board Chair Richard McGowan and Audit Committee Chair James Antal resigned from the company's Board of Directors, effective last Friday, July 8. Their resignations were predicated on the Board's decision not to renew its policy of directors' and officers' liability insurance as a cost-saving measure. CBLI will seek to fill these Board vacancies as soon as possible.

The Board of Directors would like to thank Richard McGowan and James Antal for their service to the company over the years.

About Cleveland BioLabs, Inc. 

Cleveland BioLabs, Inc. is an innovative biopharmaceutical company developing novel approaches to activate the immune system and address serious medical needs. The company's proprietary platform of Toll-like immune receptor activators has applications in radiation mitigation, oncology immunotherapy, and vaccines. The company's most advanced product candidate is entolimod, which is being developed for a biodefense indication and as an immunotherapy for oncology and other indications. The company conducts business in the United States and in the Russian Federation through a wholly-owned subsidiary, BioLab 612, LLC and a joint venture with Rusnano, Panacela Labs, Inc. The company maintains strategic relationships with the Cleveland Clinic and Roswell Park Cancer Institute. To learn more about Cleveland BioLabs, Inc., please visit the company's website at http://www.cbiolabs.com.