UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                             FORM 10-K AMENDMENT #1

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES ACT OF 1934

                    For the fiscal year ended July 31, 2010

[ ] TRANSACTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

         For the transaction period from August 1, 2009 to July 31, 2010

                       Commission File Number: 333-145879

                              SIGA RESOURCES, INC.
               (Exact name of registrant as specified in charter)

             Nevada                                              74-3207964
  (State or other jurisdiction                                (I.R.S. Employee
of incorporation or organization)                                 I.D. No.)

         1002 Ermine Court
        South Lake Tahoe, CA                                       96150
(Address of principal executive offices)                        (Zip Code)

                                 (530) 577-4141
                        (Registrant's telephone number)

           Securities registered pursuant to Section 12(b) of the Act:

Title of each share                    Name of each exchange on which registered
-------------------                    -----------------------------------------
      None                                                None

          Securities registered pursuant to Section 12 (g) of the Act:

                                 Title of Class
                                 --------------
                                      None

Indicate by check mark if the  registrant is a well-known  seasoned  issuer,  as
defined by Rule 405 of the Securities Act [ ] Yes [X] No

Indicate  by  check  mark if the  registrant  is not  required  to file  reports
pursuant to Section 13 or Section 15 (d) of the Act. [X] Yes [ ] No

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the past 12 months (or for such shorter  period that the registrant was required
to file such reports),  and (2) has been subject to such filing requirements for
the past 90 days. [X] Yes [ ] No

Indicate by check mark whether the registrant has submitted  electronically  and
posted on its corporate Website, if any, every Interactive Data File required to
be submitted and posted  pursuant to Rule 405 of Regulation  S-T  (ss.229.405 of
this chapter)  during the  preceding 12 months (or for such shorter  period that
the registrant was required to submit and post such files). [ ] Yes [ ] No

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation S-K (ss.229.405 of this chapter) is not contained herein, and will
not be contained,  to the best of registrant's  knowledge,  in definitive  proxy
information  statements  incorporated by reference in Part III of this Form 10-K
or any amendments to this Form 10-K [ ]

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated filer, a non-accelerated  filer, or a small reporting  company.  See
definition  of  "large  accelerated  filer",   "accelerated  filer"  and  "small
reporting company" Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]                          Accelerated filer [ ]
Non-accelerated filer [ ]                            Small reporting company [X]
(Do not check if a small reporting company)

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act) Yes [ ] No [X]

State the aggregate market value of the voting and non-voting common equity held
by non-affiliates  computed by reference to the price at which the common equity
was last sold, or the average bid and asked price of such common  equity,  as of
the last business day of the  registrant's  most recent  completed second fiscal
quarter.

                   (APPLICABLE ONLY TO CORPORATE REGISTRANTS)

Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the latest practicable date:

October 25, 2010: 43,785,000 common shares

                       DOCUMENTS INCORPORATED BY REFERENCE

Listed  hereunder the following  documents if  incorporated by reference and the
Part of the Form 10-K (e.g.,  Part I, Part II,  etc.) into which the document is
incorporated:  (1) Any  annual  report  to  security  holders;  (2) Any proxy or
information statement;  (3) Any prospectus filed pursuant to Rule 424 (b) or (c)
under the  Securities  Act of 1933.  The  listed  documents  should  be  clearly
described for identification purposes.
<PAGE>
                                    CONTENTS

PART 1........................................................................ 3

     ITEM 1.  BUSINESS........................................................ 3

     ITEM 1A. RISK FACTORS.................................................... 4

     ITEM 1B. UNRESOLVED STAFF COMMENTS....................................... 7

     ITEM 2.  PROPERTIES...................................................... 7

     ITEM 3.  LEGAL PROCEEDINGS...............................................15

     ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS...........15

PART II.......................................................................16

     ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER
              MATTERS AND ISSUER PURCHASE OF EQUITY SECURITIES................16

     ITEM 6.  SELECTED FINANCIAL INFORMATION..................................16

     ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS
              AND RESULTS OF OPERATIONS.......................................17

     ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK.......22

     ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.....................23

     ITEM 9.  CHANGES IN AND DISAGREEMENT WITH ACCOUNTANTS ON ACCOUNTING
              AND FINANCIAL DISCLOSURE........................................23

     ITEM 9A. CONTROLS AND PROCEDURES.........................................23

     ITEM 9A(T). CONTROLS AND PROCEDURES......................................24

     ITEM 9B. OTHER INFORMATION...............................................25

PART 111......................................................................25

     ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE..........25

     ITEM 11. EXECUTIVE COMPENSATION..........................................27

     ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
              AND RELATED STOCKHOLDER MATTERS.................................29

     ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
              INDEPENDENCE....................................................31

     ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES..........................32

     ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.........................33

     SIGNATURES...............................................................34

                                       2
<PAGE>
                                     PART 1

ITEM 1. BUSINESS

HISTORY AND ORGANIZATION

Siga  Resources,  Inc.("Siga",  the "company" or "we") was  incorporated  in the
State of Nevada on January 18, 2007,  and  established a fiscal year end of July
31.  We do not have any  subsidiaries,  affiliated  companies  or joint  venture
partners.

We are a start-up,  pre-exploration stage company engaged in the search for gold
and  related  minerals  and have not  generated  any  operating  revenues  since
inception.  We have one claim call the Valolo Claim  located in Fiji. On October
14,  2010 we  announced  an  earn-in  arrangement  on a claim in  Hope,  British
Columbia.  We have incurred losses since inception and we must raise  additional
capital to fund our  operations.  There is no assurance we will be able to raise
this capital.

There is no assurance that a commercially  viable  mineral  deposit,  a reserve,
exists  at our  mineral  claim or can be shown to  exist  until  sufficient  and
appropriate  exploration  is done and a  comprehensive  evaluation  of such work
concludes  economic  and legal  feasibility.  Such work could take many years of
exploration  and  would  require  expenditure  of very  substantial  amounts  of
capital, capital we do not currently have and may never be able to raise.

Our initial  holding is a 100%  interest in the Valolo Gold Claim located in the
Republic  of Fiji.  Siga  acquired  the Valolo  Claim for the sum of $5,000.  On
October 14, 2010, we entered into an earn-in agreement with Touchstone  Ventures
Inc.,  a  British  Columbia  Company,  whereby  it can earn an 80%  interest  in
Touchstone Ventures Inc.'s wholly owned subsidiary company,  Touchstone Precious
Metals Inc., a British Columbia Company ("Touchstone"), by investing ten million
Canadian  dollars  (CAD$10,000,000)  for acquisition and development  costs. The
initial  investment  is for three  hundred and five  thousand  Canadian  dollars
(CAD$305,000)  to  determine  and expand the known  resource  and provide  other
information  requisite  to  completing  the  projects'  production  design.  Our
investment is hereinafter referred to as the Lucky Thirteen Claim.

As of the date of this Form 10K, we have not conducted any  exploration  work on
the Valolo Claim. We do not have funds  sufficient to complete only Phase 1 of a
two-phase  exploration  program recommended for the Valolo Claim. It is our plan
to complete Phase I by no later than the late spring of 2011.

We have no full time employees and our management  devotes a small percentage of
their time to the affairs of our Company.

Our administrative office is located at 1002 Ermine Court, South Lake Tahoe, CA.
Our telephone number is 530 577-4141.

Presently our outstanding  share capital is 43,785,000 common shares. We have no
other type of shares either authorized or issued.

Our auditors have expressed substantial doubt about our ability to continue as a
going concern in their audit report attached to the financial  statements  dated
July 31,  2010.  We have no cash as at July 31,  2010  and have  liabilities  of
$58,195. Since our inception we have incurred accumulated losses of $140,544. We
anticipate  minimum  operating  expenses for the next twelve  months of $452,970
(refer to page 20).  It is  extremely  unlikely  we will earn any  revenue for a
minimum of 5 years. We do not have any employees either full or part time.

Siga is responsible  for filing various forms with the United States  Securities
and Exchange Commission (the "SEC") such as Form 10-K and Form 10-Qs.

                                       3
<PAGE>
The  shareholders  may read and copy any material  filed by Siga with the SEC at
the SEC's Public Reference Room at 100 F Street,  N.E.,  Washington,  DC, 20549.
The  shareholders  may  obtain  information  on the  operations  of  the  Public
Reference  Room by calling the SEC at  1-800-SEC-0330  1-800-SEC-0330  . The SEC
maintains  an  Internet  site  that  contains  reports,  proxy  and  information
statements,  and other information which Siga has filed  electronically with the
SEC by assessing the website using the following address:  http://www.sec.gov  .
Siga has no website at this time.

PLANNED BUSINESS

The following  discussion  should be read in  conjunction  with the  information
contained  in the  financial  statements  of Siga and the notes,  which forms an
integral part of the financial statements, which are attached hereto.

The financial  statements  mentioned above have been prepared in conformity with
accounting principles generally accepted in the United States of America and are
stated in United States dollars.

This Form 10-K also contains  forward-looking  statements that involve risks and
uncertainties.  If any of the events or circumstances described in the following
risks  actually  occurs,  our  business,  financial  condition,  or  results  of
operations  could be materially  adversely  affected and the price of our common
stock could decline on the OTC Bulletin Board (the "OTCBB").

ITEM 1A. RISK FACTORS

RISKS ASSOCIATED WITH OUR COMPANY:

1.   BECAUSE OUR AUDITORS  HAVE ISSUED A GOING  CONCERN  OPINION AND BECAUSE OUR
     OFFICERS AND DIRECTORS WILL NOT LOAN ANY MONEY TO US, WE MAY NOT BE ABLE TO
     ACHIEVE  OUR  OBJECTIVES  AND MAY  HAVE TO  SUSPEND  OR  CEASE  EXPLORATION
     ACTIVITY.

Our auditors' report on our 2010 financial  statements expressed an opinion that
substantial  doubt exists as to whether we can  continue as an ongoing  business
for the next twelve months.  Because our officers and directors are unwilling to
commit to loan or  advance  capital  to us, we  believe  that if we do not raise
additional capital through the issuance of treasury shares, we will be unable to
conduct  exploration  activity  and may have to cease  operations  and go out of
business.

2.   BECAUSE THE  PROBABILITY OF AN INDIVIDUAL  PROSPECT EVER HAVING RESERVES IS
     EXTREMELY  REMOTE,  IN ALL  PROBABILITY  OUR PROPERTY  DOES NOT CONTAIN ANY
     RESERVES, AND ANY FUNDS SPENT ON EXPLORATION WILL BE LOST.

Because the  probability  of an  individual  prospect  ever  having  reserves is
extremely  remote,  in all probability our property,  the Valolo Claim, does not
contain any  reserves,  and any funds spent on  exploration  will be lost. If we
cannot  raise  further  funds  as a  result,  we may  have to  suspend  or cease
operations  entirely  which  would  result  in the  loss  of  our  shareholders'
investment.  Similarly,  our new Lucky  Thirteen Claim calls for us to raise $10
million.  If we do not raise these funds we will potentially lose our investment
in this  agreement,  furthermore,  the  underlying  claim  may not  contain  any
reserves, and any funds spent on exploration will be lost.

3.   WE LACK AN  OPERATING  HISTORY AND HAVE LOSSES  WHICH WE EXPECT TO CONTINUE
     INTO THE FUTURE.  AS A RESULT,  WE MAY HAVE TO SUSPEND OR CEASE EXPLORATION
     ACTIVITY OR CEASE OPERATIONS.

We were incorporated in 2007, have not yet conducted any exploration  activities
and have not generated any revenues. We have an insufficient exploration history
upon which to properly evaluate the likelihood of our future success or failure.
Our net loss  from  inception  to July  31,  2010,  the date of our most  recent
audited financial statements,  is $140,544.  Our ability to achieve and maintain
profitability and positive cash flow in the future is dependent upon

                                       4
<PAGE>
     *    Our ability to locate a profitable mineral property
     *    Our ability to locate an economic ore reserve
     *    Our ability to generate revenues
     *    Our ability to reduce exploration costs.

Based upon current plans, we expect to incur operating losses in future periods.
This will happen  because  there are expenses  associated  with the research and
exploration of our mineral  property.  We cannot guarantee we will be successful
in generating revenues in the future. Failure to generate revenues will cause us
to go out of business.

4.   WE HAVE NO KNOWN ORE  RESERVES.  WITHOUT ORE  RESERVES  WE CANNOT  GENERATE
     INCOME AND IF WE CANNOT GENERATE  INCOME WE WILL HAVE TO CEASE  EXPLORATION
     ACTIVITY WHICH WILL RESULT IN THE LOSS OF OUR SHAREHOLDERS' INVESTMENT.

We have no known ore  reserves.  Even if we find gold  mineralization  we cannot
guarantee that any gold  mineralization  will be of sufficient quantity so as to
warrant  recovery.   Additionally,  even  if  we  find  gold  mineralization  in
sufficient  quantity to warrant recovery,  we cannot guarantee that the ore will
be recoverable.  Finally,  even if any gold  mineralization  is recoverable,  we
cannot  guarantee  that this can be done at a  profit.  Failure  to locate  gold
deposits in  economically  recoverable  quantities  will mean we cannot generate
income. If we cannot generate income we will have to cease exploration activity,
which will result in the loss of our shareholders' investment.

5.   IF WE DON'T  RAISE  ENOUGH  MONEY  FOR  EXPLORATION,  WE WILL HAVE TO DELAY
     EXPLORATION  OR GO OUT OF  BUSINESS,  WHICH WILL  RESULT IN THE LOSS OF OUR
     SHAREHOLDERS' INVESTMENT.

