UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-K





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


For the
      year ended July 31, 2008





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





For the transaction period
      from                                                                
      toCommission
      File
      number                                                                333-145879





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





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





8
      Nairal RoadRalwai, Suva,
      Fiji(Address of
      principal executive offices)
            (Zip
      Code)





Issuer’s
      telephone
      number                                                      (679) 338-6092Securities
      registered pursuant to Section 12(b) of the Act:





Title
      of each share
            Name
      of each exchange on which registeredNone
            None





Securities
      registered pursuant to Section 12 (g) of the Act:None(Title
      of Class)





Check
whether the Issuer (1) filed all reports required to be filed by section 13 or
15 (d) of the Exchange Act during the past 12 months (or for a shorter period
that Siga Resources, Inc. was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.





(1)   Yes
      [X]
            No
      [ ]
            (2)
            Yes
      [X]    No
  [   ]





Check if
there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of Siga Resources, Inc. knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K. [    ]





State
      issuer’s revenues for its most recent fiscal year:
            $  -0-





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





State the
aggregate market value of the voting stock held by nonaffiliates of Siga
Resources, Inc.  The aggregate market value shall be computed by
reference to the price at which the stock was sold, or the average bid and asked
prices of such stock, as of a specific date within the past 60
days.








-1-





As at
July 31, 2008, the aggregate market value of the voting stock held by
nonaffiliates is undeterminable and is considered to be 0.





(ISSUER
INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE LAST FIVE YEARS)





Not
applicable





(APPLICABLE
ONLY TO CORPORATE COMPANYS)





As of
August 15, 2008, Siga Resources, Inc. has 43,785,000 shares of common stock
issued and outstanding.





DOCUMENTS
INCORPORATED BY REFERENCE





Exhibits
incorporated by reference are referred under Part IV.











-2-










TABLE
OF CONTENTS





PART 1


Page





ITEM
      1.
            DESCRIPTION
      OF BUSINESS
            4ITEM
      2.
            DESCRIPTION
      OF PROPERTY
            9ITEM
      3.
            LEGAL
      PROCEEDINGS
            13ITEM
      4.
            SUBMISSION
      OF MATTERS TO VOTE OF SECURITIES HOLDERS
            13PART IIITEM
      5.
            MARKET
      FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
            13ITEM
      6.
            MANAGEMENT’S
      DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
            13ITEM
      7.
            FINANCIAL
      STATEMENTS
            17ITEM
      8.
            CHANGES
      IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
      DISCLOSURE
            18ITEM
      8A
            CONTROLS
      AND PROCEDURES
            18PART IIIITEM
      9.
            DIRECTORS,
      EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS, COMPLIANCE WITH
      SECTION 16 (a) OF THE EXCHANGE ACT
            18ITEM
      10.
            EXECUTIVE
      COMPENSATION
            21ITEM
      11.
            SECURITY
      OWNERSHIP OF CERTAIN BENEFICAL OWNERS AND MANAGEMENT AND RELATED
      STOCKHOLDERS MATTERS
            21ITEM
      12.
            CERTAIN
      RELATIONSHIPS AND RELATED TRANSACTIONS
            23PART IVITEM
      13.
            EXHIBITS
      AND REPORTS ON FORM 8-K
            24ITEM
      14
            PRINCIPAL
      ACCOUNTANTS FEES AND SERVICES
            25SIGNATURES
            27














-3-








PART
1







ITEM
      1.  DESCRIPTION OF
BUSINESS







History
and Organization





We were
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.  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 sole
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. We own no property
other than the Valolo 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 fall of 2008.





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 8 Nairal Road, Ralwai, Suva, Fiji.Our
telephone number is (679) 338-6092.





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





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.   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 form an
integral part of the financial statements, which are attached
hereto.






-4-







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
10K 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 OTCBB.





RISK
FACTORS




An
investment in our common stock involves an exceptionally high degree of risk and
is extremely speculative. In addition to the other information regarding Siga
contained in this Form 10K, you should consider many important factors in
determining whether to purchase the shares in our Company.  The
following risk factors reflect the potential and substantial material risks
which could be involved if you decide to purchase shares.




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.




While we
were incorporated in 2007, we have not yet conducted any exploration
activities.  We have not generated any revenues. We have no
exploration history upon which you can evaluate the likelihood of our future
success or failure.  Our net loss from inception to July 31, 2008, the
date of our most recent audited financial statements is $79,883.  Our
ability to achieve profitability and positive cash flow in the future is
dependent upon




*
            our
      ability to locate a profitable mineral property*
            our
      ability to locate an economic ore reserve*
            our
      ability to develop and profitably mine a mineral
  property*
            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 may cause us
to go out of business.




We have no known
ore reserves and we cannot guarantee we will find any gold and/or silver
mineralization
or, if we find gold and/or silver mineralization, that it may be economically
extracted. If we fail to find any gold and/or silver mineralization or if we are
unable to find gold and/or silver mineralization that may be economically
extracted, we will have to cease operations.




