Directors’ Report Auld Creek (Golden Point permit) (continued) Table 6. Significant Auld Creek trench results. Trench ID Mineralised Zone From To Interval (m) True Width (m) Au g/t Sb% AuEq g/t1 FTTR001 Fraternal 3.5 11.9 8.4 8.4 19.7 5.3 32.0 FTTR002 Fraternal 0.0 1.5 1.5 1.5 17.1 9.0 38.3 FTTR003 Fraternal 3.0 5.0 2.0 2.0 14.2 13.0 44.9 FTTR004 Fraternal North 1.3 6.8 5.5 5.5 4.45 0.26 5.1 FTTR005 Fraternal 1.0 9.8 8.8 8.5 2.82 0.26 3.4 FTTR006 Fraternal North 1.9 3.6 1.7 1.7 3.61 0.01 3.6 BZTR001 Bonanza 2.5 16.5 14.0 14.0 2.0 0.82 3.9 including 10.5 16.5 6.0 6.0 2.5 1.55 6.2 BZTR002 Bonanza 0.0 2.7 2.7 2.5 2.61 0.15 3.0 1 Based on gold equivalent formula of AuEq = Au g/t + 2.36 x Sb%. Diamond Drilling Between 1996 and 2013, OGL drilled 17 diamond holes for 2,016m, defining a mineralised zone of up to 13m true width. The Fraternal mineralisation was intersected in several holes, including RDD0087, which intercepted a true width of 12m@ 4.1g/t Au and 2.9% Sb for 11.0g/t AuEq from 63m. The highest grades in the deposit are generally associated with strong stibnite mineralisation. The deepest drillhole intersected gold mineralisation less than 100m below surface, and mineralisation remains open at depth and along strike. Significant intersections are shown in Table 7. Table 7. Significant Auld Creek drillhole intercepts. Hole ID Mineralised Zone From To Interval (m) TrueWidth (m)1 Au g/t Sb % AuEq g/t2 96DDAC001 Fraternal 51.9 53.1 1.2 0.6 1.0 7.90 19.6 96DDAC003 BonanzaWest 34.0 35.0 1.0 0.6 4.65 <0.01 4.7 RDD0081 Fraternal 45.0 51.0 6.0 3.0 1.73 1.96 6.4 Fraternal 57.0 67.0 11.0 6.0 2.24 0.11 2.5 RDD0081a Fraternal 57.0 67.0 10.0 5.5 1.71 0.06 1.9 RDD0085 Fraternal 30.0 64.0 34.0 20.5 1.61 0.70 3.3 Incl 30.0 37.0 7.0 4.5 3.02 3.20 10.6 Incl 43.0 51.0 8.0 5.2 2.62 0.17 3.0 Incl 59.0 64.0 5.0 3.4 1.58 0.03 1.7 RDD0086 Fraternal 90.0 96.0 6.0 3.0 4.14 4.10 13.8 RDD0087 Fraternal 63.0 98.0 35.0 12.0 4.11 2.90 11.0 Incl 63.0 81.0 18.0 5.5 5.74 4.80 17.1 RDD0088 Fraternal 125.0 127.0 2.0 1.4 1.28 2.90 8.1 1 True widths are based on a sectional interpretation of the Fraternal mineralised zone dipping steeply (~85o) to the west. This dip may vary as more data becomes available and the true widths may change. 2 Based on gold equivalent formula of AuEq = Au g/t + 2.36 x Sb%. for the year ended 31 December 2022 Siren Gold Limited 22
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