We estimate that, with funding committed by our management  combined,  we do not
have  sufficient  cash to continue  operations for twelve months even if we only
carry out Phase I of our  planned  exploration  activity  on the Lucky  Thirteen
Claim. We are in the pre-exploration  stage. We need to raise additional capital
to  undertake  Phase I. We may not be able to raise  additional  funds.  If that
occurs we will have to delay  exploration or cease our exploration  activity and
go out of  business  which will result in the loss of our  shareholders'  entire
investment in our Company.

6.   BECAUSE  WE ARE  SMALL  AND DO NOT HAVE  MUCH  CAPITAL,  WE MUST  LIMIT OUR
     EXPLORATION AND AS A RESULT MAY NOT FIND AN ORE BODY.  WITHOUT AN ORE BODY,
     WE  CANNOT  GENERATE   REVENUES  AND  OUR  SHAREHOLDERS   WILL  LOSE  THEIR
     INVESTMENT.

Any  potential  development  of and  production  from our  exploration  property
depends upon the results of exploration  programs and/or feasibility studies and
the recommendations of duly qualified  engineers and geologists.  Because we are
small and do not have much  capital,  we must  limit  our  exploration  activity
unless  and until we raise  additional  capital.  Any  decision  to  expand  our
operations  on our  exploration  property  will  involve the  consideration  and
evaluation of several significant factors including, but not limited to:

     *    Costs of bringing the property into production  including  exploration
          preparation of production  feasibility  studies,  and  construction of
          production facilities;
     *    Availability and cost of financing;
     *    Ongoing costs of production;
     *    Market prices for the minerals to be produced;
     *    Environmental compliance regulations and restraints; and
     *    Political climate and/or governmental regulations and controls.

                                       5
<PAGE>
Such programs will require very  substantial  additional  funds.  Because we may
have to limit our  exploration,  we may not find an ore body,  even  though  our
property  may  contain  mineralized  material.  Without  an ore body,  we cannot
generate  revenues and our shareholders will lose their entire investment in our
Company.

We may not have access to all of the  supplies  and  materials  we need to begin
exploration which could cause us to delay or suspend exploration activity.

Competition  and  unforeseen  limited  sources of supplies in the industry could
result in occasional  spot  shortages of suppliesand  certain  equipment such as
bulldozers and excavators that we might need to conduct exploration. We have not
attempted to locate or negotiate  with any  suppliers of products,  equipment or
materials.  We will attempt to locate  products,  equipment and materials as and
when we are able to raise the requisite capital.  If we cannot find the products
and equipment we need, we will have to suspend our exploration plans until we do
find the products and equipment we need.

7.   BECAUSE OUR OFFICERS AND DIRECTORS HAVE OTHER OUTSIDE  BUSINESS  ACTIVITIES
     AND MAY NOT BE IN A  POSITION  TO DEVOTE A  MAJORITY  OF THEIR  TIME TO OUR
     EXPLORATION  ACTIVITY,  OUR EXPLORATION  ACTIVITY MAY BE SPORADIC WHICH MAY
     RESULT IN PERIODIC INTERRUPTIONS OR SUSPENSIONS OF EXPLORATION .

Our President will be devoting only 15% of his time,  approximately 24 hours per
month, to our business. Our Chief Financial Officer and Secretary-Treasurer will
be devoting  only  approximately  10% of his time,  or 16 hours per month to our
operations.  As a consequence of the limited  devotion of time to the affairs of
our Company  expected  from  management,  our business may suffer.  For example,
because our officers and directors  have other outside  business  activities and
may not be in a position to devote a majority  of their time to our  exploration
activity,  our  exploration  activity  may be  sporadic  or may be  periodically
interrupted  or suspended.  Such  suspensions or  interruptions  may cause us to
cease operations altogether and go out of business.

8.   BECAUSE  MINERAL  EXPLORATION  AND  DEVELOPMENT  ACTIVITIES  ARE INHERENTLY
     RISKY,  WE MAY BE EXPOSED TO  ENVIRONMENTAL  LIABILITIES.  IF SUCH AN EVENT
     WERE TO OCCUR IT MAY RESULT IN A LOSS OF YOUR INVESTMENT.

The business of mineral  exploration  and  extraction  involves a high degree of
risk. Few properties that are explored are ultimately developed into production.
At present,  the Valolo  Claim,  does not have a known body of  commercial  ore.
Unusual or unexpected  formations,  formation  pressures,  fires, power outages,
labor disruptions,  flooding, explosions, cave-ins, landslides and the inability
to obtain  suitable or adequate  machinery,  equipment  or labor are other risks
involved in extraction operations and the conduct of exploration programs. We do
not carry liability insurance with respect to our mineral exploration operations
and we may  become  subject  to  liability  for  damage  to life  and  property,
environmental   damage,   cave-ins  or  hazards.   Previous  mining  exploration
activities may have caused  environmental  damage to the Valolo Claim. It may be
difficult or  impossible to assess the extent to which such damage was caused by
us or by the activities of previous  operators,  in which case, any  indemnities
and exemptions from liability may be  ineffective.  If the Valolo Claim is found
to have  commercial  quantities of ore, we would be subject to additional  risks
respecting  any  development  and  production  activities.   Similar  risks  and
uncertainties and the consequent  environmental  liabilities are associated with
our  Lucky  Thirteen  Claim.  Most  exploration  projects  do not  result in the
discovery of commercially mineable deposits of ore.

9.   NO MATTER HOW MUCH MONEY IS SPENT ON OUR MINERAL CLAIM, THE RISK IS THAT WE
     MIGHT NEVER IDENTIFY A COMMERCIALLY VIABLE ORE RESERVE.

No matter  how much  money is spent  over the years on the  Valolo  Claim or the
Lucky Thirteen Claim,  we might never be able to find a commercially  viable ore
reserve.  Over the  coming  years,  we could  spend a great deal of money on the
Valolo Claim and the Lucky  Thirteen  Claim without  finding  anything of value.
There is a high probability the Valolo Claim and the Lucky Thirteen Claim do not
contain any reserves so any funds spent on exploration will probably be lost.

10.  EVEN WITH  POSITIVE  RESULTS  DURING  EXPLORATION,  THE MINING CLAIMS MIGHT
     NEVER BE PUT INTO  COMMERCIAL  PRODUCTION  DUE TO INADEQUATE  TONNAGE,  LOW
     METAL PRICES OR HIGH EXTRACTION COSTS.

                                       6
<PAGE>
We might be successful,  during future  exploration  programs,  in identifying a
source of minerals of good grade but not in the quantity, the tonnage,  required
to make commercial  production feasible.  If the cost of extracting any minerals
that might be found on the Valolo Claim or the Lucky Thirteen Claim is in excess
of the  selling  price of such  minerals,  we would not be able to  develop  the
Valolo Claim or the Lucky Thirteen Claim.  Accordingly even if ore reserves were
found on the  Valolo  Claim or the  Lucky  Thirteen  Claim,  without  sufficient
tonnage we would still not be able to economically extract the minerals from the
Valolo Claim or the Lucky  Thirteen Claim in which case we would have to abandon
the  Valolo  Claim  and/or the Lucky  Thirteen  Claim and seek  another  mineral
property to develop, or cease operations altogether.

RISKS ASSOCIATED WITH OWNING OUR SHARES:

11.  WE ANTICIPATE  THE NEED TO SELL  ADDITIONAL  TREASURY  SHARES IN THE FUTURE
     MEANING  THAT  THERE  WILL  BE A  DILUTION  TO  OUR  EXISTING  SHAREHOLDERS
     RESULTING  IN THEIR  PERCENTAGE  OWNERSHIP  IN THE  COMPANY  BEING  REDUCED
     ACCORDINGLY.

We  expect  that  the only way we will be able to  acquire  additional  funds is
through the sale of our common stock.  This will result in a dilution  effect to
our shareholders  whereby their percentage  ownership interest in the Company is
reduced.  The magnitude of this dilution effect will be determined by the number
of shares we will have to issue in the future to obtain the funds required.

12.  BECAUSE  OUR  SECURITIES  ARE SUBJECT TO PENNY  STOCK  RULES,  YOU MAY HAVE
     DIFFICULTY RESELLING YOUR SHARES.

Our shares are "penny stocks" and are covered by Section 15(g) of the Securities
Exchange Act of 1934 which imposes  additional  sales practice  requirements  on
broker/dealers  who sell the  Company's  securities  including the delivery of a
standardized  disclosure  document;  disclosure  and  confirmation  of quotation
prices;  disclosure of compensation the broker/dealer  receives; and, furnishing
monthly account statements.  For sales of our securities, the broker/dealer must
make a special suitability determination and receive from its customer a written
agreement  prior to making a sale.  The  imposition of the foregoing  additional
sales practices could adversely affect a shareholder's ability to dispose of his
stock.

FORWARD LOOKING STATEMENTS

In addition to the other  information  contained in this Form 10-K,  it contains
forward-looking  statements which involve risk and  uncertainties.  When used in
this Form 10-K, the words "may",  "will",  "expect",  "anticipate",  "continue",
"estimate",  "project", "intend", "believe" and similar expressions are intended
to  identify  forward-looking   statements  regarding  events,   conditions  and
financial  trends  that may  affect  our  future  plan of  operations,  business
strategy,  operating results and financial position.  Readers are cautioned that
any forward-looking  statements are not guarantees of future performance and are
subject  to  risks  and  uncertainties  and  that  actual  result  could  differ
materially  from the results  expressed  in or implied by these  forward-looking
statements as a result of various factors, many of which are beyond our control.
Any reader  should  review in detail this entire Form 10-K  including  financial
statements, attachments and risk factors before considering an investment.

ITEM 1B. UNRESOLVED STAFF COMMENTS

There are no unresolved staff comments outstanding at the present time.

ITEM 2. PROPERTIES

Our mineral properties are:

                                       7
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VALOLO CLAIM

With funds advanced by one of our directors we identified and acquired a mineral
property that we consider holds the potential to contain gold mineralization. On
March 1, 2007 we purchased,  for $5,000,  the Valolo Gold Claim (hereinafter the
"Valolo Claim") from The Valolo Group, LLC. an independent  prospecting  company
based in Fiji. The Valolo Claim is situated  approximately  9 miles south of the
town of  Korovou,  on the island of Viti Levu,  the  largest  and most  populous
island in the Republic of Fiji.

In March  2007 we  engaged  Naresh  Bhatt,  P.  Geol.,  to  conduct a review and
analysis of the Valolo Claim and the previous exploration work undertaken on the
property and to recommend a mineral  exploration  program for the Valolo  Claim.
Mr.  Bhatt's  report  titled  "Summary of  Exploration  on the Valolo  Property,
Korovou,  Fiji" dated March 11, 2007 (the "Bhatt Report") recommends a two-phase
exploration program for the Valolo Claim.

We raised $750 in initial seed capital on July 11, 2007 in order to provide some
working capital for the Company and we also closed,  on July 31, 2007, a private
placement  pursuant  to  Regulation  S of the  Securities  Act of 1933,  whereby
501,000  common  shares  were  sold at the  price  of $0.05  per  share to raise
$25,050.

We intend to undertake exploration work on the Valolo Claim. We are presently in
the  pre-exploration  stage and there is no assurance that mineralized  material
with any commercial value exits on our property. We do not have any ore body and
have not  generated any revenues from our  operations.  Our planned  exploration
work is exploratory in nature.  We are the registered and beneficial  owner of a
100% interest in the Valolo Claim located in the Republic of Fiji.
The Valolo Claim covers an area of  approximately  72.5 hectares  (approximately
179 acres).

LOCATION AND ACCESS

The Valolo  Claim is located  approximately  15  kilometers  (9 miles)  south of
Korovou,  Fiji. The area covered by the Claim is an active  mineral  exploration
and development  region with plenty of heavy  equipment and operators  available
for hire. Korovou provides all necessary amenities and supplies including, fuel,
helicopter services,  hardware, drilling companies and assay services. Access to
our Claim is via major highway west from  Korovou.  No water is required for the
purposes of our planned  exploration  work. No  electrical  power is required at
this stage of  exploration.  Any electrical  power that might be required in the
foreseeable future could be supplied by gas powered portable generators.

The claim's  terrain is rugged  with  elevations  ranging  from of 1,420 feet to
2,650 feet.  Tropical mountain forests grow at lower elevations in the northeast
corner of the claim and good rock  exposure  is found along the peaks and ridges
in the  eastern  portion of the claim.  The  climate is mild year round with the
rainy season falling from May to October.

PROPERTY GEOLOGY

A belt of volcanic rocks, of the Savura Volcanic Group,  underlies the property.
These volcanic rocks are exposed along a wide axial zone of a broad complex. The
presence  of  these  rocks  is on  our  property  is  relevant  to  us  as  gold
mineralization,  at the nearby (approximately 20 miles to the west of our claim)
Nasoata  Gold  Mine,  a past  producer  of gold  in  commercial  quantities,  is
generally  concentrated  within extrusive volcanic rocks (of the Savura Volcanic
Group) on the walls of large volcanic caldera.

The main  igneous  intrusions  consist of  `Medrausucu'  or  theoretic  gabbros,
tonalities and tondjhemites.

Theoletic  Gabbros,  for example,  are generally are a greenish or dark coloured
fine to coarse grained rock. Irregular shaped masses of so called "soda granite"
are seen in both sharp and gradational  contact with the diorite.  The different
phases of  Medrausucu  are  exposed  from north of the Valolo Gold Claim to just

                                       8
<PAGE>
east of the town of Korovou and are  principal  host rocks for gold veins at the
previously active Nasoata Gold Mine, approximately 20 kilometers away.

