Siren Gold Limited Annual Report 2020

Your directors present their report on Siren Gold Limited ( Siren Gold or the Company ) and its subsidiaries ( the Group ) for the year ended 31 December 2020. i. Directors The names of Directors in office at any time during or since the end of the financial year are: – Brian Bernard Rodan Managing Director (appointed 12 June 2019) Executive Chairman (20 November 2020) – Dave Filov Non-executive Chairman (resigned 20 November 2020) – Don Harper Non-executive Director (resigned 18 June 2020) – Paul Angus Technical Director (appointed 10 May 2018) – Keith Murray Non-executive Director (appointed 26 March 2020) Directors have been in office since incorporation to the date of this report unless otherwise stated. For additional information on Directors, including details of the qualifications of Directors, please refer to the paragraph ‘Information relating to the directors’ of this Directors’ Report. ii. Company Secretary The following persons held the position of Company Secretary during the year ended 31 December 2020: – Sebastian Andre (Appointed 17 September 2019) Qualifications – BAcc/BA, GradDip Fin, FGIA Experience – Mr Andre is a Chartered Secretary with over 10 years of experience in corporate advisory, governance and risk services. He has previously acted as an adviser at the ASX and has a thorough understanding of the ASX Listing Rules, specialising in providing advice to companies and their boards in respect to capital raisings, IPOs, backdoor listings, corporate compliance and governance matters. Mr Andre holds qualifications in accounting, finance, and corporate governance and is a member of the Governance Institute of Australia. Dividends paid or recommended There were no dividends paid or recommended during the year ended 31 December 2020. Significant changes in the state of affairs There have been no significant changes in the state of affairs of the Company during the year to 31 December 2020 other than as disclosed elsewhere in this Annual Report. Operating and financial review Nature of Operations and Principal Activities The Company was incorporated as an unlisted public company limited by shares on 19 May 2017, for the purpose of acquiring, exploring and developing gold projects in New Zealand. During the financial year ended 31 December 2020, amongst other things, the company achieved the following: – Successfully completed mapping and soil geochemistry work in the Golden Point area contained within the Reefton South tenement. – Continued to make good progress and defined a number of high priority drill targets for high grade gold at both Alexander River and Big River – The Company successfully raised $12,000,000 during the financials year and listed on the Australian Securities Exchange on 7 October 2020. Directors’ Report for the year ended 31 December 2020 Siren Gold Limited 2