We have
no known ore reserves. Even if we find gold and/or silvermineralizationwe
cannot guarantee that any gold and/or silver mineralizationwill
be of sufficient quantity so as to warrant recovery. Additionally, even if we
find gold and/or silver mineralizationin
sufficient quantity to warrant recovery, we cannot guarantee that the ore will
be recoverable. Finally, even if any gold and/or silvermineralizationis
recoverable, we cannot guarantee that this can be done at a profit. Failure to
locate gold deposits in economically recoverable quantities will cause us to
cease operations.






-5-






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 sole 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.




Because
our officers and directors do not have technical training or experience in
starting, and operating an exploration company nor in managing a public company,
we will have to hire qualified personnel to fulfill these functions. If we lack
funds to retain such personnel, or cannot locate qualified personnel, we may
have to suspend or cease exploration activity or cease operations which will
result in the loss of your investment.




None of
our management team has experience exploring for minerals, starting and
operating a mineral exploration company, nor do they have training in these
areas.  As a result their decisions and choices may not take into
account standard managerial approaches mineral exploration companies commonly
use. Consequently our ultimate financial success could suffer irreparable harm
due to certain of management's lack of experience.  Additionally, our
officers and directors have no direct training or experience in managing and
fulfilling the regulatory reporting obligations of a ‘public company’ like
Siga.  We will have to hire professionals to undertake these filing
requirements for Siga and this will increase the overall cost of operations. As
a result we may have to suspend or cease exploration activity, or cease
operations altogether, which will result in the loss of your
investment.




If
we don't raise enough capital 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 with our cash
on hand, 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.  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.




Since we are
small and have limited capital, we must limit our exploration and as a result
may not find an ore body. Without an ore
body, we cannot generate revenues.




The
possibility of 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 professional engineers and
geologists.  We are small company 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 beyond our control.  These factors
include, but are not limited to:




●
            Market
      prices for the minerals to be produced;●
            Costs
      of bringing the Valolo into production including exploration preparation
      of production feasibility studies and construction of production
      facilities;●
            Political
      climate and/or governmental regulations and
  controls;









-6-









●
            Ongoing
      costs of production;●
            Availability
      and cost of financing; and●
            Environmental
      compliance regulations and
restraints.




These
types of programs require substantial capital. 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.




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.




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.




We have
made no attempt 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 begin to undertake exploration activity, expected later this year.
Competition and unforeseen limited sources of supplies in the industry could
result in occasional spot shortages of equipment and/or supplies we need to
conduct our planned exploration work.  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.




No
matter how much money is spent on the Valolo Claim, the risk is that we might
never identify a commercially viable ore reserve.





Over the
coming years, we might expend considerable capital on exploration of the Valolo
Claim without finding anything of value.  It is very likely the Valolo
Claim does not contain any reserves so any funds spent on exploration will
probably be lost.  No matter how much money is spent on the Valolo
Claim, we might never be able to find a commercially viable ore
reserve.




Even
if our property were found to contain a deposit, since we have not put a mineral
deposit into production before, we will have to acquire outside expertise. If we
are unable to acquire such expertise we may be unable to put our property into
production and our shareholders will loss their entire investment.




We have
no experience in placing mineral deposit properties into production, and our
ability to do so will be dependent upon using the services of appropriately
experienced personnel or entering into agreements with other major resource
companies that can provide such expertise. There can be no assurance that we
will have available to us the necessary expertise when and if we place a mineral
deposit into production.






-7-









Mineral
exploration and development activities are inherently risky and 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.  Most exploration projects do not result in the discovery
of commercially mineable deposits of ore.  The Valolo Claim, our sole
property, does not have a known body of commercial ore. Should our mineral claim
be found to have commercial quantities of ore, we would be subject to additional
risks respecting any development and production activities. Unusual or
unexpected formations, formation pressures, fires, power outages, labour
disruptions, flooding, explosions, cave-ins, landslides and the inability to
obtain suitable or adequate machinery, equipment or labour 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. There are also physical risks to the
exploration personnel working in the rugged terrain of our claim. 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.




Even
with positive results during exploration, the Valolo Claim might never be put
into commercial production due to inadequate tonnage, low metal prices or high
extraction costs.





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 is in excess of the selling
price of such minerals, we would not be able to develop the
claim.  Accordingly even if ore reserves were found on the Valolo
Claim, without sufficient tonnage we would still not be able to economically
extract the minerals from the claim in which case we would have to abandon the
Valolo Claim and seek another mineral property to develop, or cease operations
altogether.




Risks
Associated with our Shares:




Our
officers and directors own a substantial amount of our common stock and will
have substantial influence over our operations.