On a  regional  basis the area of Fiji in which the  Valolo  Claim is located is
notable for epi-thermal type gold deposits such as that exploited at the Nasoata
Gold Mine. While no mineralization has been reported for the area covered by the
Valolo Claim,  structures  and shear zones  affiliated  with  mineralization  on
adjacent properties pass through the claim.

PREVIOUS EXPLORATION

To our knowledge based on examination by our geologist of available records,  no
detailed  exploration  has previously been undertaken on the area covered by the
Valolo Claim.

However,  numerous showings of  mineralization  have been discovered in the area
and several prospects in the area have achieved  significant gold production (an
aggregate of 1.11 million ounces of gold reported  between 1956 and 2002) in the
past. The same rock units,  of the Savura Volcanic Group that are found at those
mineral  occurrences  underlie our claim.  The Bhatt' Report has concluded  that
further exploration of the Valolo Claim is warranted.

No assurance,  however,  can be given that any mineralization  will found on the
Valolo Claim.

PROPOSED EXPLORATION WORK - PLAN OF OPERATION

The Bhatt' Report recommends a phased  exploration  program to properly evaluate
the  potential of the Valolo  Claim.  Mr.  Bhatt is a registered  member in good
standing of the  Geological  Society of Fiji.  He is a graduate of University of
Queensland,  Brisbane, Australia with both a Bachelor of Science degree, Geology
(1971) and a Master of Science (1975). Mr. Bhatt has practiced his profession as
a geologist for over 33 years. He visited our claim in March 2007.

We must conduct exploration to determine what minerals exist on our property and
whether they can be economically extracted and profitably processed.  We plan to
proceed with  exploration of the Valolo Claim by completing  Phase I of the work
recommended in the Bhatt Report, in order to begin determining the potential for
discovering commercially exploitable deposits of gold on our claim.

We have not  discovered  any ores or  reserves  on the  Valolo  Claim,  our sole
mineral property. Our planned Phase I work is exploratory in nature.

The Bhatt Report recommends a two-phase exploration program to properly evaluate
the potential of the claim.  Phase I work will consist of geological mapping and
geophysical  surveying.  This will involve,  among other things,  establishing a
grid and the  creation of maps showing all features of the terrain of our claim.
We will create an actual grid on the ground  whereby items can be related one to
another more easily and with  greater  accuracy.  When we map, we will  actually
draw a scale  map of the  area and make  notes  on it as to the  location  where
anything (e.g. potential  mineralization) was found that was of interest. In the
process we will also  identify  any showings  which appear to warrant  sampling,
i.e. any rock formations that appear to warrant our taking soil and rock samples
from the claims to a laboratory where a determination  of the elemental  make-up
of the sample and the exact  concentrations of gold and other indicator minerals
can be made. We anticipate, based on the estimate contained in the Bhatt Report,
that  Phase I work will cost  approximately$10,900  (Fiji  $17,800).  The Valolo
Claim is  located in a tropical  climatic  area so the claim can be worked  year
round. We anticipate  completing Phase I before the end of the late fall of 2010
or early spring of 2011.

Should Phase I results  warrant  further work, and provided we are able to raise
additional  funds to undertake  additional  work on the Valolo  Claim,  we would
undertake  the Phase II work  recommended  in the  Bhatt'  Report.  The Phase II
geochemical and surface  sampling work would be designed to compare the relative
concentrations  of gold and other  indicator  minerals in samples so the results
from different samples can be compared in a more precise manner and plotted on a
map to evaluate their significance.

                                       9
<PAGE>
If an apparent mineralized zone(s) is identified and narrowed down to a specific
area by the Phase I & II work,  we would  then  consider  (again  subject to our
ability to raise  additional funds to do so) the feasibility of diamond drilling
selected  targets to test the  apparent  mineralized  zones.  The cost of such a
program, assuming it is warranted, cannot be estimated at this time.

The  recommended  Phase II work is  estimated  to cost a further  $13,860  (Fiji
$22,700).  At this point we have funds  available to complete  Phase I only.  We
will have to raise  additional  capital in order to carry out Phase II,  work or
any other work beyond Phase I.  Particularly  since we have a limited  operating
history, no reserves and no revenue, our ability to raise additional funds might
be limited.  If we are unable to raise the necessary funds, we would be required
to suspend Siga's operations and liquidate our company. See, particularly, `Risk
Factors beginning on page 5.

There are no permanent facilities,  plants, buildings or equipment on the Valolo
Claim.

COMPETITIVE FACTORS

The mining  industry  is highly  fragmented.  We are  competing  with many other
exploration  companies  looking for gold. We are among the smallest  exploration
companies in existence and are an  infinitely  small  participant  in the mining
business which is the cornerstone of the founding and early stage development of
the  mining  industry.   While  we  generally  compete  with  other  exploration
companies,  there is no competition  for the  exploration or removal of minerals
from  our  claims.  Readily  available  markets  exist  for the  sale  of  gold.
Therefore,  we will likely be able to sell any gold that we are able to recover,
in the event commercial quantities are discovered on the Valolo Claims. There is
no ore body on the Valolo Claims.

GOVERNMENT REGULATION

Exploration activities are subject to various national, state, foreign and local
laws and regulations in Fiji,  which govern  prospecting,  development,  mining,
production,   exports,  taxes,  labor  standards,   occupational  health,  waste
disposal,  protection of the environment,  mine safety, hazardous substances and
other  matters.  We believe that we are in compliance  in all material  respects
with  applicable  mining,  health,  safety and  environmental  statutes  and the
regulations passed there under in Fiji.

ENVIRONMENTAL REGULATION

Our exploration  activities are subject to various federal, state and local laws
and  regulations  governing  protection  of  the  environment.  These  laws  are
continually  changing and, as a general matter,  are becoming more  restrictive.
Our policy is to conduct business in a way that safeguards public health and the
environment.  We  believe  that our  exploration  activities  are  conducted  in
material  compliance with applicable  laws and  regulations.  Changes to current
local,  state or federal  laws and  regulations  in the  jurisdictions  where we
operate could require  additional capital  expenditures and increased  operating
and/or  reclamation  costs.  Although we are unable to predict  what  additional
legislation,  if any,  might  be  proposed  or  enacted,  additional  regulatory
requirements could render certain exploration activities uneconomic.

EMPLOYEES

Initially, we intend to use the services of subcontractors for labor exploration
work on our claim. At present, we have no employees as such although each of our
officers  and  directors  devotes a portion of their time to the  affairs of the
Company. None of our officers and directors has an employment agreement with us.
We presently do not have pension, health, annuity,  insurance, profit sharing or
similar benefit plans; however, we may adopt such plans in the future. There are
presently no personal benefits available to any employee.

                                       10
<PAGE>
As indicated  above we will hire  subcontractors  on an as needed basis. We have
not entered into negotiations or contracts with any of potential subcontractors.
We do not intend to initiate  negotiations  or hire anyone  until we are nearing
the time of commencement of our planned exploration activities.

There are no permanent facilities, plants, buildings or equipment on our mineral
claim.

MINERALIZATION

No mineralization  has been reported for the area of the property but structures
and shear zones  affiliated  with  mineralization  on adjacent  properties  pass
through it.

EXPLORATION

Previous exploration work has not included any attempt to drill the structure on
Valolo Claim.  Records indicate that no detailed  exploration has been completed
on the property.

ADJACENT PROPERTIES

The  adjacent  properties  are cited as examples of the type of deposit that has
been discovered in the area and are not major facets to this report.

RECOMMENDATIONS BY MR. BHATT, PROFESSIONAL GEOLOGIST

A two phased  exploration  program to further  delineate the mineralized  system
currently  recognized on Valolo Claim is recommended.  The program would consist
of  air  photo  interpretation  of  the  structures,  geological  mapping,  both
regionally  and detailed on the area of the main  showings,  geophysical  survey
using both magnetic and electromagnetic  instrumentation in detail over the area
of the showings and in a regional  reconnaissance  survey and  geochemical  soil
sample  surveying  regionally  to  identify  other  areas on the claim  that are
mineralized  and in detail on the known areas of  mineralization.  The effort of
this  exploration  work is to define and enable  interpretation  of a  follow-up
diamond drill program,  so that the known  mineralization and the whole property
can be thoroughly evaluated with the most up to date exploration techniques.

The proposed  budget for the  recommended  work in FJD 40,500 (US $24,760) is as
follows:

                                                   Fijian            U.S.
                                                   Dollars          Dollars
                                                   -------          -------
Phase I
-------
1. Geological mapping and Surveying                 17,800          $10,900
                                                   -------          -------
Total Phase I                                       17,800          $10,900
                                                   -------          -------

Phase II
--------
1. Geochemical surveying and surface sampling
    (includes sample collection and assaying)       22,700          $13,860
                                                   -------          -------
Total Phase II                                      22,700          $13,860
                                                   -------          -------

Total Exploration                                   40,500          $24,760
                                                   =======          =======

                                       11
<PAGE>
We intend to complete  Phase I exploration  work on the Valolo  Claim,  our sole
property.  No exact date has been determined for the commencement of exploration
work on the Valolo Claim.

Particularly  since we have a limited  operating  history,  no  reserves  and no
revenue,  our ability to raise  additional  funds  might be  limited.  If we are
unable to raise the  necessary  funds,  we would be required  to suspend  Siga's
operations and liquidate our company.

There are no permanent facilities,  plants, buildings or equipment on the Valolo
claim.

LUCKY THIRTEEN CLAIM

On September 24, 2010,  the Company has entered into an earn-in  agreement  with
Touchstone Ventures Inc., a British Columbia Company, whereby it can earn an 80%
interest  in  Touchstone   Ventures  Inc.'s  wholly  owned  subsidiary  company,
Touchstone Precious Metals Inc., a British Columbia Company  ("Touchstone"),  by
investing ten million  Canadian  dollars  (CAD$10,000,000)  for  acquisition and
development costs. The initial investment is for three hundred and five thousand
Canadian dollars (CAD$305,000) to determine and confirm the resource and develop
other information requisite to completing the projects' production design.

We will earn 20% of the outstanding  capital of TPM upon our subsequent  advance
of  CAD$200,000  to TPM;  additional  20% will be earned upon  receipt of mining
certificate  by  TPM  and  advances  of a  further  $4,350,000  to  TPM;  and an
additional  40% upon  advances of a further  $5,145,000  to TPM. The  overriding
royalties  on the Luck 13 Claim are 3% net  smelter.  Prior to  payment  of $1.5
million by TPM to the $1.5  million  owed to Peter Osha,  the royalty  rates are
Floating Rate  Royalties  determined by the price of gold such that when gold is
at $500/oz. the royalty rate is 5%; $750/oz. - 7.5%; and $1,000/oz - 10%.

The Claim is located in the New Westminster  Mining Division,  British Columbia,
Map Number 092H:

 Claim Name       Area Tenure      Type       Tenure Number      Expiry Date
 ----------       -----------      ----       -------------      -----------
Lucky Thirteen    168.157 ha      Placer         523082        December 1, 2010

The Placer Claim is owned 100% by Mr. Peter Osha (B.C.  Free Miner  #120343) and
the Claim is in Good Standing.

LOCATION AND ACCESS

The Lucky Thirteen Claim is located  approximately  5 kilometers (3 miles) north
of Hope  British  Columbia.  The area  where the claim is  located  is an active
mineral  exploration and  development  region with heavy equipment and operators
available  for  hire.  Hope  provides  all  necessary   amenities  and  supplies
including, fuel, hardware,  drilling companies and assay services. Access to our
Claim is via Trans Canada north from Hope.  Any  electrical  power that might be
required in the foreseeable future could be supplied by BC Hydro grid.

The placer gravel bar that the claim covers is accessible by an existing logging
road.  The climate is mild year round with the rainy season falling from October
to May.

PROPERTY GEOLOGY

The Lucky  Thirteen  claim is covered by Tertiary  Gravels  forming a stratified
sequence of cobble and pebble gravels,  sands and silts.  The total thickness is
unknown at this time.

PREVIOUS EXPLORATION

The Lucky Thirteen has a history of exploration  and minor  production  attempts
going back to the mid 1850s.  Most of this work was poorly  documented until the
past 3 decades and  concentrated  generally  on free gold. A series of tests and
assays by several operators  including the current owner, from various areas and

                                       12
<PAGE>
depths have established that the gravels are auriferous, and that the black sand
concentrates  contain gold and platinum  group  minerals  that may be present in
economic amounts.

PROPOSED EXPLORATION WORK - PLAN OF OPERATION

The  current  plan of  operations  is to grid  sample  areas of the  property by
trenching  and/or  drilling.  The  material  recovered  and sampled  will be run
through an on-site  washing and recovery plant.  Samples taken  representatively
will be assayed by qualified assay  laboratories,  with the information  derived
used to  recommend  specific  mining  areas,  design the mining  plan itself and
determine  most  efficient  recovery  methods to be applied to the  concentrates
derived from the process.

The seismic survey;  trenching and sample program;  screen analysis; and assays;
is designed to investigate  depth to bedrock,  sand and gravel strata,  previous
workings,  and placer  mineral  continuity.  All work will be conducted by local
qualified independent  professional engineers,  mine operators,  accountants and
administrators.

