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SIGMA LABS, INC. RAISES APPROXIMATELY 1.1 MILLION DOLLARS THROUGH RECENT PRIVATE PLACEMENT OFFERING

SIGMA LABS, INC. RAISES APPROXIMATELY 1.1 MILLION DOLLARS THROUGH RECENT PRIVATE PLACEMENT OFFERING

SANTA FE, NEW MEXICO - April 20, 2011 - Sigma Labs, Inc. (OTCBB: SGLB.OB) announced today that on April 15, 2011, the company closed a private placement offering of shares of its common stock, resulting in gross proceeds of approximately 1.1 million dollars.

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SIGMA LABS, INC. RAISES APPROXIMATELY 1.1 MILLION DOLLARS THROUGH RECENT PRIVATE PLACEMENT OFFERING

SANTA FE, NEW MEXICO - April 20, 2011 - Sigma Labs, Inc. (OTCBB: SGLB.OB) announced today that on April 15, 2011, the company closed a private placement offering of shares of its common stock, resulting in gross proceeds of approximately 1.1 million dollars.

Mark Cola, President of Sigma Labs, stated, “We are very pleased to successfully close this private placement offering which will provide us the capital required to pursue strategic business growth opportunities that will result in sustainable revenue potential for the company and its shareholders. These funds will assist us in hiring key personnel who will help expand and vigorously grow our product offerings, as well as enhance our market penetration.”

Richard Mah, CEO of Sigma Labs, added, “The company plans to use these proceeds for, among other things, further product development for In-Process Quality Assurance (IPQAÒ) and advanced manufacturing, as well as for new product development work in advanced reactive materials and munitions, materials technologies for dental implants, and for the purpose of solidifying some of our potential engineering contracts in the area of advanced manufacturing.”