Our
directors and officers currently own 26,250,000 shares of common stock
representing approximately 60% of our outstanding shares.  Our
directors and officers have registered for resale under an effective
registration statement 2,625,000 of their shares.  Assuming that such
directors and officers sell their 2,625,000 shares, they will still own
23,625,000 shares of common stock representing approximately 54% of our
outstanding shares.  As a result, they will have substantial influence
over our operations and can effect certain corporate transaction without further
shareholder approval.  This concentration of ownership may also have
the effect of delaying or preventing a change in control.





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 may
seek additional funds through the sale of our common stock.  This will
result in a dilution effect to our shareholders whereby their percentage
ownership interest in our 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.








-8-






Since 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 10K, it contains
forward-looking statements which involve risk and uncertainties.  When
used in this prospectus, 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 10K including financial statements, attachments and risk factors before
considering an investment.










ITEM
      2. DESCRIPTION OF PROPERTY







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 cover an area of approximately 72.5 hectares (approximately 179
acres).







-9-






Our
Business




We intend
to undertake exploration work on the Valolo Claim, located near the town of
Korovou, in the Republic of Fiji.




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.




Description
of Property




Particulars
of the Valolo Claim, our sole mineral property follow.




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’ consisting of tholetic
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 east of the town of Korovou and are principal host rocks for gold veins at
the previously mentioned Nasoata Gold Mine.




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 previously
mentioned 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.






-10-






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 2008.




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.




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.






-11-






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
thereunder 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 his 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.






-12-







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 director is
able to invest or additional funds held by Siga.   Presently Siga
does not have any excess funds to invest.







ITEM
      3. LEGAL PROCEEDINGS







There are
no legal proceedings to which Siga is a party or to which the Valolo claim 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 has not set a date for an Annual General
Meeting of Stockholders





ITEM
      5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
      MATTERS







Since
inception, there has been no established trading market for Siga’s common stock
nor has 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, 2008, Siga had 37 shareholders; two of these shareholders are an
officers 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.  MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF
OPERATION




We are a
start-up, pre-exploration stage company.  We have a limited operating
history and have not yet generated or realized any revenues from our
activities.  We have yet to undertake any exploration activity on our
sole property, the Valolo Claim.   As our property is in the
early stage of exploration and there is no reasonable likelihood that revenue
can be derived from the property in the foreseeable future.




We have
not generated any revenues and no revenues are anticipated until we begin
removing and selling minerals, if ever. Accordingly, we must raise cash from
sources other than the sale of minerals found on the Valolo Claim. That cash
must be raised from other sources. Our only other source for cash at this time
is investment by others in the Company.  We must raise cash to
implement our planned exploration program and stay in business.






-13-






Since our
business activity is related solely to the exploration and evaluation of the
Valolo Claim, it is the opinion of management that the most meaningful financial
information relates primarily to current liquidity and
solvency.   As at July 31, 2008, we had working capital
deficiency of $27,983.  As can be determined from the following table
the Company will require cash injections of approximately $30,797 to enable the
Company to meet its anticipated expenses over the next twelve
months.   The directors and officers have committed to advance up
to a further $20,000 cash in order that we are adequately funded for the
forthcoming twelve months.





Our
future financial success will be dependent on the success of the exploration
work on the Valolo Claim.   Such exploration may take years to
complete and future cash flows, if any, are impossible to predict at this
time.   The realization value from any mineralization, if any,
which may be discovered by us is largely dependent on factors beyond our control
such as the market value of metals produced, mining regulations in the Republic
of Fiji and foreign exchange rates.





Our
capital commitments for the next twelve months consist of expenses associated
with the completion of Phase I of our exploration program, estimated at
$30,797.   Including Phase I work, we will have to incur the
following estimated expenses over the next twelve months:





Expenses
            Amount
            
            DescriptionAccounting
      & Audit
            $  3,500
            
            Fees
      to the internal accountant for preparing the quarter and annual working
      papers for the financial statements to be reviewed and examined by the
      independent accountants.Audit
            4,000
            
            Review
      of the quarterly financial statements and examination of the annual
      financial statements and rendering an opinion thereon.Bank
      charges
            180
            
            Estimated
      bank chargesExploration
            10,900
            
            Commencement
      of Phase I – partial expenditureFiling
      fees
            175
            
            Annual
      fee to the Secretary of State for NevadaOffice
            500
            
            Photocopying,
      delivery and fax expensesTransfer
      agent’s fees
            1,500
            
            Preparation
      of share certificates and other documents periodically required by the
      CompanyEstimated
      expenses
            $
      20,755Accounts
      Payable–
      July 31, 2008
            12,067
            
            Represents
      the amounts owed to third party creditors.Total
      estimated cash
            32,822Less:
      cash on hand – July 31, 2008
            (2,025)Cash
      required
            $  30,797





As
indicated above, we intend to offset the cash shortfall of $30,797 by future
advances of cash of approximately $20,000 to the Company committed to by our
directors and officers.   As can be determined form the above
there are not sufficient funds to allow the Company to meet
its  financial obligations.  Other sources of funds will
have to be identified by the directors.




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 our claim.




