Niko Resources Ltd. announced that Mr. Robert S. Ellsworth will be resigning from his role as interim Chief Executive Officer and Director of the company, effective December 19, 2016. The company announced the appointment of Mr. William T. Hornaday as the Chief Executive Officer of the company, effective December 19, 2016. Mr. Hornaday has served on the company's Board of Directors since August 2007 and as the company's Chief Operating Officer since December 2004.

The company announced the appointment of Mr. Scott K. Brandt as Director of the company, effective December 19, 2016. Mr. Brandt was previously engaged as a consultant to the company from January 2014 through June 2015, providing advisory services relating to the company's strategic options and restructuring efforts. Prior thereto, Mr. Brandt was a Senior Consultant for ICF International.

Mr. Brandt will replace Mr. Ellsworth as a Director Nominee of the holder of the company's Series 1 preferred share on behalf of the lenders of the company's term loan facilities.