Siren Gold's Capital Raising and Leadership Change Announcement

Siren Gold Limited (ASX: $SNG) has successfully completed a capital raising of approximately $2.2 million, with strong support from existing shareholders and new institutional investors. The company has also announced the appointment of highly experienced mining executive Victor Rajasoorian as the new Managing Director and Chief Executive Officer, effective from April 2024. The capital raised will be utilized to fund exploration activities at Auld Creek, Sams Creek, Langdons, and Big River North.

Executive Commentary on Capital Raising and Leadership Change

We would like to thank the overwhelming support from existing shareholders and welcome new shareholders to the register as part of this capital raising. I would like to extend my gratitude to both Morgans and Evolution for managing this raise. I look forward to the ongoing and continuing support for all parties as we work towards increasing our current resource base and advancing both the Sams Creek and Reefton / Auld Creek projects to successful Mining Permit application status. With the appointment of Mr Victor Rajasoorian to the Managing Directors role, I am very confident that Siren holds the requisite expertise to continue advancing the Company's projects to eventual Gold and Antimony production on the South Island of New Zealand, a Tier 7 country with a leading mining industry.

Summary of Siren Gold's Announcement

Siren Gold Limited (ASX: $SNG) has successfully raised approximately $2.2 million in a heavily oversubscribed capital raising, demonstrating strong support from both existing and new investors. The funds raised will be allocated towards exploration activities at Auld Creek, Sams Creek, Langdons, and Big River North, indicating the company's commitment to expanding its resource base. Additionally, the appointment of Victor Rajasoorian, a highly experienced mining executive, as the new Managing Director and Chief Executive Officer, reflects Siren Gold's strategic move to leverage expertise in advancing its projects towards eventual Gold and Antimony production in New Zealand. With the transition of Brian Rodan to the position of Non-Executive Chairman, Siren Gold is poised for a new phase of growth and development under the leadership of Mr. Rajasoorian.