Siren Gold Limited Annual Report 2020

Note 2020 $ 2019 $ Cash flows from operating activities Payments to suppliers and employees (1,077,091) (331,784) Interest received 2,352 190 Interest paid (2,091) – Net cash used in operating activities 6b (1,076,830) (331,594) Cash flows from Investing activities Payments for exploration and evaluation (1,312,930) (138,107) Payments for property, plant and equipment (170,474) – Payments for bank guarantees (112,518) – Net cash used in investing activities (1,595,922) (138,107) Cash flows from financing activities Proceeds from issue of shares 12,012,991 597,976 Transaction Costs (630,000) (16,940) Payments for buy-back or reductions of share capital (116,484) – Proceeds from borrowings 51,505 – Repayment of borrowings (1,532) – Net cash provided from financing activities 11,316,480 581,036 Net increase in cash held 8,643,728 111,335 Cash and cash equivalents at the beginning of the year 157,853 46,518 Cash and cash equivalents at the end of the year 6 8,801,581 157,853 The statement of cash flows is to be read in conjunction with the accompanying notes. Consolidated Statement of Cash Flows for the year ended 31 December 2020 Siren Gold Limited 32

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