Siren Gold Limited Annual Report 2021

Note Issued Capital $ Share– based Payment Reserve $ Foreign Currency Translation Reserve $ Accumulated Losses $ Total $ Balance at 1 January 2020 1,444,701 202,816 2,045 (1,324,415) 325,147 Loss for the year – – – (1,422,251) (1,422,251) Other comprehensive income for the year – – (37,931) – (37,931) Total comprehensive income for the year – – (37,931) (1,422,251) (1,460,182) Transactions with owners, directly in equity – – – – – Payments for buy-back or reductions of share capital (116,484) – – – (116,484) Shares issued 11 12,011,905 – – – 12,011,905 Transaction costs (900,250) – – – (900,250) Options issued during the year 1,086 675,490 – – 676,576 Balance at 31 December 2020 12,440,958 878,306 (35,886) (2,746,666) 10,536,712 Balance at 1 January 2021 12,440,958 878,306 (35,886) (2,746,666) 10,536,712 Loss for the year – – – (1,319,748) (1,319,748) Other comprehensive income for the year – – (102,153) – (102,153) Total comprehensive income for the year – – (102,153) (1,319,748) (1,421,901) Transactions with owners, directly in equity – – – – – Shares issued 11 4,721,547 – – – 4,721,547 Transaction costs (189,000) – – – (189,000) Balance at 31 December 2021 16,973,505 878,306 (138,039) (4,066,414) 13,647,358 The consolidated statement of changes in equity is to be read in conjunction with the accompanying notes. Consolidated Statement of Changes in Equity for the year ended 31 December 2021 Siren Gold Limited 30