Siren Gold Limited Annual Report 2020

Remuneration Report – Audited (continued) v. Key Management Personnel Remuneration Details of the nature and amount of each major element of the remuneration of each director of the Company and other key management personnel of the Group are: Year Ended 31 December 2020 Primary Post- employment Equity Compensation Proportion of remuneration performance related Value of options and rights as proportion of Directors remuneration Directors Salary & Fees $ Consulting Fees $ Termination Payments $ Superannua- tion Benefits $ Options & Rights $ Total $ % % Executive Mr Brian Rodan 105,000 – – 9,975 118,800 233,775 50.82% 50.82% Non-Executive Mr Dave Filov 16,667 – – 1,583 39,600 57,850 68.45% 68.45% Mr Paul Angus 20,000 212,755 – – 79,200 311,955 25.39% 25.39% Mr Keith Murray 17,500 – – 1,662 39,600 58,762 67.39% 67.39% Total - Key Management Personnel 159,167 212,755 – 13,220 277,200 662,342 41.85% 41.85% No payments were made to key management personnel during the financial year ended 31 December 2020. vi. Value of Options to Executives The value of options will only be realised if and when the market price of the Company’s shares, as quoted on the Australian Securities Exchange, rises above the Exercise Price of the options. Further details of the options are contained in the section Share Options below. vii. Options and Rights Over Equity Instruments Granted as Compensation 5,250,000 unlisted options were issued to Directors of the Company during the financial year. The terms of these options and rights are noted in the table below. viii. Analysis of Options and Rights Over Equity Granted as Compensation Key Management Personnel Number of Options Granted Date Granted Expiry Date % Vested % Forfeited or Lapsed Brian Rodan 2,250,000 26/08/2020 26/09/2024 100 – Dave Filov 750,000 26/08/2020 26/09/2024 100 – Paul Angus 1,500,000 26/08/2020 26/09/2024 100 – Keith Murray 750,000 26/08/2020 26/09/2024 100 – Operations Review for the year ended 31 December 2020 Annual Report 2020 25