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








-14-




Our
engineer has recommended a two-phase exploration program for the Valolo
Claim.  However, even if Phase I results suggest Phase II work is
warranted, we do not presently have the requisite funds and so will be unable to
complete anything beyond Phase I of the recommended exploration program until we
raise more money or find a joint venture partner to complete the exploration
work.  If we cannot find a joint venture partner and do not raise more
money, we will be unable to complete any work beyond Phase I of the exploration
program recommended by our engineer.  If we are unable to finance
additional exploration activities, we have no other plans.  We do not
intend to hire any employees at this time. All of the work on the Valolo Claim
will be conducted by unaffiliated independent contractors that we will hire. The
independent contractors will be responsible for surveying, exploration, and
excavation.  We may engage a geologist to assist in evaluating the
information derived from the exploration and excavation including advising us on
the economic feasibility of removing any mineralized material we may
discover.




Limited Operating History; Need for
Additional Capital




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.  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 claim, and possible cost overruns due
to price and cost increases in services.




Should we
be successful in our initial exploration activities, in order to become
profitable and competitive, we anticipate the need to invest considerable time
and capital in the exploration of our claim before we could start production of
any minerals we may find. We must obtain additional 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 may be unable to commence,
continue, develop or expand our exploration activities. Even if available,
equity financing could result in additional dilution to existing
shareholders.




Overview




Our
financial statements contained herein have been prepared on a going concern
basis, which assumes that we will be able to realize our assets and discharge
our obligations in the normal course of business. We incurred a net loss, for
the period from the inception of our business on January 18, 2007 to July 31,
2008, of $79,883.  We did not earn any revenues during the
aforementioned period.




Our
financial statements included in this Form 10K have been prepared without any
adjustments that would be necessary if we become unable to continue as a going
concern and are therefore required to realize upon our assets and discharge our
liabilities in other than the normal course of operations.




We are
presently in the pre-exploration stage and there is no assurance that a
commercially viable mineral deposit, a reserve, exits in the Valolo Claim until
further exploration work is done and a comprehensive evaluation concludes
economic and legal feasibility.




Results
of Operations - Year ended July 31, 2008.




For the
period from January 18, 2007 (date of inception) to July 31, 2008, we had
accumulated  losses of $79,883.   This represents a net
loss of $0.002 per share for the period based on a weighted average number of
shares outstanding of 43,785,000.





For the
year ended July 31, 2008 we had operating losses of $57,224 which comprised the
following expenses:






-15-










Expense
            Amount
            
            DescriptionAccounting
      and audit
            $
      8,725
            
            Preparation
      of working papers for the periods ended October 31, 2007, January 31 and
      April 30, 2008 and for the fiscal year ended July 31, 2008 ($4,725) for
      submission to our independent accountants for their review and examination
      of the financial statements ($4,000).Bank
      charges
            304
            
            Includes
      the printing of the Company’s checks.Consulting
      fees
            14,500
            
            We
      engaged the services of an independent consultant to prepare a Form SB-2
      registration statement at a cost of $15,000 of which $2,500 was paid as at
      July 31, 2007.  In addition the cost of the forward splitting
      our share capital was $2,000.Edgarizing
            2,648
            
            Edgarizing
      various forms and documents for filing with the SEC.Filing
      fees
            1,478
            
            Application
      for a Fijian mining license and increase in the authorized share capital
      of Siga.Legal
      fees
            8,318
            
            Legal
      services for opinion for registration statement and other general
      corporate matters.Office
      and general
            1,534
            
            General
      office expenses including photocopying, courier and faxing
      documents.Telephone
            1,800
            
            The
      Company does not presently pay telephone expense but recognizes a charge
      as an expense to operations and credits ‘Capital In Excess of Par
      Value’.  Such charges will never be paid out to directors in
      stock or cash.Management
      Fees
            12,000
            
            The
      Company does not presently pay management fees but recognizes a charge as
      an expense to operations and credits ‘Capital In Excess of Par
      Value’.  Such charges will never be paid out to directors in
      stock or cash.Rent
            3,600
            
            The
      Company does not presently pay rent but recognizes a charge as an expense
      to operations and credits ‘Capital In Excess of Par Value’. Such charges
      will never be paid out to directors in stock or cash.Transfer
      agent fees
            2,317
            
            Issuance
      of shares to shareholders and other general matters$
      57,224




Our
Planned Exploration Program




We must
conduct exploration to determine what amounts of minerals exist on the Valolo
Claim and if such minerals can be economically extracted and profitably
processed.




Our
planned exploration program is designed to efficiently explore and evaluate our
claim.




Our
anticipated exploration costs over the next twelve months on the Valolo Claim
are approximately $10,900. This figure represents the anticipated cost to us of
completing the Phase I of the Bhatt Report.  Should the results of the
Phase I work be sufficiently encouraging to justify our undertaking the Phase II
program we recognize that, in order to undertake Phase II (at an estimated cost
of a further $13,860), we will have to raise additional investment capital as
our cash on hand is fully committed to other ongoing administrative expenses of
the Company.








