Siren Gold Limited Annual Report 2021

Directors’ Report Options Unissued shares under option At the date of this report, the unissued ordinary shares of the Company under option (listed and unlisted) are as follows: Grant Date Date of Expiry Exercise Price $ Number under Option 24 Dec 2018 15 Jan 2023 0.25 5,000,000 26 Aug 2020 26 Sep 2024 0.375 7,675,000 29 Sep 2020 26 Sep 2024 0.375 1,618,262 14,293,262 No person entitled to exercise the option has participated or has any right by virtue of the option to participate in any share issue of any other body corporate. For details of options issued to directors and executives as remuneration, refer to the remuneration report. Shares issued on exercise of options During the year ended 31 December 2021, the following ordinary shares were issued on the exercise of options granted. Grant Date Date of Expiry Exercise Price $ Number of Shares Issued 23 May 2018 30 Sep 2021 0.25 1,902,857 24 July 2018 30 Sep 2021 0.25 333,333 10 Jan 2019 11 Jan 2022 0.25 650,000 2,886,190 A further 650,000 shares have been issued since year-end on the conversion of unlisted options. 1,304,166 options expired since year-end without being exercised. No amounts are unpaid on any of the shares. Proceedings on behalf of the Company No person has applied for leave of Court to bring proceedings on behalf of the Group or intervene in any proceedings to which the Group is a party for the purpose of taking responsibility on behalf of the Group for all or any part of those proceedings. The Group was not a party to any such proceedings during the year. Auditor’s independence declaration The auditor’s independence declaration under section 307C of the Corporations Act 2001 (Cth) for the year ended 31 December 2021 has been received and can be found on page 27. This Report of the Directors is signed in accordance with a resolution of directors made pursuant to s.298(2) of the Corporations Act 2001 (Cth). BRIAN RODAN Managing Director Dated this 23 rd day of March 2022 for the year ended 31 December 2021 Annual Report 2021 25