PHASE I WORK PROGRAM ESTIMATE

Placer Mineral Tenure #52082           Option Deposit               $ 50,000
Placer Mineral Tenure #523082          Claim to Lease                  5,000
                                       Frontier GeoScience Ltd.
Seismic Survey                         Russell Hillman P.Eng          33,380
Road Upgrade to CPR Track              Triple O Contracting           10,000
CPR Track Crossing                     Triple O Contracting-CPR       10,000
Bonding & Insurance                                                   10,000
Survey-12 Trenches (40' ea) 10'
sample increments = 48 samples         Triple O                       36,000
48 Samples Processed                   Triple O Contracting           36,000
48 Assays                                                             10,000
Pit Design                             P.Eng (Mining)                  5,000
Process Design                         P.Eng (Metallurgical)           5,000
Contingency Reserve                                                    94620
                                                                    --------

DEVELOPMENT BUDGET TOTAL                                            $305,000
                                                                    ========

The Operational Budget reflects the current estimated  Property  Acquisition and
Capital  and  Operating  Costs to place  the  property  into  production  at the
earliest  possible  date.  The  operational  budget  detail may be modified as a
result  of the  current  recommended  work  program,  however,  no  increase  in
estimated costs are anticipated.

PROPERTY ACQUISITION BUDGET ESTIMATE

Property Acquisition                                             $ 5,145,000
Operational Budget Estimate
Road                                                                 305,000
Operating Equipment & Buildings                                    3,477,126
Working Capital                                                      517,290
Professional Fees                                                    225,584
Operational Budget                                                 4,555,000
                                                                 -----------

TOTAL REQUIRED CAPITAL                                           $10,000,000
                                                                 ===========

BULK TESTING SCHEDULE

The  following  is an estimate to conduct a bulk  sampling  program on the Lucky
Thirteen Property.

     *    The test program to consist of a series trenches to a maximum depth of
          40 foot minimum.
     *    A bulk sample to be taken every 10 feet vertically
     *    All trenches will be backfilled upon completion of test.

                                       13
<PAGE>
     *    A screening plant will be set up near the excavation.

The  overburden  will be removed and placed  elsewhere on the claim.  All gravel
material excavated from the trench will be screened to different size fractions.
The gravel on each  screen  will be weighed and the  information  recorded.  The
concentrate will be captured, weighed and processed for minerals. In Phase I the
gold content of the  concentrates  will be recovered  by a gravity  method.  The
remaining  concentrates  will be stored and  retained  for further  analysis for
other precious metals and by-products in Phase II of the Work Program.

Between each test the screening  plant will be washed down and cleaned up before
the next test is carried out. The screening  plant is then moved forward and the
process is repeated. The excavators will then backfill the finished trench doing
the reclamation on a continuous basis.

COMPETITIVE FACTORS

The mining  industry  is highly  fragmented.  We are  competing  with many other
exploration  companies  looking for gold. We are among the smallest  exploration
companies in existence and are an  infinitely  small  participant  in the mining
business which is the cornerstone of the founding and early stage development of
the  mining  industry.   While  we  generally  compete  with  other  exploration
companies,  there is no competition  for the  exploration or removal of minerals
from  our  claims.  Readily  available  markets  exist  for the  sale  of  gold.
Therefore,  we will likely be able to sell any gold that we are able to recover,
in the event commercial quantities are discovered on the Lucky Thirteen Claim.

GOVERNMENT REGULATION

Exploration activities are subject to various national,  provincial, foreign and
local  laws and  regulations  in  British  Columbia  and  Canada,  which  govern
prospecting,  development,  mining, production, exports, taxes, labor standards,
occupational health, waste disposal, protection of the environment, mine safety,
hazardous  substances and other matters. We believe that we are in compliance in
all material respects with applicable mining,  health,  safety and environmental
statutes and the regulations passed there under in British Columbia and Canada.

ENVIRONMENTAL REGULATION

Our exploration activities are subject to various federal,  provincial and local
laws and regulations  governing  protection of the  environment.  These laws are
continually  changing and, as a general matter,  are becoming more  restrictive.
Our policy is to conduct business in a way that safeguards public health and the
environment.  We  believe  that our  exploration  activities  are  conducted  in
material  compliance with applicable  laws and  regulations.  Changes to current
local,  state or federal  laws and  regulations  in the  jurisdictions  where we
operate could require  additional capital  expenditures and increased  operating
and/or  reclamation  costs.  Although we are unable to predict  what  additional
legislation,  if any,  might  be  proposed  or  enacted,  additional  regulatory
requirements could render certain exploration activities uneconomic.

EMPLOYEES

Initially, we intend to use the services of subcontractors for labor exploration
work on our claim. At present, we have no employees as such although each of our
officers  and  directors  devotes a portion of their time to the  affairs of the
Company. None of our officers and directors has an employment agreement with us.
We presently do not have pension, health, annuity,  insurance, profit sharing or
similar benefit plans; however, we may adopt such plans in the future. There are
presently no personal benefits available to any employee.

As indicated  above we will hire  subcontractors  on an as needed basis. We have
not entered into negotiations or contracts with any of potential subcontractors.
We do not intend to initiate  negotiations  or hire anyone  until we are nearing
the time of commencement of our planned exploration activities.

There are no permanent facilities, plants, buildings or equipment on our mineral
claim.

                                       14
<PAGE>
MINERALIZATION

The mineralization  contained within the Lucky Thirteen is placer gold and heavy
black sands  derived  from the erosion and  subsequent  re-deposition  over many
millennia, of material derived from the current and historic highlands above the
Fraser River  Drainage.  The placer  deposits were formed at the point where the
erosional processes, (generally water borne but sometimes wind and mass wasting)
lost the energy  necessary to continue to carry the material further down stream
in the drainage  system.  The Fraser River has also caused  continuing  material
movement in its annual cycles of varying flows.

EXPLORATION

Exploration  has been known in the area since the mid 1850s,  but  generally has
not been via modern methods of mining,  washing and  concentration.  The current
work  plan is the  first  known  that  will  combine  current  state  of the art
extraction  and  processing  methods  to the  auriferous  gravels  in the  Lucky
Thirteen area.

ADJACENT PROPERTIES

There are possible  expansions to the project properties in the general area but
there is no current  intent to add acreage to the  project  until the deposit is
better evaluated.

RECOMMENDATIONS BY

T.L. Sadlier-Browm, PROFESSIONAL GEOLOGIST

INVESTMENT POLICIES

Siga does not have an investment policy at this time. Any excess funds it has on
hand will be deposited in interest  bearing notes such as term deposits or short
term money instruments. There are no restrictions on what the directors are able
to invest. Presently Siga does not have any cash.

ITEM 3. LEGAL PROCEEDINGS

There are no legal  proceedings  to which Siga is a party or to which the Valolo
Claim  or the  Lucky  Thirteen  is  subject,  nor to the  best  of  management's
knowledge are any material legal proceedings contemplated.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

There has been no Annual General  Meeting of  Stockholders  since Siga's date of
inception.  Management  hopes to hold an Annual General  Meeting of Stockholders
during 2011.

                                       15
<PAGE>
                                     PART II

ITEM 5. MARKET FOR REGISTRANT'S  COMMON EQUITY,  RELATED STOCKHOLDER MATTERS AND
        ISSUER PURCHASE OF EQUITY SECURITIES

Since  inception,  Siga has not paid any dividends on its common stock, and Siga
does not anticipate that it will pay dividends in the foreseeable  future. As at
July 31,  2010,  Siga had 37  shareholders;  two of  these  shareholders  are an
officer and director of Siga.

Option Grants and Warrants outstanding since Inception.

No stock options have been granted since Siga's inception.

There are no outstanding warrants or conversion privileges for Siga's shares.

ITEM 6. SELECTED FINANCIAL INFORMATION

The following summary financial data was derived from our financial  statements.
This  information  is only a summary and does not  provide  all the  information
contained in our financial statements and related notes thereto. You should read
the "Management's  Discussion and Analysis of Financial Condition and Results of
Operations" and our financial statements and related notes included elsewhere in
this Form 10-K.

OPERATION STATEMENT DATA

                                                                  18-Jan-07
                                                For the year      (date of
                                                   ended      incorporation) to
                                                 31-Jul-10        31-Jul-10
                                                -----------      -----------

Impairment of mineral claim acquisition         $        --      $     5,000
General and Administrative                           24,511          135,544
                                                -----------      -----------

Net loss from operations                        $    24,511      $   140,544
                                                ===========      ===========


Weighted average shares outstanding
 (basic and fully diluted)                       43,785,000

Net loss per share (basic and fully diluted)    $        --


                                       16
<PAGE>
Balance Sheet Data
  Cash and cash equivalent                      $        --
                                                -----------

Total assets                                    $        --
                                                ===========

Total liabilities                               $    58,195
                                                ===========

Total Shareholders' deficiency                  $   (58,195)
                                                ===========

Our historical results do not necessary indicate results expected for any future
periods.

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS
        OF OPERATIONS

CORPORATE ORGANIZATION AND HISTORY WITHIN THE LAST THREE YEARS

Siga was incorporated  under the laws of the State of Nevada on January 18, 2007
under  the name  Siga  Resources  Inc.  Siga  does  not  have any  subsidiaries,
affiliated companies or joint venture partners.

We have not been involved in any bankruptcy, receivership or similar proceedings
since  inception  nor  have  we  been  party  to  a  reclassification,   merger,
consolidation,  or purchase or sale of a significant amount of assets not in the
ordinary  course of business.  We have no intention of entering into a merger or
acquisition.

BUSINESS DEVELOPMENT SINCE INCEPTION

There is no  historical  financial  information  about us upon  which to base an
evaluation  of  our  performance  as  an  exploration  corporation.   We  are  a
pre-exploration  stage  company and have not  generated  any  revenues  from our
exploration  activities.  Further,  we have not generated any revenues since our
formation on January 18, 2007. We cannot  guarantee we will be successful in our
exploration  activities.  Our  business  is  subject  to risks  inherent  in the
establishment of a new business enterprise, including limited capital resources,
possible delays in the exploration of our properties, and possible cost overruns
due to price and cost increases in services.

To become  profitable and competitive,  we must invest in the exploration of the
Valolo Claim and/or the Lucky Thirteen  Claim before we can start  production of
any minerals we may find. We must obtain equity or debt financing to provide the
capital required to fully implement our phased exploration  program.  We have no
assurance  that  financing  will be  available  to us on  acceptable  terms.  If
financing is not available on satisfactory terms, we will be unable to commence,
continue,  develop  or expand our  exploration  activities.  Even if  available,
equity financing could result in additional dilution to existing shareholders.

                                       17
<PAGE>
Our auditors have issued a going concern  opinion.  This means that our auditors
believe there is substantial  doubt that we can continue as an on-going business
for the next twelve months unless we obtain additional capital to pay our bills.
This is  because  we  have  not  generated  any  revenues  and no  revenues  are
anticipated until we begin removing and selling minerals.  Accordingly,  we must
raise  cash from  sources  other than the sale of  minerals  found on the Valolo
Claim an/or Lucky Thirteen  Claim.  That cash must be raised from other sources.
Our only  other  source  for cash at this time is  investments  by others in the
Company.  We must raise cash to implement  our planned  exploration  program and
stay in business.

To meet our need for cash we must raise additional  capital.  We will attempt to
raise additional money through a private  placement,  public offering or through
loans.  We have discussed this matter with our officers and directors.  However,
our officers and directors are unwilling to make any  commitments to loan us any
money at this time. At the present time,  we have not made any  arrangements  to
raise additional cash. We require additional cash to continue  operations.  Such
operations could take many years of exploration and would require expenditure of
very substantial  amounts of money, money we do not presently have and may never
be able to raise.  If we cannot  raise it we will have to  abandon  our  planned
exploration activities and go out of business.

We  estimate  we will  require  $45,018  in cash  over the next  twelve  months,
including  the cost of planned  Phase I  exploration  work for the Valolo  claim
during  that  period.  We also  anticipate  that we will  have to spend at least
CAD$305,000  on the Lucky Thirteen  claim.  We have no cash at the present time.
For a detailed breakdown refer to "Liquidity and Capital Reserves".

We have no plant or  significant  equipment to sell, nor are we going to buy any
plant or significant  equipment  during the next twelve months.  We will not buy
any equipment  until we have located a body of ore and we have  determined it is
economical to extract the ore from the land.

We may attempt to interest other companies to undertake  exploration work on the
Valolo Claim and/or the Lucky Thirteen  Claim through joint venture  arrangement
or even  the  sale of part of the  Valolo  Claim or the  Lucky  Thirteen  Claim.
Neither of these avenues has been pursued as of the date of this Form 10-K.

Since we do not presently have the requisite funds, we may not be able to do the
work under Phase I of the recommended exploration program of the Valolo Claim or
the initial phase of the Lucky Thirteen Claim. We might have to consider a joint
venture partner. If we cannot find a joint venture partner and do not raise more
money,  we will be unable to  complete  any work.  If we are  unable to  finance
additional exploration activities,  we do not know what we will do and we do not
have any plans to do anything else. We may have no alternative  but to go out of
business.

We do not  intend to hire any  employees  at this  time.  All of the work on the
Valolo Claim and the Lucky  Thirteen  Claim will be  conducted  by  unaffiliated
independent  contractors that we will hire. The independent  contractors will be
responsible for surveying,  geology,  engineering,  exploration, and excavation.
The geologists  will evaluate the  information  derived from the exploration and
excavation  and the  engineers  will advise us on the  economic  feasibility  of
removing the mineralized material.

TRENDS

We are in the pre-explorations stage, have not generated any revenue and have no
prospects of generating any revenue in the foreseeable future. We are unaware of
any known  trends,  events or  uncertainties  that have had,  or are  reasonably
likely to have, a material impact on our business or income,  either in the long
term of short term, other than as described in this section or in `Risk Factors'
on page 5.

