Siren Gold Limited Annual Report 2021

Directors’ Report Remuneration Report – Audited (continued) 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 ‘Options’ below. vii. Options and Rights Over Equity Instruments Granted as Compensation No options were issued to Directors of the Company during the financial year (2020: 5,250,000). viii. Option Holdings The movement during the reporting period in the number of options over ordinary shares in Siren Gold Limited held, directly, indirectly or beneficially, by each key management person, including their related entities, is as follows: Key Management Personnel Held at beginning of year Granted Purchased Exercised Lapsed or Expired Held at end of year Vested and exercisable at end of year Brian Rodan 6,119,524 - - 1,369,524 - 4,750,000 4,750,000 Paul Angus 3,500,000 - - - - 3,500,000 3,500,000 Keith Murray 750,000 - - - - 750,000 750,000 ix. Equity Holdings and Transactions No shares were granted to key management personnel during the year as compensation (2020: Nil). The movement during the reporting period in the number of ordinary shares in Siren Gold Limited held directly, indirectly or beneficially, by each key management person, including their related entities is as follows: Key Management Personnel Held at beginning of year Purchases Sales Exercise of Options Held at end of year Brian Rodan 17,015,881 1,293,265 - 1,369,524 19,678,670 Paul Angus 20,000 57,143 - - 77,143 Keith Murray 80,000 142,857 - - 222,857 x. Key Management Personnel Transactions The following table provides the total amount of transactions which have been entered into with related parties for the relevant financial year exclusive of GST: Transaction value year ended Balance outstanding as at Key Management Personnel Transaction 31 December 2021 $ 31 December 2020 $ 31 December 2021 $ 31 December 2020 $ Brian Rodan 1 Rent, administration and marketing services 215,551 100,138 14,900 40,000 Paul Angus Consulting services 316,640 212,755 21,565 25,270 1 – This includes both MCA Nominees Pty Ltd and 101 Consulting Pty Ltd, entities related to Mr Rodan. End of Remuneration Report for the year ended 31 December 2021 Siren Gold Limited 24