The Board of Directors of Hammer Fiber Optics Holdings Corp. took various actions with respect to the company's governance structure. The company is announcing that Stephen R. Mooney has been nominated to serve on the company's Board of Directors, effective January 11, 2017. Mr. Mooney has a diverse background in financial and operations management in the telecommunications industry and has served as an officer, as well as an independent Director, of other publicly-traded companies. Mr. Mooney has been appointed a member of the company's Audit Committee. The Board of Directors concluded to form a separate Audit Committee, a function previously performed by the Board of Directors. Mr. Dennis W. Doll, Director, has been appointed Chairman of the company's Audit Committee. The Committee is presently comprised of Mr. Doll and Mr. Mooney. Both Mr. Doll and Mr. Mooney are independent Directors. Mr. James Pomposello has relinquished his position as Secretary. Mr. Mark Stogdill, CEO and Director, has assumed the positon of Acting Secretary until such time as a replacement is named.