CRITICAL ACCOUNTING POLICIES

Our  discussion  and  analysis  of  our  financial   condition  and  results  of
operations,  including the  discussion on liquidity and capital  resources,  are
based upon our financial statements, which have been prepared in accordance with

                                       18
<PAGE>
accounting  principles  generally accepted in the United States. The preparation
of these financial  statements  requires us to make estimates and judgments that
affect the reported amounts of assets,  liabilities,  revenues and expenses, and
related  disclosure of contingent  assets and liabilities.  On an ongoing basis,
management re-evaluates its estimates and judgments.

The going  concern basis of  presentation  assumes we will continue in operation
throughout the next fiscal year and into the foreseeable future and will be able
to realize our assets and  discharge  our  liabilities  and  commitments  in the
normal course of business. Certain conditions,  discussed below, currently exist
which  raise  substantial  doubt  upon  the  validity  of this  assumption.  The
financial  statements do not include any adjustments  that might result from the
outcome of the uncertainty.

LIQUIDITY AND CAPITAL RESOURCES

As of July 31,  2010 our total  assets were nil and our total  liabilities  were
$58,195.

Including the cost of completing  the  exploration  phase of our Lucky  Thirteen
Claim and the Valolo  Claim,  our  non-elective  expenses  over the next  twelve
months, are expected to be as follows:

                                                                     Estimated
Expense                                               Ref.             Amount
-------                                               ----             ------
Accounting and audit                                  (i)            $ 49,000
Edgar filing fees                                     (ii)              2,000
Exploration costs                                     (iii)           315,900
Filing fees - Nevada; Securities of State             (iv)                375
Office and general expenses                           (v)              20,000
Transfer agent fees                                   (vi)              5,000
                                                                     --------
Estimated expenses for the next  twelve months                        392,275
                                                                     --------
Account payable as at July 31, 2010                                    60,695
                                                                     --------

Cash required for the next twelve months                             $452,970
                                                                     ========

(i)   Accounting and audit

      We will have to continue to prepare consolidated  financial statements for
      submission with the various 10-K and 10-Q as follows:

Period                    Form       Accountant       Auditor          Amount
------                    ----       ----------       -------          ------
October 31, 2010          10-Q          9,000           1,000          10,000
January 31, 2011          10-Q          9,000           1,000          10,000
April 30, 2011            10-Q          9,000           1,000          10,000
July 31, 2011             10-K          9,000          10,000          19,000
                                      -------         -------         -------

Estimated total                       $36,000         $ 4,000         $49,000
                                      =======         =======         =======

                                       19
<PAGE>
(ii)  Edgar filing fees

      We will be required to file the annual Form 10-K estimated at $250 and the
      three Form 10-Qs at $250 each for a total cost of $1,000.  Additional Form
      8-K should cost an additional $1,000.

(iii) Exploration costs

      The  projection  of cash  required over the next twelve months has assumed
      that the  recommended  work program will be completed at an estimated cost
      of $10,900. The Lucky Thirteen Claim has an initial budget of $305.000.

DEVELOPMENT BUDGET

TIME TO COMPLETE 90 DAYS             Purpose
------------------------             -------
Placer Mineral Tenure #52082         Option Deposit              $  50,000
Placer Mineral Tenure # 523082       Claim to Lease                  5,000
Seismic Survey                       Frontier Geoscience            33,380
Road Upgrade to CPR Track            Triple O Contracting           10,000
CPR Track Crossing -                 Triple O Contracting & CPR     10,000
Bonding & Insurance                                                 10,000
Survey-12 Trenches (40' ea) 10'
 sample incr = 48 samples            Triple O Contracting           36,000
48 Samples Processed                 Triple O Contracting           36,000
48 Assays                                                           10,000
Pit Design                           P.Eng. Mining                   5,000
Process Design                       P.Eng Metallurgic               5,000
Contingency Reserve                                                 94,620
                                                                 ---------

DEVELOPMENT BUDGET TOTAL                                         $ 305,000
                                                                 =========

(iv)  Filing fees in Nevada

      To maintain the Company in good  standing in the State of Nevada an annual
      fee of approximately $375 has been paid to the Secretary of State.

(v)   Office and general

      We  have  estimated  a cost of  approximately  $20,000  for  photocopying,
      printing, fax and delivery, travel, and entertainment.

(vi)  Transfer agent

      The annual fee from Holladay  Stock  Transfer to act as transfer agent for
      us is $5, 000.

Our future  operations  are  dependent  upon our  ability to obtain  third party
financing  in the form of debt and  equity and  ultimately  to  generate  future
profitable  operations or income from investments.  As of July 31, 2010, we have
not generated revenues, and have experienced negative cash flow from operations.
We may look to secure additional funds through future debt or equity financings.
Such  financings  may not be available  or may not be  available  on  reasonable
terms.

                                       20
<PAGE>
TWELVE  MONTHS  ENDED JULY 31, 2010 AND 2009 AND FOR THE PERIOD FROM JANUARY 18,
2007 (DATE OF INCEPTION) TO JULY 31, 2010.

We incurred  accumulated  net losses since  inception of $140,544 as detailed in
the following table:

                               Twelve Months   Twelve Months    From inception
                                   Ended           Ended     January 18, 2007 to
Expenses                Ref.    31-Jul-10       31-Jul-09        31-Jul-10
--------                ----    ---------       ---------        ---------
Accounting and audit    (i)      $ 10,500        $ 15,546         $ 38,596
Bank charges                           --              45              364
Consulting                             --              --           17,000
Exploration costs                      --              --            5,000
Filing fees                            --              --            1,695
Incorporation costs                    --              --              720
Legal                                  --              --            9,818
Management fees         (ii)        9,000          12,000           39,000
Office                  (iii)         145             219            2,080
Rent                    (iv)        2,700           3,600           11,700
Telephone               (v)         1,350           1,800            5,850
Transfer agent fees     (vi)          816           2,690            5,823
Edgar zing              (vii)          --             250            2,898
                                 --------        --------         --------

Total                            $ 24,511        $ 36,150         $140,544
                                 ========        ========         ========

(i)   Audit and Accounting

      Auditing and accounting  expense represents the cost of the preparation of
      the financial  statements for the year ended July 31, 2009, as well as for
      the  preparation  and  review of the  financial  statements  for the three
      months ended October 31, 2009,  the six months ended January 31, 2010, and
      the nine months ended April 30, 2010.

(ii)  Management fees

      The  Company  did not pay  management  fees but  realizes  there is a cost
      associated with the directors managing the operations of our Company.

(iii) Office

      Office expenses during the year were mainly for courier,  postage,  office
      supplies, etc. in the amount of $145.

(iv)  Rent

      We accrued rent similar to  management  fees with an  offsetting  entry to
      Capital in Excess of Par Value totalling $2,700.

                                       21
<PAGE>
(v)   Telephone

      Similar to management fees and rent noted above, we have accrued telephone
      expense  totalling $1,350 with an offsetting entry to Capital in Excess of
      Par Value.

(vi)  Transfer agent fees

      The Company uses the services of Holladay  Stock  Transfer as its transfer
      agent. During the fiscal year ended July 31, 2010 the company paid fees of
      $816.

(vii) Edgarizing

      There were no Edgarizing expenses during the year.

BALANCE SHEETS

Total cash and cash  equivalents,  as of July 31, 2010 and July 31,  2009,  were
both $nil.  Our  working  capital as at July 31,  2010 and July 31,  2009 were a
negative amount of $58,195 and a negative amount of $46,734 respectively.

Total shareholders' deficiency as of July 31, 2010 was $58,195 and $46,734 as at
July 31, 2009. Total shares outstanding as at July 31, 2010 were 43,785,000.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

MARKET INFORMATION

There  are  no  common  shares  subject  to  outstanding  options,  warrants  or
securities convertible into common equity of our Company.

The number of shares subject to Rule 144 is 23, 625,000

Presently,  there are no shares  being  offered to the public and no shares have
been offered pursuant to an employee benefit plan or dividend reinvestment plan.

Our shares are traded on the OTCBB. Although the OTCBB does not have any listing
requirements  per se, to be eligible for quotation on the OTCBB,  we must remain
current in our  filings  with the SEC;  being as a minimum  Forms 10-Q and 10-K.
Securities  already quoted on the OTCBB that become delinquent in their required
filings  will be removed  following  a 30 or 60 day grace  period if they do not
make their filing during that time.

In the  future  our common  stock  trading  price  might be  volatile  with wide
fluctuations.  Things that could cause wide fluctuations in our trading price of
our stock could be due to one of the  following or a  combination  of several of
them:

     *    our  variations  in  our  operations  results,   either  quarterly  or
          annually;
     *    trading patterns and share prices in other exploration companies which
          our shareholders consider similar to ours;

                                       22
<PAGE>
     *    the  exploration  results on the Valolo  Claim and the Lucky  Thirteen
          Claim, and
     *    other events which we have no control over.

In  addition,  the stock  market in  general,  and the market  prices for thinly
traded companies in particular,  have experienced  extreme volatility that often
has been unrelated to the operating  performance of such  companies.  These wide
fluctuations may adversely affect the trading price of our shares  regardless of
our future  performance.  In the past,  following  periods of  volatility in the
market price of a security,  securities  class action  litigation has often been
instituted  against  such  company.  Such  litigation,  if  instituted,  whether
successful  or not,  could  result  in  substantial  costs  and a  diversion  of
management's attention and resources, which would have a material adverse effect
on our business, results of operations and financial conditions.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The financial  statements attached to this Form 10-K for the year ended July 31,
2010 have been  examined by our  independent  accountants,  Madsen &  Associates
CPA's Inc. and attached hereto.

ITEM 9. CHANGES IN AND DISAGREEMENT WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
        DISCLOSURE

During the year ended July 31, 2010,  to the best of our  knowledge,  there have
been no  disagreements  with  Madsen &  Associates  CPA's Inc. on any matters of
accounting  principles or practices,  financial statement  disclosure,  or audit
scope  procedures,  which  disagreement  if not resolved to the  satisfaction of
Madsen &  Associates  CPA's Inc.  would have caused them to make a reference  in
connection with its report on the financial statements for the year.

ITEM 9A. CONTROLS AND PROCEDURES

Our  management,  on behalf of the  Company,  has  considered  certain  internal
control procedures as required by the Sarbanes-Oxley ("SOX") Section 404 A which
accomplishes the following:

Internal controls are mechanisms to ensure objectives are achieved and are under
the supervision of the Company's Chief Executive Officer,  being Arun Kumar, and
Chief Financial Officer,  being Rohit Singh. Good controls encourage efficiency,
compliance with laws and regulations,  sound information,  and seek to eliminate
fraud and abuse.

These control procedures provide reasonable  assurance regarding the reliability
of financial reporting and the preparation of the Company's financial statements
for external  purposes in accordance  with U.S.  generally  accepted  accounting
principles.

Internal  control is "everything  that helps one achieve one's goals - or better
still, to deal with the risks that stop one from achieving one's goals."

Internal controls are mechanisms that are there to help the Company manage risks
to success.

Internal  controls is about  getting  things done  (performance)  but also about
ensuring  that  they  are  done  properly  (integrity)  and  that  this  can  be
demonstrated and reviewed (transparency and accountability).

In other words,  control  activities are the policies and  procedures  that help
ensure the  Company's  management  directives  are carried out. They help ensure
that  necessary  actions  are  taken  to  address  risks to  achievement  of the
Company's  objectives.  Control activities occur throughout the Company,  at all
levels and in all  functions.  They include a range of  activities as diverse as

                                       23
<PAGE>
approvals, authorizations,  verifications, reconciliations, reviews of operating
performance, security of assets and segregation of duties.

As of July 31, 2010, the management of the Company assessed the effectiveness of
the Company's  internal  control over financial  reporting based on the criteria
for effective internal control over financial reporting  established in Internal
Control--Integrated   Framework   issued   by  the   Committee   of   Sponsoring
Organizations of the Treadway Commission ("COSO") and SEC guidance on conducting
such  assessments.  Management  concluded,  during the year ended July 31, 2010,
internal  controls and procedures were not effective to detect the inappropriate
application of US GAAP rules.  Management realized there are deficiencies in the
design or operation of the Company's  internal  control that adversely  affected
the  Company's  internal  controls  which  management  considers  to be material
weaknesses.

In the light of  management's  review of  internal  control  procedures  as they
relate to COSO and the SEC the following were identified:

     *    The Company's  Audit Committee does not function as an Audit Committee
          should since there is a lack of independent directors on the Committee
          and the Board of Directors has not identified an "expert",  one who is
          knowledgeable about reporting and financial  statements  requirements,
          to serve on the Audit Committee.
     *    The Company has limited  segregation of duties which is not consistent
          with good internal control procedures.
     *    The  Company  does not have a  written  internal  control  procedurals
          manual which  outlines the duties and  reporting  requirements  of the
          Directors  and any  staff to be hired in the  future.  This  lack of a
          written  internal  control   procedurals  manual  does  not  meet  the
          requirements of the SEC or good internal control.
     *    There are no effective controls  instituted over financial  disclosure
          and the reporting processes.

Management feels the weaknesses  identified above,  being the latter three, have
not had any effect on the financial results of the Company. Management will have
to address the lack of independent  members on the Audit  Committee and identify
an "expert" for the Committee to advise other  members as to correct  accounting
and reporting procedures.

