Siren Gold Limited Annual Report 2020

Diamond Drilling Diamond drilling commenced at the Alexander River Project in September 2020 with 22 holes completed for a total of 1,789m to mid February 2021 (Table 1). Results have been received for fifteen holes drilled from seven pads (Table 2). The drilling at Alexander River to date has tested the near surface (25-75m) mineralisation aimed at confirming the trench results and the thickness and orientation of the mineralised zone along the 1.2km strike length. Around half of the 1.2km strike length has been drilled to date by Siren Gold and has generally intersected relatively thick mineralisation confirming trench results with high grade mineralisation intersected adjacent to the historically mined McVicar Shoot; 8.5m @ 11g/t Au in AXDDH012 and 6.9m @ 7.3g/t Au in AXDDH010 and lower grade mineralisation between the shoots; 4.7m @ 2.9g/t Au in AXDDH008, 8m @ 2.6g/t Au in AXXDDH016 and 8m @ 2.9g/t Au in AXDDH018 (Figures 2-5). The Department of Conservation (DoC) has approved an additional 34 drill pads at Alexander River. This will allow the 1.2km strike length of the Alexander reef to be drilled on nominal 50m centres down to 500m vertically when required (Figure 3). The Company has budgeted to drill 5,000m of diamond core at Alexander River in 2021. Current drilling is focussing on the Loftus-McKay reef from Pads where the channel sampling was completed (Figure 2). Once this is completed the larger diamond rig currently drilling at Big River will be moved to Alexander River to target the mineralised shoots at deeper levels (Figure 6). Table 1. Alexander River drilling data. Hole Number Hole ID Pad Easting Northing Dip Azimuth Total Depth 1 AXDDH008 8 1513206 5312727 -60/320 93.0 2 AXDDH009 8 1513206 5312727 -82/320 110.0 3 AXDDH010 5 1512936 5312598 -60/320 61.0 4 AXDDH011 5 1512936 5312598 -85/320 70.3 5 AXDDH012 5 1512936 5312598 -50/320 35.5 6 AXDDH013 6 1512989 5312639 -60/320 53.8 7 AXDDH014 6 1512989 5312639 -85/320 84.6 8 AXDDH015 6 1512989 5312639 -75/320 86.0 9 AXDDH016 4 1512861 5312540 -65/290 76.5 10 AXDDH017 4 1512861 5312540 -90/290 122.5 11 AXDDH018 3 1512737 5312498 -90/300 69.6 12 AXDDH019 3 1512737 5312498 -60/300 47.1 13 AXDDH020 1 1512692 5312438 -60/300 64.2 14 AXDDH021 1 1512692 5312438 -82/300 85.6 15 AXDDH022 7 1513130 5312673 -60/320 74.2 16 AXDDH023 7 1513130 5312673 -75/320 10.0 17 AXDDH024 9 1513270 5312764 -90/155 45.3 18 AXDDH025 9 1513270 5312764 -60/155 70.3 19 AXDDH026 10 1513331 5312814 -90/000 51.2 20 AXDDH027 12 1513385 5312992 -65/110 89.4 21 AXDDH028 12 1513385 5312992 -85/110 117.6 22 AXDDH029 12 1513385 5312992 -90/110 160.0 Project Total 1,789.4 Operations Review for the year ended 31 December 2020 Annual Report 2020 5