-16-






Balance
Sheet as at July 31, 2008




Total
cash and cash equivalents, as at July 31, 2008, was $2,025.  Our
working capital deficiency as at July 31, 2008 was $27,983 when taking into
consideration $17,932 owed to related parties.




Our
working capital was derived from the completion of an initial seed capital
offering to directors, which raised $750 and a second private placement on July
31, 2007 raising a further $25,050.    No revenue was
generated during these periods.




Total
shareholders’ deficiency as at July 31, 2008 was $27,983.  Total
shares outstanding as at July 31, 2008 was 43,785,000.




As of
August 15, 2008 share capital outstanding was 43,785,000 common
shares.




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  under ‘Risk Factors’ on page 5.




Critical
Accounting Policies




Our
discussion and analysis of its 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 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.




Our intended exploration activities are
dependent upon our ability to obtain third party financing in the form of debt
and equity and ultimately to generate future profitable exploration activity or
income from its investments. As of July 31, 2008, we have not generated
revenues, and have experienced negative cash flow from mineral exploration
activities. 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.







ITEM
7.   FINANCIAL STATEMENTS




The
financial statements attached to this Form 10-K for the year ended July 31, 2008
have been examined by our independent accountants, Madsen & Associates CPA’s
Inc. and attached hereto.








-17-





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




During
the year ended July 31, 2008, 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
8A – CONTROLS AND PROCEDURES




(a)           Evaluation of Disclosure
Controls and Procedures





Our Chief
Executive Officer and our Chief Financial Officer, after evaluating the
effectiveness of Siga’s controls and procedures (as defined in the Securities
Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e) as of the end of the period
covered by this annual report on Form 10K (the “Evaluation Date”), have
concluded that as of the Evaluation Date, Siga’s disclosure controls and
procedures were adequate and effective to ensure that material information
relating to it would be made known to it by others, particularly during the
period in which this annual report on Form 10K was being prepared.





(b)           Changes in Internal
Controls





There
were no changes in Siga’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.




PART
111




ITEM
9.  DIRECTORS AND EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS;
COMPLIANCE WITH SECTION 16 (a) OF THE EXCHANGE ACT




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




Name
      andAddress
            Position(s)
            AgeArun
      Kumar
              #
      8Nairal Rd., Suva, Fiji
            Chief
      Executive Officer, President
              and
      Director (1)
            37Rohit
      R. Singh
              Verata,
      Nausori, GPO Box 1004, Suva, Fiji
            Chief
      Financial Officer, Chief Accounting Officer,
      Secretary-Treasurer  and Director (2)
            35








-18-








(1)
            Arun
      Kumar was appointed a director on January 18, 2007, and President and
      Principal Executive Officer on January 19, 2007.(2)
            Rohit
      Singh also became a director on January 18, 2007 and
      was  appointed Secretary Treasurer and Chief Financial Officer
      on  January 19, 2007.




Background of officers and
directors




ARUN
KUMAR has been the President and Director of the Company since January
2007.  Mr. Kumar has taken training in Fijian constitutional and
government law. Since 1992 he has been employed as a paralegal with the firm of
Sherani & Co, a law firm in Suva, Fiji.





ROHIT
SINGH has been a director and Secretary Treasurer of the Company since January
2007.  Since 1998 Mr. Singh has been employed as a conveyancing clerk
with the law firm of Sherani & Co. a law firm in Suva, Fiji.





None of
our officers and directors work full time for our company.  Arun Kumar
spends approximately 24 hours a month on administrative and accounting
matters.  Mr. Kumar’s time on Company affairs is expected to continue
at this pace for the foreseeable future. As Secretary Treasurer, Rohit Singh
spends approximately 16 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 Audit Committee




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 Arun Kumar, our President and Chairman of the audit
committee, and Rohit Singh our Chief Financial Officer and Secretary Treasurer
neither of whom are independent.  Neither Mr. Kumar nor Mr. Singh can
be considered an “audit committee financial expert” as defined in Item 401 of
Regulation S-B.  The Company does not presently have, among its
officers and directors, a person meeting these qualifications and given the our
financial conditions, does not anticipate in seeking an audit committee
financial expert in the near future.  However Mr. Kumar, Chairman of
the Audit Committee, has engaged the services of an independent Chartered
Accountant as a consultant to provide advice to the Audit Committee as and when
the committee meets to review the Company’s financial statements.





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.  Our Audit Committee has
held one meeting.





Conflicts
of Interest





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 Business Conduct and Ethics.
Siga’s Code of Business Conduct and Ethics 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
stakeholders. Our Code of Business Conduct and Ethics addresses general business
ethical principles and other relevant issues.






-19-







Significant
Employees





We have
no paid employees.  Our Officers and Directors fulfill many functions
that would otherwise require Siga to hire employees or outside
consultants.  We anticipate engaging the services of workers to assist
in the exploration of the Valolo Claim.  We expect to engage a field
worker(s) to assist in conduct the Phase I exploration work to undertaken on the
Valolo Claim by no later than the late fall of 2008.  Any field
workers we engage will not be considered employees 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 these individuals will no longer be
required to fulfill such functions.