The  Company  and its  management  will  endeavor  to  correct  the above  noted
weaknesses  in  internal  control  once  it has  adequate  funds  to do  so.  By
appointing  independent members to the Audit Committee and using the services of
an expert on the Committee will greatly  improve the overall  performance of the
Audit  Committee.  With the  addition  of other  Board  Members  and  staff  the
segregation  of duties  issue will be address and will no longer be a concern to
management.  By having a written  policy manual  outlining the duties of each of
the officers and staff of the Company will facilitate  better  internal  control
procedures.

Management  will  continue  to monitor and  evaluate  the  effectiveness  of the
Company's  internal  controls  and  procedures  and its internal  controls  over
financial  reporting on an ongoing  basis and are  committed  to taking  further
action and implementing  additional  enhancements or improvements,  as necessary
and as funds allow.

ITEM 9A(T). CONTROLS AND PROCEDURES

There were no changes in the  Company's  internal  controls or in other  factors
that could affect its  disclosure  controls  and  procedures  subsequent  to the
Evaluation Date, nor any deficiencies or material  weaknesses in such disclosure
controls and procedures requiring corrective actions.

                                       24
<PAGE>
ITEM 9B. OTHER INFORMATION

There are no matters required to be reported upon under this Item.

                                    PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Each of our Directors serves until his successor is elected and qualified.  Each
of our  officers is elected by the Board of  Directors to a term of one (1) year
and serves until his  successor is duly  elected and  qualified,  or until he is
removed from office.  The Board of Directors has no  nominating or  compensation
committees.

The name,  address,  age and position of our officers and directors is set forth
below:

Name and Address                        Position(s)                   Age
----------------                        -----------                   ---

Edwin G. Morrow                    Chief Executive Officer,           65
1002 Ermine Court,                 President and Director (1)
South Lake Tahoe, CA 96150

Robert Malasek                     Chief Financial Officer,           42
Alpenstr. 34a, 82393               Chief Accounting Officer,
IffeldorfGermany                   Secretary-Treasurer and
                                   Director (2)

----------
(1)  Edwin G Morrow was  appointed a director on September  14, 2010,  President
     and the Chief Executive Officer on the same day.
(2)  Robert  Malasek  became a director on September  28, 2010 and was appointed
     Secretary  Treasurer,  Chief Financial Officer and Chief Accounting Officer
     on the same day.

The percentage of common shares beneficially owned,  directly or indirectly,  or
over which  control or direction  are exercised by the directors and officers of
our Company, collectively, is nil.

BACKGROUND OF OFFICERS AND DIRECTORS

EDWIN MORROW has been the President and Director of the Company since  September
14, 2010.

Mr.  Morrow holds a Bachelor of Science in Geology from Mackay  School of Mines,
University  of Nevada,  Reno,  with post  graduate  study in finance and mineral
economics.

A registered Professional  Geologist,  Mr. Morrow is a member of the Society for
Mineral  Exploration  , has  served  on  the  Boards  of  Directors  of  several
Associations  and  companies  and as an Council  Member of the Mineral  Industry
Advisory Board, University of Nevada, Mackay School of Mines.

Mr.  Morrow  has  worked  as an  employee  or  consultant  for  over 35 years in
exploration,  development  and  production  in the natural  resources  area,  in
multiple  commodities.  He has held  line and  executive  positions  with in the
mining and minerals industry with Sonoma  Quicksilver,  Utah  International Inc,
InterPace Corporation, Federal Bentonite Corporation,  Homestake Mining Company,
and Zaruma  Resources Inc.  (Laminco  Resources Inc.). As part of his consulting

                                       25
<PAGE>
practice,  Mr. Morrow has over 10 years  experience  in real estate  management,
including  planning,  entitlement,   permitting,  engineering  and  construction
management.

ROBERT MALASEK has been a director and Secretary  Treasurer of the Company since
Sept 28, 2010.  Mr.  Malasek  currently  serves as a consultant  to a variety of
clients, including a number of public companies. He also is serving as the Chief
Financial  Officer for Naturewell,  Inc. to which he was appointed on August 15,
2006. Mr. Malasek had previously served as Controller for NatureWell,  Inc. From
1987  until  August  1999  Robert was  employed  with  Starwood  Hotel & Resorts
Worldwide,  Inc. in a number of positions  within the accounting  department and
became  Assistant  Controller in 1998 until his departure in 1999.  Mr.  Malasek
received his Bachelor of Science in Accountancy from San Diego State University,
California in 1998.

None of our officers and  directors  work full time for our company.  Mr. Morrow
spends  approximately 40 hours a month on administrative and mining matters. Mr.
Morrow's  time on Company  affairs is  expected to continue at this pace for the
foreseeable future. As Secretary Treasurer,  Robert Malasek spends approximately
40 hours per month on corporate matters.

None of our  directors is an officer or director of a company  registered  under
the Securities and Exchange Act of 1934.

BOARD OF DIRECTORS

Below is a description  of the Audit  Committee of the Board of  Directors.  The
Charter  of the  Audit  Committee  of the  Board of  Directors  sets  forth  the
responsibilities  of the Audit  Committee.  The  primary  function  of the Audit
Committee  is to oversee and  monitor the  Company's  accounting  and  reporting
processes and the audits of the Company's financial statements.

Our audit committee is comprised of Edwin Morrow,  our President and Chairman of
the Audit  Committee,  and  Robert  Malasek  our  Chief  Financial  Officer  and
Secretary  Treasurer  neither  of whom are  independent.  Mr.  Morrow  cannot be
considered  an "audit  committee  financial  expert"  as  defined in Item 401 of
Regulation S-B. Mr. Malasek meet these qualifications.

Apart from the Audit Committee, the Company has no other Board committees.

Since  inception  on January 18,  2007,  our Board has  conducted  its  business
entirely by consent resolutions and has not met, as such.

SIGNIFICANT EMPLOYEES

We have not paid employees as such.  Our Officers and Directors  fulfill many of
the functions  that would  otherwise  require Siga to hire  employees or outside
consultants.

We will have to engage  the  services  of certain  consultants  to assist in the
exploration of our previous mineral claims and to prepare a report on the Valolo
Claim and Lucky Thirteen Claim.  Such consultant will responsible for hiring and
supervising,  the exploration  work on the Company's  claims in the near future.
This  individual  will be responsible  for the completion of the geological work
and,  therefore,  will be an integral part of our operations  although he or she
will not be  considered  an  employee  either on a full time or part time basis.
This is because our exploration programs will not last more than a few weeks and
once  completed  this  individual  will no  longer  be  required.  We  have  not
identified any individual who would work as a consultant for us.

FAMILY RELATIONSHIPS

Our President and CEO and our Secretary Treasurer and CFO are unrelated.

                                       26
<PAGE>
INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS

To the  knowledge  of the  Company,  during  the past  five  years,  none of our
directors or executive officers:

     (1)  has filed a petition  under the federal  bankruptcy  laws or any state
          insolvency  law, nor had a receiver,  fiscal agent or similar  officer
          appointed by the court for the business or property of such person, or
          any  partnership  in which he was a general  partner  at or within two
          years before the time of such filings;

     (2)  was  convicted in a criminal  proceeding or named subject of a pending
          criminal  proceeding  (excluding  traffic  violations  and other minor
          offenses);

     (3)  was the  subject of any order,  judgment or decree,  not  subsequently
          reversed,   suspended   or   vacated,   of  any  court  of   competent
          jurisdiction,   permanently  or  temporarily  enjoining  him  from  or
          otherwise limiting, the following activities:

          (i)  acting  as a futures  commission  merchant,  introducing  broker,
               commodity trading advisor, commodity pool operator, floor broker,
               leverage  transaction  merchant,  associated person of any of the
               foregoing,  or as an investment advisor,  underwriter,  broker or
               dealer in  securities,  or as an  affiliate  person,  director or
               employee of any investment  company, or engaging in or continuing
               any conduct or practice in connection with such activity;

          (ii) engaging in any type of business practice; or

          (iii)engaging in any  activities  in  connection  with the purchase or
               sale of any  security  or  commodity  or in  connection  with any
               violation  of  federal  or  state   securities  laws  or  federal
               commodities laws;

     (4)  was the subject of any order,  judgment,  or decree,  not subsequently
          reversed,  suspended,  or vacated,  of any federal or state  authority
          barring,  suspending  or otherwise  limiting for more than 60 days the
          right of such person to engage in any activity  described  above under
          this  Item,  or to be  associated  with  persons  engaged  in any such
          activities;

     (5)  was found by a court of competent jurisdiction in a civil action or by
          the SEC to have violated any federal or state  securities law, and the
          judgment  in such  civil  action  or  finding  by the SEC has not been
          subsequently reversed, suspended, or vacated.

     (6)  was found by a court of competent jurisdiction in a civil action or by
          the Commodity Futures Trading  Commission to have violated any federal
          commodities  law,  and the judgment in such civil action or finding by
          the Commodity  Futures  Trading  Commission has not been  subsequently
          reversed, suspended or vacated.

ITEM 11. EXECUTIVE COMPENSATION

Compensation to our directors and officers was paid as follows:

                                       27
<PAGE>
                           SUMMARY COMPENSATION TABLE

<TABLE>
<CAPTION>
                                                                Long Term Compensation
                                                         -----------------------------------
                                 Annual Compensation             Awards             Payouts
                              ------------------------   -----------------------   ---------
Name and                                                 Restricted
Principal                                Other Annual      Stock       Options/*     LTIP         All Other
Position             Year     Salary    Compensation($)  Awarded($)     SARs(#)    Payouts($)   Compensation($)
--------             ----     -------   --------------   ----------     -------    ----------   --------------
<S>                 <C>      <C>       <C>              <C>            <C>        <C>          <C>
Arun Kumar           2008      -0-          -0-           -0-            -0-         -0-            -0-
President, CEO       2009      -0-          -0-           -0-            -0-         -0-            -0-
and Director         2010      -0-          -0-           -0-            -0-         -0-            -0-

Rohit Singh          2008      -0-          -0-           -0-            -0-         -0-            -0-
Secretary Treasurer, 2009      -0-          -0-           -0-            -0-         -0-            -0-
CFO and Director     2010      -0-          -0-           -0-            -0-         -0-            -0-


Edwin G. Morrow      2008      -0-          -0-           -0-            -0-         -0-            -0-
President, CEO       2009      -0-          -0-           -0-            -0-         -0-            -0-
and Director         2010      -0-          -0-           -0-            -0-         -0-            -0-

Robert Malasek       2008      -0-          -0-           -0-            -0-         -0-            -0-
Secretary Treasurer, 2009      -0-          -0-           -0-            -0-         -0-            -0-
CFO and Director     2010      -0-          -0-           -0-            -0-         -0-            -0-
</TABLE>

COMPENSATION OF DIRECTORS

We have no standard  arrangement  to compensate  directors for their services in
their capacity as directors.  Directors are not paid for meetings attended.  All
travel and lodging expenses  associated with corporate matters are reimbursed by
us, if and when incurred.

EMPLOYMENT AGREEMENTS WITH EXECUTIVE OFFICERS AND DIRECTORS

There are no employment agreements with any officers or directors.

STOCK OPTION PLAN

We have never  established  any form of stock option plan for the benefit of our
directors,  officers or future employees.  We do not have a long-term  incentive
plan nor do we have a defined  benefit,  pension plan,  profit  sharing or other
retirement plan.

BONUSES AND DEFERRED COMPENSATION

None

                                       28
<PAGE>
COMPENSATION PURSUANT TO PLANS

None

PENSION TABLE

None

TERMINATION OF EMPLOYMENT

There  are no  compensatory  plans or  arrangements,  including  payments  to be
received from Siga,  with respect to any person named in Summary of Compensation
set out above  which  would in any way  result in  payments  to any such  person
because of his resignation,  retirement,  or other  termination of such person's
employment  with Siga,  or any  change in  control  of Siga,  or a change in the
person's responsibilities following a change in control of Siga.

               COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

Siga knows of no director, officer, beneficial owner of more than ten percent of
any class of equity  securities  of Siga's  registered  pursuant  to  Section 12
("Reporting  Person")  that failed to file any reports  required to be furnished
pursuant to Section 16(a). Neither Mr. Kumar and Mr. Singh have personally filed
any reports with the Section.

ITEM 12.  SECURITY  OWNERSHIP OF CERTAIN  BENEFICIAL  OWNERS AND  MANAGEMENT AND
          RELATED STOCKHOLDER MATTERS

The  following  table sets forth,  as at November 10, 2010,  the total number of
shares owned beneficially by each of our directors,  officers and key employees,
individually  and as a group,  and the present owners of 5% or more of our total
outstanding  shares. The shareholders  listed below have direct ownership of his
shares and  possesses  sole  voting and  dispositive  power with  respect to the
shares.

Title or      Name and Address of      Amount of Beneficial
 Class        Beneficial Owner (1)        Ownership (2)         Percent of Class
 -----        --------------------        -------------         ----------------
Common        Arun Kumar                    17,500,000                39.97%
Stock         #8 Nairal Rd., Raiwai,
              Suva, Fiji

Common        Rohit Singh                    8,750,000                19.98%
Stock         Narata, Nausori, GPO,
              Box 1004, Suva, Fiji

Common        Greater than 5%               26,250,000                59.95%
Stock         shareholders as a Group
              (2 persons)

----------
(1)  Unless otherwise noted, the security  ownership  disclosed in this table is
     of record and beneficial.
(2)  Under Rule 13-d of the Exchange Act,  shares not outstanding but subject to
     options,  warrants,  rights,  conversion  privileges pursuant to which such
     shares may be acquired in the next 60 days are deemed to be outstanding for
     the purpose of computing the percentage of outstanding  shares owned by the
     person having such rights,  but are not deemed  outstanding for the purpose
     of computing the percentage for such other persons. None of our officers or
     directors  has  options,   warrants,   rights  or   conversion   privileges
     outstanding.

