On November 5, 2014, Siga Resources, Inc. announced that following the resignation of Bob Hogarth from all of his positions with the company, the Board of Directors and the majority of the shareholders of the company by written consent resolution appointed Christopher P. Vallos as Director, President Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary. Mr. Hogarth's resignation was not due to any disagreement with the Company on any matter relating to its operations, policies or practices. Mr. Vallos has experience in private equity financings and the sell-side and buy-side of M&A advisory engagements, as well as specialty financings.

From 2010 to 2014, Mr. Vallos was Director of Finance/Marketing at NYC Marketing. From 2007 to 2010, Mr. Vallos was Product Manager at Steris Corporation. Mr. Vallos will serve as Director and officer until his duly elected successor is appointed or he resigns.