Family
Relationships





Our
President and our Chief Financial Officer and Secretary Treasurer are
unrelated.





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.






-20-







(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
10.   EXECUTIVE COMPENSATION








COMPENSATION
DISCUSSION AND ANALYSIS





General
Philosophy





The
Company’s Board of Directors is responsible for establishing and administering
the Company’s executive and director compensation.  Currently, in
light of the Company’s cash position and anticipated expenses in the near
future, neither of the officers nor directors of the Company are
compensated.





Compensation
Summary





The
following table summarizes all compensation earned by or paid to our Chief
Executive Officer and other executive officers, during the period from inception
to July 31, 2008.





Summary Compensation
      Table





Name and principal position
            Year
            Salary
            Option Award
            All Other Compensation
            TotalArun
      Kumar
              Chief
      Executive Officer,  President and Director
            2007
              2008
            0
              0
            0
              0
            0
              0
            0
              0Rohit
      Singh
              Chief
      Financial Officer, Secretary, Treasurer and Director
            2007
              2008
            0
              0
            0
              0
            0
              0
            0
              0




Compensation
of Directors and Officers




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.





ITEM
11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT





The
following table sets forth, as at August 15, 2008, 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 shareholder listed below has direct ownership of his/her
shares and possesses sole voting and dispositive power with respect to the
shares.






-21-









Title
      orClass
            Name
      and Address ofBeneficial Owner
            Amount
      ofBeneficialOwnership (1)
            Percent
      ofClassCommon
              Stock
            Arun
      Kumar
              # 8
      Nairal Rd.,GPO
      Box 697, Suva, Fiji
            17,500,000
            39.97%Common
              Stock
            Rohit
      Singh
              Verata,
      Nausori,GPO
      Box 1004, Suva, Fiji
            8,750,000
            19.98%CommonStock
            Directors
      and Officers as aGroup
      (2 persons)
            26,250,000
            59.95%





(1)
            Unless
      otherwise noted, the security ownership disclosed in this table is of
      record and beneficial.





Future
      Sales by Existing Shareholders




As of
August 15, 2008 there are a total of 43,785,000 shares of our common stock
issued and outstanding. Of these, all 43,785,000 shares, being 100% of our
issued shares, the number of ‘restricted shares’ as defined in Rule 144 of the
Securities Act of 1933 is 23,625,000. These “restricted shares” are held as
follows:




Arun
      Kumar
            15,750,000
      sharesRohit
      Singh
            7,875,000 sharesTotal
      restricted shares
            23,625,000
shares





Under our
registration we qualified as free trading 2,625,000 common shares held by our
officers and directors as free trading.






DESCRIPTION OF
SECURITIES




Our
authorized capital consists of 500,000,000 shares of common stock, par value
$0.001 per share, of which 43,785,000 shares are issued and
outstanding.





The
holders of our common stock are entitled to receive dividends as may be declared
by our Board of Directors; are entitled to share ratably in all of our assets
available for distribution upon winding up of the affairs our Company; and are
entitled to one non-cumulative vote per share on all matters on which
shareholders may vote at all meetings of the shareholders.





The
shareholders are not entitled to 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.





Dividend
Policy





As of the
date of this prospectus we have not paid any cash dividends to
stockholders.  The declaration of any future cash dividends, if any,
will be at the discretion of the Board of Directors and will depend on our
earnings, if any, capital requirements and financial position, general economic
conditions and other pertinent conditions.  It is our present
intention not to pay any cash dividends in the near future.






-22-







Transfer
Agent





We have
engaged the services of Action Stock Transfer Corporation, 7069 S. Highland
Drive, Suite 300, Salt Lake City, UT., 84121 to act as transfer and
registrar.





Employment
Agreements with Executive Officers and Directors





There are
no employment agreements with any officers or directors other than the money
payment to them as more fully described elsewhere in this Form 10K.





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





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).  No officer or director has filed a Form 3
with the SEC during the period under review.








ITEM
12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS




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 $60,000, 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.






-23-







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 $60,000 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.





Transactions
with Promoters





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





PART
IV




ITEM
13. EXHIBITS AND REPORTS ON FORM 8-K




(a)  (1)                         Financial
Statements.The following financial statements are included in
this report:





Title of Document
            PageReport
      of Madsen & Associates, CPA’s Inc.
            28Balance
      Sheets as at July 31, 2008 and 2007
            29Statement
      of Operations for the year ended July 31, 2008 and for the period from
      January 18, 2007 (date of inception) to July 31, 2007 and for the period
      from January 18, 2007 (date of inception) to July 31, 2008
            30Statement
      of Changes in Shareholders’ Equity for the period from January 18, 2007
      (date of inception) to July 31, 2008
            31Statement
      of Cash Flows for the year ended July 31, 2008 and for the period from
      January 18, 2007 (date of inception) to July 31, 2007 and for the period
      from January 18, 2007 (date of inception) to July 31, 2008
            32Notes
      to the Consolidated Financial Statements
            33








(a)  (2)   Financial Statement
Schedules





The
following financial statement schedules are included as part of this
report:





None.