                                       29
<PAGE>
We do not know of any  other  shareholder  who has more  than 5  percent  of the
issued shares.

The number of shares under Rule 144 is 23,625,000.

Our two largest  shareholders,  Arun Kumar and Rohit Singh,  own,  collectively,
26,250,000  issued and outstanding  shares of our common stock. All these shares
are  "restricted  shares"  as that term is  defined in Rule 144 of the Rules and
Regulations of the SEC  promulgated  under the  Securities  Act. Under Rule 144,
shares can be publicly sold, subject to volume  restrictions and restrictions on
the manner of sale, commencing one year after their acquisition.

There are no voting trusts or similar  arrangements  known to us whereby  voting
power is held by another party not named herein. We know of no trusts,  proxies,
power of  attorney,  pooling  arrangements,  direct  or  indirect,  or any other
contract  arrangement  or device  with the purpose or effect of  divesting  such
person or persons of beneficial ownership of our common shares or preventing the
vesting of such beneficial ownership.

DESCRIPTION OF OUR SECURITIES

We have only common shares authorized and there are no preferred shares or other
forms of shares.  Our authorized common stock consists of 500,000,000  shares of
common stock, par value $0.001 per share. The holders of our common stock:

     *    have equal ratable  rights to dividends  from funds legally  available
          therefore, when, as, and if declared by our Board of Directors;
     *    are entitled to share  ratably in all of the assets of Siga  available
          for distribution upon winding up of the affairs of Siga; and
     *    do not have  preemptive,  subscription or conversion  rights and there
          are no redemption or sinking fund provisions or rights; and
     *    are  entitled to one  non-cumulative  vote per share on all matters on
          which shareholders may vote at all meetings of shareholders.

The shares of common stock do not have any of the following rights:

     *    preference as to dividends or interest;
     *    preemptive rights to purchase in new issues of shares;
     *    preference upon liquidation; or
     *    any other special rights or preferences.

All our shares of common  stock now issued  and  outstanding  are fully paid and
non-assessable.

CONVERTIBLE SECURITIES

The shares are not convertible into any other securities.

                                       30
<PAGE>
NON-CUMULATIVE VOTING

The holders of shares of our common stock do not have cumulative  voting rights,
which means that the holders of more than 50% of such outstanding shares, voting
for the election of directors,  can elect all of the directors to be elected, if
they so choose.  In such event,  the holders of the remaining shares will not be
able to elect any of our  directors.  Our directors and officers have 60 percent
of the shares  outstanding  making it impossible for any shareholder or group of
shareholders to accumulate sufficient votes of shares from other shareholders to
change our directors.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
         INDEPENDENCE

TRANSACTIONS WITH MANAGEMENT AND OTHERS

Except as indicated  below,  there were no material  transactions,  or series of
similar  transactions,  since  inception  of  Siga,  or any  currently  proposed
transactions, or series of similar transactions, to which Siga was or is to be a
party, in which the amount involved exceeds $120,000,  and in which any director
or  executive  officer,  or any  security  holder who is known by Siga to own of
record or beneficially  more than 5% of any class of Siga's common stock, or any
member of the immediate family of any of the foregoing persons, has an interest.

INDEBTEDNESS OF MANAGEMENT

There were no material  transactions,  or series of similar transactions,  since
inception of Siga, or any currently proposed transactions,  or series of similar
transactions, to which Siga was or is to be a part, in which the amount involved
exceeded  $120,000  and in which  any  director  or  executive  officer,  or any
security holder who is known to Siga to own of record or beneficially  more than
5% of the common shares of Siga's capital stock,  or any member of the immediate
family of any of the foregoing persons, has an interest.

CONFLICTS OF INTEREST

Ed  Morrow  is a  director  of  Liberty  Coal  Energy  Inc.  in which he  spends
approximately 10% of his time. Otherwise none of our officers and directors is a
director  or  officer of any other  company  involved  in the  mining  industry.
However,  there can be no assurance such  involvement in other  companies in the
mining industry will not occur in the future.  Such potential future involvement
could create a conflict of interest.

To ensure that  potential  conflicts of interest  are avoided or  declared,  the
Board of Directors adopted,  on January 19, 2007, a Code of Ethics for the Board
of Directors  (the "Code").  Siga's Code embodies our commitment to such ethical
principles  and sets forth the  responsibilities  of Siga and its  officers  and
directors  to  its  shareholders,   employees,   customers,  lenders  and  other
organizations.  Our Code addresses general business ethical principles and other
relevant issues.

TRANSACTIONS WITH PROMOTERS

Siga does not have promoters and has no transactions with any promoters.

                                       31
<PAGE>
ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

(1)  Audit Fees

The aggregate  fees billed by the  independent  registered  accountants  for the
period  ended  July 31,  2010 for  professional  services  for the review of the
quarterly  financial  statements  as at October 31,  2009,  January 31, 2010 and
April 30, 2010,  annual  financial  statements  as of July 31, 2010 and services
that are normally  provided by the  accountants in connection with statutory and
regulatory  filings or engagements for those period years were as follows:  $500
for each of the quarters ended October 31, 2009,  January 31, 2010 and April 30,
2010 and $3,500 for the audit of July 31, 2010.

(2)  Audit-Related Fees

The  aggregate  fees  billed  in each of the two  periods  mentioned  above  for
assurance and related services by the principal  accountants that are reasonably
related to the performance of the audit or review of Siga's financial statements
and are not reported under Item 9 (e)(1) of Schedule 14A was NIL.

(3)  Tax Fees

The aggregate fees billed in July 31, 2010 for professional services rendered by
the principal  accountants for tax compliance,  tax advice, and tax planning was
NIL.

(4)  All Other Fees

During  the period  from  inceptions  to July 31,  2010 there were no other fees
charged by the principal  accountants  other than those disclosed in (1) and (3)
above.

(5)  Audit Committee's Pre-approval Policies

At the present time, there are not sufficient directors,  officers and employees
involved with Siga to make any pre-approval  policies meaningful.  Once Siga has
elected more directors and appointed  directors and  non-directors  to the Audit
Committee it will have meetings and function in a meaningful manner.

(6)  Audit Hours Incurred

The  principal  accountants  did not spend  greater than 50 percent of the hours
spent on the accounting by Siga's internal accountant.

                                       32
<PAGE>
                                     PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

EXHIBITS

The following exhibits are included as part of this report by reference:

 3       Corporate Charter  (incorporated by reference from Siga's  Registration
         Statement  on Form SB-2 filed on September  5, 2007,  Registration  No.
         333-145879)

 3       (i) Articles of  Incorporation  (incorporated  by reference from Siga's
         registration  Statement  on Form  SB-2  filed  on  September  5,  2007,
         Registration No. 333-145879)

 3       (ii)  By-laws  (incorporated  by  reference  from  Siga's  Registration
         Statement  on Form SB-2 filed on September  5, 2007,  Registration  No.
         333-145879)

 4       Stock  Specimen  (incorporated  by reference  from Siga's  Registration
         Statement  on Form SB-2 filed on September  5, 2007,  Registration  No.
         333-145879)

10.1     Transfer Agent and Registrar Agreement  (incorporated by reference from
         Siga's Registration  Statement on Form SB-2 filed on September 5, 2007,
         Registration No. 333-145879)

10.2     Corporate  Acquisition Agreement between Siga, Touchstone Ventures Ltd,
         and  Touchstone   Precious   Metals,   Inc  dated  September  24,  2010
         (incorporated by reference from Siga's Annual Report on Form 10-K filed
         on November 12, 2010, Registration No. 333-145879)

10.3     Letter  Agreement  dated May 15, 2010 between Peter Osha and Touchstone
         Precious  Metals,  Inc.  regarding  the  Option to  Purchase  the Lucky
         Thirteen Claim from Peter Osha.  (incorporated by reference from Siga's
         Annual Report on Form 10-K filed on November 12, 2010, Registration No.
         333-145879)

10.4     Extension   Agreement  dated  October  14,  2010  between  Peter  Osha,
         Touchstone  Ventures Ltd,  Touchstone  Precious  Metals Inc.,  and Siga
         Resources Inc.  (incorporated by reference from Siga's Annual Report on
         Form 10-K filed on November 12, 2010, Registration No. 333-145879)

FINANCIAL STATEMENTS

The following financial statements are included in this report:

Title of Document                                                           Page
-----------------                                                           ----
Report of Madsen & Associates, CPA's Inc.                                    F-1

Balance Sheets as at July 31, 2010 and 2009                                  F-2

Statement  of  Operations  for years  ended July 31,  2010 and 2009 and for
the period from January 18, 2007 (date of inception) to July 31, 2010        F-3

Statement of Changes in  Shareholders'  Deficiency  for the period from
January 18, 2007 (date of inception) to July 31, 2010                        F-4

Statement  of Cash Flows for years  ended  July 31,  2010 and 2009 and for
the period ended January 18, 2007 (date of inception) to July 31, 2010       F-5

Notes to the Financial Statements                                            F-6

                                       33
<PAGE>
                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  registrant  has duly  caused  this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

SIGA RESOURCES, INC.
(Registrant)


By: /s/ Edwin G. Morrow
    ----------------------------------
    Edwin Morrow
    Chief Executive Officer,
    President and Director

Date: February 9, 2011

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following  persons on behalf of the  registrant and
in the capacities and on the dates indicated


By: /s/ Edwin G. Morrow
    -------------------------------
    Edwin G. Morrow
    Chief Executive Officer,
    President and Director

Date: February 9, 2011


By: /s/ Robert Malasek
    -------------------------------
    Robert Malasek
    Chief Financial Officer,
    and Director

Date: February 9, 2011

                                       34
<PAGE>
             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors and
Stockholders of Siga Resources, Inc.
(A Pre-Exploration Stage Company)

We have  audited the  accompanying  balance  sheets of Siga  Resources,  Inc. (a
Pre-Exploration  Stage  Company) (the Company) as of July 31, 2010 and 2009, and
the related statements of operations,  changes in stockholders' deficiency,  and
cash flows for each of the years in the two-year period ended July 31, 2010, and
for the period from January 18, 2007 (date of inception)  to July 31, 2010.  The
Company's  management  is  responsible  for  these  financial  statements.   Our
responsibility  is to express an opinion on these financial  statements based on
our audits.

We conducted our audits in accordance  with the standards of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements  are free of material  misstatement.  The company is not  required to
have,  nor were we engaged to perform,  an audit of its  internal  control  over
financial reporting.  Our audit included  consideration of internal control over
financial  reporting  as  a  basis  for  designing  audit  procedures  that  are
appropriate  in the  circumstances,  but not for the  purpose of  expressing  an
opinion on the  effectiveness  of the company's  internal control over financial
reporting.  Accordingly,  we express  no such  opinion.  An audit also  includes
examining,  on a test basis,  evidence supporting the amounts and disclosures in
the  financial   statements,   assessing  the  accounting  principles  used  and
significant  estimates  made by  management,  as well as evaluating  the overall
financial  statement  presentation.   We  believe  that  our  audits  provide  a
reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all  material  respects,  the  financial  position  of Siga  Resources,  Inc. (a
Pre-Exploration  Stage Company) as of July 31, 2010 and 2009, and the results of
its operations  and its cash flows for each of the years in the two-year  period
ended  July  31,  2010,  and for the  period  from  January  18,  2007  (date of
inception) to July 31, 2010, in conformity with accounting  principles generally
accepted in the United States of America.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue as a going  concern.  The Company  will need  additional
working capital to service its debt and for its planned  activity,  which raises
substantial doubt about its ability to continue as a going concern. Management's
plans in regard to these  matters are  described  in the notes to the  financial
statements. These financial statements do not include any adjustments that might
result from the outcome of this uncertainty.


/s/ Madsen & Associates CPA's, Inc.
----------------------------------------------
Madsen & Associates CPA's, Inc.
Salt Lake City, Utah
November 10, 2010


                                      F-1
<PAGE>
                              SIGA RESOURCES, INC.
                         (Pre-exploration Stage Company)
                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                  July 31,            July 31,
                                                                   2010                2009
                                                                 ---------           ---------
<S>                                                              <C>                 <C>
ASSETS

CURRENT ASSETS
  Cash                                                           $      --           $      --
                                                                 ---------           ---------

Total Current Assets                                             $      --           $      --
                                                                 =========           =========

LIABILITIES AND STOCKHOLDERS' DEFICIENCY

CURRENT LIABILITIES
  Accounts payable                                               $  58,195           $  17,743
  Accounts payable-related parties                                      --              28,991
                                                                 ---------           ---------
Total Current Liabilities                                           58,195              46,734
                                                                 ---------           ---------

STOCKHOLDERS' DEFICIENCY
  Common stock
    500,000,000 shares authorized, at $0.001 par value;
    43,785,000 shares issued and outstanding (Note 6)               43,785              43,785
  Capital in excess of par value                                    38,564              25,515
  Deficit accumulated during the pre-exploration stage            (140,544)           (116,034)
                                                                 ---------           ---------
Total Stockholders' Deficiency                                     (58,195)            (46,734)
                                                                 ---------           ---------

                                                                 $      --           $      --
                                                                 =========           =========
</TABLE>


   The accompanying notes are an integral part of these financial statements.


