Margaret Lake Diamonds Inc. announced that Mr. Yari Nieken has been named as Chief Executive Officer. Neil Foran, who has been acting as president and chief executive officer will continue as a member of the board of directors. Mr. Nieken has a wide range of public company and capital market experience, and is Founder and President of Foremost Capital Inc. an Exempt Market Dealer in British Columbia.

He is currently a director of Veritas Pharma Inc. as well as the CFO and Director of Leis Industries Ltd. and has served on the boards of several public and private issuers including PUF Ventures (President &CEO), Lexagene Holdings Inc. (Director), and Duport Capital Ltd. (Director).