-24-








(a)  (3)   Exhibits





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





3.1
            
            Certificate
      of Incorporation (incorporated by reference from Siga’s Registration
      Statement on Form SB-2 filed on September 5, 2007, Registration No.
      333-145879)3.2
            
            Articles
      of Incorporation (incorporated by reference from Siga’s Registration
      Statement on Form SB-2 filed on September 5, 2007, Registration
      No.333-145879)3.3
            
            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)







ITEM
14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES


(1)           Audit
Fees





The
aggregate fees billed by the independent registered accountants for the year
ended July 31, 2008 for professional services for the review of the quarterly
financial statements as at October 31, 2007, January 31 and April 30, 2008 and
annual financial statements as of July 31, 2008 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, 2007, January 31 and April 30, 2008
and $2,500 for the audit of July 31, 2008.





(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, 2008 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, 2008 there were no other fees charged by
the principal accountants other than those disclosed in (1) and (3)
above.








-25-








(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.








-26-








SIGNATURES




In accordance with the requirements of
the Exchange Act, the registrant caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.





SIGA RESOURCES, INC.(Registrant)Date:
      September 2, 2008
            ARUN
      KUMARChief
      Executive Officer, President and DirectorDate:
      September 2, 2008
            ROHIT
      SINGHChief Financial Officer, Chief Accounting
              Officer,
      Secretary and Director











-27-










MADSEN & ASSOCIATES CPA’s
      INC.
            684
      East Vine Street, #3Certified
      Public Accountants and Business Consultants
            Murray,
      Utah, 84107Telephone
      801-268-2632Fax
      801-262-3978





Board of
Directors


Siga
Resources, Inc.




REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM





We have
audited the accompanying balance sheets of Siga Resources, Inc. (pre-exploration
stage company) at July 31, 2008 and 2007, and the related statement of
operations, changes in stockholders' equity, and cash flows for the year ended
July 31, 2008 and period from January 18, 2007 (date of inception) to July 31,
2007 and for period from January 18, 2007 (date of inception) to July 31, 2008.
These financial statements are the responsibility of the Company's management.
Our responsibility is to express an opinion on these financial statements based
on our audit.





We
conducted our audit 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 purposes
of expressing an opinion on the effectiveness for the company’s internal control
over financial reporting.   Accordingly, we express no such
opinion.  An audit includes examining, on a test basis, evidence
supporting the amounts and disclosure in the financial statements.  An
audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statements presentation. We believe that our audit provides 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. at July 31,
2008 and 2007, and the results of operations and cash flows for year ended July
31, 2008 and for the period from January 18, 2007 (date of inception) to July
31, 2007 and for the period from January 18, 2007 (date of inception) to July
31, 2008, in conformity with generally accepted accounting
principles.





The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern. The Company will need additional working
capital for its planned activities and to service its debt, 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.














Murray,
Utah                                                                           MADSEN & ASSOCIATES,
CPA’s INC.


August
28, 2008








-28-











SIGA
RESOURCES, INC.


(A
Pre-exploration Stage Company)


BALANCE
SHEETS











July
      31,2008
            July
      31,2007ASSETSCURRENT
      ASSETSCash
            $    2,025
            $  23,285Total Current
    Assets
            $      2,025
            $  23,285LIABILITIES
      AND STOCKHOLDERS’ DEFICIENCYCURRENT
      LIABILITIESAccounts payable
            $     12,076
            $   5,405Accounts payable – related
      parties
            17,932
            6,039Total Current
      Liabilities
            30,008
            11,444STOCKHOLDERS’
      DEFICIENCYCommon
      stock500,000,000 shares authorized, at
      $0.001 par value;43,785,000 shares issued and
      outstanding
            43,785
            43,785Capital in excess of par
      value
            8,115
            (9,285)Deficit accumulated during the
      pre-exploration stage
            (79,883)
            (22,659)Total Stockholders’
      Deficiency
            (27,983)
            11,841$     2,025
            $  23,285











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











-29-










SIGA
RESOURCES, INC.


(A
Pre-exploration Stage Company)


STATEMENT
OF OPERATIONS





For year
ended July 31, 2008 and for the period from January 18, 2007 (date on inception)
to July 31, 2007 and for the period from January 18, 2007 (date of inception) to
July 31, 2008








For
      the yearended
              July 31, 2008
            FromJanuary
      18,2007
              (date
      ofinception)
      to
              July 31, 2007
            From
      January 18,2007
              (date
      ofinception)
      to
              July 31, 2008REVENUES
            $  -
            $
      -
            $  -EXPENSESAcquisition,
      staking and geological report
            -
            5,000
            5,000Administrative
            57,224
            17,659
            74,883NET
      LOSS FROM OPERATIONS
            $
      (57,224)
            $(22,659)
            $
      (79,883)NET
      LOSS PER COMMON SHAREBasic
      and diluted
            $    (0.00)
            $  (0.00)AVERAGE
      OUTSTANDING SHARESBasic
            43,785,000
            43,785,000










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








-30-








SIGA
RESOURCES, INC.


