HAMMER FIBER OPTICS HOLDINGS CORP appointed new CEO

Item 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; APPOINTMENT OF CERTAIN OFFICERS

On September 17, 2021 the Board of Directors (the "Board") of Hammer Fiber Optics Holdings Corp. (the "Company") approved the appointment of Michael P. Cothill, who currently serves as Chairman of the Board, to the position of Chairman of the Board in the capacity of an executive of the Company ("Executive Chairman"). Mr. Cothill has held the position of Chairman of the Board since the Company's inception. He had also previously held the positions of Treasurer and Principal Financial Officer of the Company from inception until June 2020. Since June 2020 Mr. Cothill has led the Board in his role as Non-Executive Chairman. 

Mr. Cothill has extensive experience and in-depth knowledge of Multi-Media Next Generation network applications that are delivered over innovative wireless and fiber optic infrastructure and brings 30 years of hands on strategic and corporate management, technological innovation, and entrepreneurial guidance to the executive roll. Mr. Cothill served in several C-Level Executive capacities in the telecommunications industry and was responsible for the roll out of major terrestrial Fiber Optic cable networks throughout Africa including proprietary Wireless Fiber-Through-The-Air access networks which earned Mr. Cothill the prestigious Global Telecoms Business Innovations Award 2013 for "Solving the Broadband Access Challenge in Africa". Mr. Cothill has full confidence in the success of the Hammer group and remains a dedicated supporter in the positive creation of shareholder value.

As disclosed in a previous Current Report on Form 8-K the Company's CEO, Erik B. Levitt, resigned his position as CEO of the Company on September 14, 2021. Mr. Cothill will be reassuming the duties of an executive of the Company in order to provide leadership continuity in accordance with the Company's new initiatives in the financial technology services industry as previously reported in the Current Report on Form 8-K released June 28, 2021 and described further in Item 8.01. Mr. Levitt remains an active participant in the company and retains his seat on the Board of Directors.