                                      F-2
<PAGE>
                              SIGA RESOURCES, INC.
                         (Pre-exploration Stage Company)
                            STATEMENTS OF OPERATIONS
          For the years ended July 31, 2010 and 2009 and for the period
           from January 18, 2007 (date of inception) to July 31, 2010

<TABLE>
<CAPTION>

                                                                                                  January 18, 2007 to
                                                                  July 31,           July 31,          July 31,
                                                                    2010              2009              2009
                                                                 -----------       -----------       -----------
<S>                                                              <C>               <C>               <C>
REVENUES                                                         $        --       $        --       $        --
                                                                 -----------       -----------       -----------
EXPENSES
  Impairment of mineral claim acquisition cost (Note 3)                   --                --             5,000
  Administrative                                                      24,511            36,149           135,544
                                                                 -----------       -----------       -----------

NET LOSS                                                         $    24,511       $    36,149       $   140,544
                                                                 ===========       ===========       ===========
NET LOSS PER COMMON SHARE
  Basic and diluted                                              $        --       $        --
                                                                 ===========       ===========
WEIGHTED AVERAGE OUTSTANDING SHARES
  Basic and fully diluted                                         43,785,000        43,785,000
                                                                 ===========       ===========
</TABLE>


   The accompanying notes are an integral part of these financial statements.


                                      F-3
<PAGE>
                              SIGA RESOURCES, INC.
                         (Pre-Exploration Stage Company)
                      STATEMENT OF CHANGES IN STOCKHOLDERS'
                   DEFICIENCY Period January 18, 2007 (date of
                           inception) to July 31, 2010

<TABLE>
<CAPTION>
                                                                Common Stock             Capital in
                                                          ------------------------      Excess of Par      Accumulated
                                                          Shares            Amount          Value            Deficit
                                                          ------            ------          -----            -------
<S>                                                       <C>               <C>             <C>              <C>
Balance January 18, 2007                                         --      $        --     $        --       $        --

Issuance of common shares for cash - July 11, 2007       26,250,000           26,250         (25,500)               --
Issuance of common shares for cash - July 31, 2007       17,535,000           17,535           7,515                --
Capital contributions - non-cash expenses                        --               --           8,700                --
Net operating loss for the period January 18,2007
 (date of inception) to July 31, 2007                            --               --              --           (22,659)
                                                        -----------      -----------     -----------       -----------
Balance as at July 31, 2007                              43,785,000           43,785          (9,285)          (22,659)

Capital contributions - non-cash expenses                        --               --          17,400                --
Net operating loss for the year ended July 31, 2008              --               --              --           (57,226)
                                                        -----------      -----------     -----------       -----------
Balance as at July 31, 2008                              43,785,000           43,785           8,115           (79,885)

Capital contributions - non-cash expenses                        --               --          17,400                --
Net operating loss for the year ended July 31, 2009              --               --              --           (36,149)
                                                        -----------      -----------     -----------       -----------
Balance as at July 31, 2009                              43,785,000           43,785          25,515          (116,034)

Capital contributions - non-cash expenses                        --               --          13,049
Net operating loss for the year ended July 31, 2010                                                            (24,511)
                                                        -----------      -----------     -----------       -----------

Balance as at July 31, 2010                              43,785,000      $    43,785     $    38,564       $  (140,544)
                                                        ===========      ===========     ===========       ===========
</TABLE>


   The accompanying notes are an integral part of these financial statements


                                      F-4
<PAGE>
                              SIGA RESOURCES, INC.
                         (Pre-exploration Stage Company)
                            STATEMENTS OF CASH FLOWS
                   For the years ended July 31, 2010 and 2009
          and for the period from January 18, 2007 (date of inception)
                                to July 31, 2010

<TABLE>
<CAPTION>
                                                                                                        January 18, 2007 to
                                                                   July 31,             July 31,             July 31,
                                                                     2010                 2009                 2009
                                                                  ----------           ----------           ----------
<S>                                                               <C>                  <C>                  <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                                        $  (24,511)          $  (36,149)          $ (140,544)
  Adjustments to reconcile net loss to net cash
   provided by operating activities:
     Capital contributions - non-cash expenses                        13,049               17,400               56,550
     Changes in accounts payable                                       7,000                5,667               24,743
                                                                  ----------           ----------           ----------
Net Cash  Provided (Used) in Operations                               (4,462)             (13,082)             (59,251)
                                                                  ----------           ----------           ----------

CASH FLOWS FROM INVESTING ACTIVITIES                                      --                   --                   --
                                                                  ----------           ----------           ----------

CASH FLOWS FROM FINANCING ACTIVITIES
  Advances from related parties                                       (4,461)              11,057               33,451
  Proceeds from issuance of common stock                                  --                   --               25,800
                                                                  ----------           ----------           ----------
                                                                      (4,461)              11,057               59,251
                                                                  ----------           ----------           ----------

Net Increase (Decrease) in Cash                                       (8,923)              (2,025)                  --

Cash at Beginning of Year                                                 --                2,025                   --
                                                                  ----------           ----------           ----------

CASH AT END OF YEAR                                               $       --           $       --           $       --
                                                                  ==========           ==========           ==========
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING ACTIVITIES:
  Capital contributions - non-cash expenses                       $   13,049           $   17,400           $   56,550
                                                                  ==========           ==========           ==========
</TABLE>


   The accompanying notes are an integral part of these financial statements

                                      F-5
<PAGE>
                              SIGA RESOURCES, INC.
                         (Pre-exploration Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                  July 31, 2010


1. ORGANIZATION

The Company,  Siga Resources,  Inc. was incorporated under the laws of the State
of Nevada on January 18, 2007 with the  authorized  capital stock of 300,000,000
shares at $0.001 par value.  On January 31,  2008,  the  Secretary  of State for
Nevada  approved an amendment to the Articles of  Incorporation  where the total
number of shares of common stock was increased to  500,000,000  shares of common
stock with a par value of $0.001 per share.

The Company was organized for the purpose of acquiring  and  developing  mineral
properties.  At the report date mineral claims, with unknown reserves,  had been
acquired.  The Company  has not  established  the  existence  of a  commercially
minable ore deposit and therefore has not reached the  exploration  stage and is
considered to be in the pre-exploration stage.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

ACCOUNTING METHODS

The  Company  recognizes  income and  expenses  based on the  accrual  method of
accounting.

DIVIDEND POLICY

The Company has not yet adopted a policy regarding payment of dividends.

BASIC AND DILUTED NET INCOME (LOSS) PER SHARE

Basic net income  (loss) per share  amounts are  computed  based on the weighted
average  number of shares  actually  outstanding.  Diluted net income (loss) per
share  amounts are  computed  using the  weighted  average  number of common and
common  equivalent  shares  outstanding  as if  shares  had been  issued  on the
exercise of any common share rights unless the exercise becomes antidilutive and
then only the basic per share amounts are shown in the report.

EVALUATION OF LONG-LIVED ASSETS

The Company periodically reviews its long term assets and makes adjustments,  if
the carrying value exceeds fair value.

                                      F-6
<PAGE>
                              SIGA RESOURCES, INC.
                         (Pre-exploration Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                  July 31, 2010


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

INCOME TAXES

The Company utilizes the liability method of accounting for income taxes.  Under
the liability method deferred tax assets and liabilities are determined based on
differences  between  financial  reporting  and the tax bases of the  assets and
liabilities  and are measured  using the enacted tax rates and laws that will be
in effect,  when the  differences  are  expected to be  reversed.  An  allowance
against  deferred tax assets is recorded,  when it is more likely than not, that
such tax benefits will not be realized.

As of July 31,  2010,  the Company  had a net  operating  loss carry  forward of
$140,544 for income tax purposes.  The tax benefit of approximately $42,000 from
the loss carry forward has been fully offset by a valuation  reserve because the
future tax benefit is undeterminable  since the Company is unable to establish a
predictable  projection of operating  profits for future years. The losses begin
to expire in 2027.

FOREIGN CURRENCY TRANSLATIONS

Part of the  transactions of the Company were completed in Canadian  dollars and
have been  translated to US dollars as incurred,  at the exchange rate in effect
at the time, and therefore,  no gain or loss from the translation is recognized.
The functional currency is considered to be US dollars.

REVENUE RECOGNITION

Revenue is recognized on the sale and delivery of a product or the completion of
a service provided.

ADVERTISING AND MARKET DEVELOPMENT

The company expenses advertising and market development costs as incurred.

FINANCIAL INSTRUMENTS

The carrying amounts of financial instruments are considered by management to be
their fair value due to their short term maturities.

ESTIMATES AND ASSUMPTIONS

Management uses estimates and assumptions in preparing  financial  statements in
accordance  with general  accepted  accounting  principles.  Those estimates and
assumptions  affect the  reported  amounts of the  assets and  liabilities,  the
disclosure of contingent  assets and liabilities,  and the reported revenues and
expenses.  Actual  results  could vary from the  estimates  that were assumed in
preparing these financial statements.

                                      F-7
<PAGE>
                              SIGA RESOURCES, INC.
                         (Pre-exploration Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                  July 31, 2010


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

STATEMENT OF CASH FLOWS

For the  purposes of the  statement  of cash flows,  the Company  considers  all
highly  liquid  investments  with a maturity of three  months or less to be cash
equivalents.

MINERAL PROPERTY COSTS

The Company is primarily  engaged in the  acquisition  and exploration of mining
properties. Mineral property exploration costs are expensed as incurred. Mineral
property acquisition costs are initially capitalized when incurred.  The Company
assesses  the  carrying  costs for  impairment  at each fiscal  quarter  end. An
impairment is recognized when the sum of the expected  undiscounted  future cash
flows is less than the  carrying  amount  of the  mineral  property.  Impairment
losses, if any, are measured as the excess of the carrying amount of the mineral
property over its estimated fair value.

When  it  has  been  determined  that a  mineral  property  can be  economically
developed as a result of establishing  proven and probable  reserves,  the costs
then  incurred to develop such  property,  are  capitalized.  Such costs will be
amortized  using the  units-of-production  method over the estimated life of the
proven and probable reserves.  If mineral properties are subsequently  abandoned
or impaired, any capitalized costs will be charged to operations.

ENVIRONMENTAL REQUIREMENTS

At the report  date  environmental  requirements  related to the  mineral  claim
acquired  are unknown and  therefore  any  estimate of any future cost cannot be
made.

RECLASSIFICATIONS

Certain prior period amounts in the accompanying  financial statements have been
reclassified   to  conform  to  the   current   period's   presentation.   These
reclassifications  had no effect  on the  results  of  operations  or  financial
position for any period presented.

RECENT ACCOUNTING PRONOUNCEMENTS

The  Company  does not  expect  that the  adoption  of other  recent  accounting
pronouncements will have a material impact on its financial statements.

                                      F-8
<PAGE>
                              SIGA RESOURCES, INC.
                         (Pre-exploration Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                  July 31, 2010


3. ACQUISITION OF MINERAL CLAIM

On March 11, 2007, the Company acquired the Valolo Claim located in the Republic
of Fiji for  $5,000.  The  Valolo  Claim is located 10 miles east of the town of
Korovou , Fiji.  Under Fijian law, the claim remains in good standing as long as
the Company has an interest in it. There is no annual maintenance fee or minimum
exploration  work  required  on the Claim but the  Company is required to have a
mining license in order to keep the claim in good standing.

The acquisition  costs have been impaired and expensed because there has been no
exploration  activity nor has there been any reserve  established  and we cannot
currently project any future cash flows or salvage value for the coming year and
the acquisition costs might not be recoverable.

4. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

Officers-directors  have  acquired  60% of the common  stock  issued,  have made
advances to the Company of $33,452,  and have made  contributions  to capital of
$56,550  in the form of noncash  expenses.  The  advances  from  directors  were
assigned to a third party on May 31, 2010.

5. CAPITAL STOCK

On July 11,  2007,  the Company  completed  a private  placement  consisting  of
26,250,000  post split common  shares sold to directors and officers for a total
consideration  of $750.  On July 31,  2007,  the  Company  completed  a  private
placement  of  17,535,000  post split  common  shares for a total  consideration
$25,050.

On January 16,  2008,  the  directors of the Company  approved a  resolution  to
forward  split the common share of the Company based on a 35 new shares for each
old share held by the shareholders ("Forward Split"). As a result of the Forward
Split the common shares  increased from 1,251,000 common shares with a par value
of $0.001 per share to  43,785,000  common shares with a par value of $0.001 per
share.  The 43,785,000 post split common shares are shown as split from the date
of inception.

6. GOING CONCERN

The Company intends to seek business  opportunities  that will provide a profit.
However,  the  Company  does  not  have  the  working  capital  necessary  to be
successful  in this effort and to service  its debt,  which  raises  substantial
doubt about its ability to continue as a going concern.

Continuation  of the  Company as a going  concern is  dependent  upon  obtaining
additional  working  capital and the  management  of the Company has developed a
strategy,  which it believes will accomplish this objective  through  additional
loans from related parties, and equity funding, which will enable the Company to
operate for the coming year.

                                      F-9
<PAGE>
                              SIGA RESOURCES, INC.
                         (Pre-exploration Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                  July 31, 2010


7. SUBSEQUENT EVENT

On September 24, 2010,  the Company has entered into an earn-in  agreement  with
Touchstone Ventures Inc., a British Columbia Company, whereby it can earn an 80%
interest  in  Touchstone   Ventures  Inc.'s  wholly  owned  subsidiary  company,
Touchstone Precious Metals Inc., a British Columbia Company  ("Touchstone"),  by
investing ten million  Canadian  dollars  (CAD$10,000,000)  for  acquisition and
development costs. The initial investment is for three hundred and five thousand
Canadian dollars (CAD$305,000) to determine and confirm the resource and develop
other information requisite to completing the projects' production design.

The Company has evaluated subsequent events through November 10, 2010.


                                      F-10