(Pre-Exploration
Stage Company)


STATEMENT
OF CHANGES IN STOCKHOLDERS' EQUITY





Period January
18, 2007 (date of inception) to July 31, 2008





Common
              Shares
            Stock
              Amount
            Capital
      inExcess
      of
              Par Value
            Accumulated
              DeficitBalance 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 - expenses
            -
            -
            8,700
            -Net
      operating loss for the period January 18, 2007 (date ofInception)
      to July 31, 2007
            -
            -
            -
            (22,659)Capital
      contributions - expenses
            -
            -
            17,400
            -Net
      operating loss for the year ended July 31, 2008
            -
            -
            -
            (57,224)Balance
      as at July 31, 2008
            43,785,000
            $    43,785
            $   8,115
            $    (79,883)








The
accompanying notes are an integral part of these financial
statements








-31-










SIGA
RESOURCES, INC.


(A
Pre-exploration Stage Company)


STATEMENT
OF CASH FLOWS





For the
year ended July 31, 2008 and from January 18, 2007 (date of inception) to July
31, 2007 and for the period from January 18, 2007 (date of inception) to July
31, 2008





Yearended
              July
      31,2008
            From
      January 18,2007
              (date
      ofinception)
      to
              July 31, 2007
            FromJanuary
      18,2007
              (date
      of inception) to
              July 31, 2008CASH
      FLOWS FROM OPERATINGACTIVITIES:Net
      loss
            $
      (57,224)
            $   (22,659)
            $  (79,883)Adjustments
      to reconcile net loss to net cash
              provided
      by operating activities:Changes
      in accounts payable
            6,671
            5,405
            12,076Capital
      contributions – expenses
            17,400
            8,700
            26,100Net
      Cash  Provided (Used) in Operations
            (33,153)
            (8,554)
            (41,707)CASH
      FLOWS FROM INVESTINGACTIVITIES:Proceeds from loan from related
      party
            11,893
            6,039
            17,932CASH
      FLOWS FROM FINANCINGACTIVITIESProceeds from issuance of common
      stock
            -
            25,800
            25,800Net
      (Decrease) Increase in Cash
            (21,260)
            23,285
            2,025Cash
      at Beginning of Period
            23,285
            -
            -CASH
      AT END OF PERIOD
            $  2,025
            $   23,285
            $  2,025














The
accompanying notes are an integral part of these financial
statements





-32-







SIGA
RESOURCES, INC.


(A
Pre-exploration Stage Company)


NOTES
TO FINANCIAL STATEMENTS


July 31,
2008





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 development
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 the common share rights unless
      the exercise becomes antidulutive 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.





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.







-33-







SIGA
RESOURCES, INC.


(A
Pre-exploration Stage Company)


NOTES
TO FINANCIAL STATEMENTS


July 31,
2008





2.           SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES - Continued





Income Taxes -
continued





On July
31, 2008 the Company had a net operating loss carry forward of $79,883 for
income tax purposes.  The tax benefit of approximately $24,000 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.  Losses
will expire on 2029.





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 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.





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.





Unproven Mining Claim
Costs





Cost of
acquisition, exploration, carrying and retaining unproven properties are
expensed as incurred.






-34-






SIGA
      RESOURCES, INC.


(A
Pre-exploration Stage Company)


NOTES
TO FINANCIAL STATEMENTS


July 31,
2008





2.           SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES - Continued





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.





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.





3.           AQUISITION
OF MINERAL CLAIM





On
      March 11, 2007, the Company acquired the Valolo Gold Claim located in the
      Republic of Fiji for the consideration of $5,000 including a geological
      report.  The Valolo Gold 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.





4.           SIGNIFICANT
TRANSACTIONS WITH RELATED PARTY





Officers-directors
and their families have acquired 60% of the common stock issued and have made no
interest, demand loans to the Company of $17,932 and have made contributions to
capital of $26,100 in the form of expenses paid for the Company.





5.           CAPITAL
STOCK





On July
11, 2007, Company completed a private placement consisting of 750,000 common
shares sold to directors and officers at a price of $0.001 per share for a total
consideration of $750.  On July 31, 2007, the Company completed a
private placement of 501,000 common shares at $0.05 per share for a total
consideration of $25,050.





On
      January 16, 2008, the directors of the Company approved a resolution to
      forward split the common shares 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 will need additional working capital to service its debt and to
      develop the mineral claims acquired, 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 equity funding, and long term financing, which will enable the
      Company to operate for the coming
year.









-35-