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

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

|   | For the transaction period from August 1, 2008 to July 31, 2009 |
|--------|-----------------------------------------------------------------|

|   | Commission File Number:   333-145879 |
|--------|-----------------------------------------------------|

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

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

|           8 Nairal Road, Ralwai        |       |
|------------------------------------------------------------------------------------------|------------|
|              Suva, Fiji |       |
|        (Address of principal executive offices)       | (Zip Code) |

|        Registrant’s telephone number                                                      (679)338-6092 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| 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:                                                                             |   |
|------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                     |   |
| None                       |   |
| (Title of Class)                                                                                                                         |   |

----

----

| PART 1     |                                                                                                               | Page     |
|------------|--------------------------------------------------------------------------------------------------------------------|----------|
|       |                                                                                                               |     |
| ITEM 1.    | Business.                                                                                                          | 4        |
|       |                                                                                                               |     |
| ITEM 1A.   | Risk Factors.                                                                                                      | 5        |
|       |                                                                                                               |     |
| ITEM 1B.   | Unresolved Staff Comments.                                                                                         | 9        |
|       |                                                                                                               |     |
| ITEM 2.    | Properties.                                                                                                        | 9        |
|       |                                                                                                               |     |
| ITEM 3.    | Legal Proceedings.                                                                                                 | 13       |
|       |                                                                                                               |     |
| ITEM 4.    | Submission of Matters to Vote of Securities Holders                                                                | 13       |
|       |                                                                                                               |     |
| PART II    |                                                                                                               |     |
|       |                                                                                                               |     |
| ITEM 5.    | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchase of Equity Securities. | 13       |
|       |                                                                                                               |     |
| ITEM 6     | Selected Financial Information.                                                                                    | 14       |
|       |                                                                                                               |     |
| ITEM 7.    | Management’s Discussion and Analysis of Financial Conditions and Results of Operations.                      | 14       |
|       |                                                                                                               |     |
| ITEM 7A.   | Quantitative and Qualitative Disclosure about Market Risk.                                                         | 19       |
|       |                                                                                                               |     |
| ITEM 8.    | Financial Statement and Supplementary Data.                                                                        | 19       |
|       |                                                                                                               |     |
| ITEM 9.    | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.                              | 19       |
|       |                                                                                                               |     |
| ITEM 9A    | Controls and Procedures.                                                                                           | 20       |
|       |                                                                                                               |     |
| ITEM 9A(T) | Controls and Procedures                                                                                            | 21       |
|       |                                                                                                               |     |
| ITEM 9B    | Other information                                                                                                  | 21       |
|       |                                                                                                               |     |
| PART III   |                                                                                                               |     |
|       |                                                                                                               |     |
| ITEM 10.   | Directors, Executive Officers and Corporate Governance.                                                            | 21       |
|       |                                                                                                               |     |
| ITEM 11.   | Executive Compensation.                                                                                            | 24       |
|       |                                                                                                               |     |
| ITEM 12.   | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.                    |  25 |
|       |                                                                                                               |     |
| ITEM 13.   | Certain Relationships and Related Transactions, and Director Independence.                                         | 27       |
|       |                                                                                                               |     |
| ITEM 14    | Principal Accounting Fees and Services.                                                                            | 27       |
|       |                                                                                                               |     |
| PART IV    |                                                                                                               |     |
|       |                                                                                                               |     |
| ITEM 15.   | Exhibits, Financial Statement Schedules                                                                            | 28       |
|       |                                                                                                               |     |
|       | SIGNATURES                                                                                                         | 30       |

----

|   | ITEM 1.  BUSINESS |
|--------|-----------------------------|

----

| 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. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | * | 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.            |

----

| 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. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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 cannotgenerate revenues and our shareholders will lose their investment. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | 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.                                                                                                |

----

| 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. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 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. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 9.   No matter how much money is spent on the Valolo Claim, the risk is that we might never identify a commercially viable ore reserve. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |       10. 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. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 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. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 12.  Because our securities are subject to penny stock rules, you may have difficulty reselling your shares. |
|--------|------------------------------------------------------------------------------------------------------------------------|

----

|   | ITEM 2.   PROPERTIES |
|--------|-------------------------------------|

----

----

----

----

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

| 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 |
|-------------------|--------------------------------------------------|---------------------------------------|

|   | ITEM 3.    LEGAL PROCEEDINGS |
|--------|--------------------------------------------------|

|   | PART II |
|--------|---------|

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

----

|                                          |  For the year endedJuly 31, 2009                                                                                      | January 18, 2007(date of incorporation) toJuly 31, 2009                                                                    |
|-----------------------------------------------|----------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------|
|                                          |                                                                                                                       |                                                                                                                       |
| Revenue                                       | $                    - | $                    - |
| Exploration expenses                          | -                                                                                                                          | 5,000                                                                                                                      |
| General and Administration                    |         36,150                                                                     |      111,033                                                                                      |
| Net loss from operations                      |         36,150                                                                     |      116,033                                                                                      |
|                                          |                                                                                                                       |                                                                                                                       |
| Weighted average shares outstanding (basic)   | 43,785,000                                                                                                                 |                                                                                                                       |
| Weighted average shares outstanding (diluted) | 43,785,000                                                                                                                 |                                                                                                                       |
| Net loss per share (basic)                    | $ (0.00)                                                                                                                   |                                                                                                                       |
| Net loss per share (diluted)                  | $ (0.00)                                                                                                                   |                                                                                                                       |

| Cash and cash equivalent             | $   -                                                                      |   |
|--------------------------------------|---------------------------------------------------------------------------------------------------------------|--------|
| Total assets                         |                   - |   |
| Total liabilities                    |         46,734                                                        |   |
| Total Shareholders’ deficiency | (46,734)                                                                                                      |   |

|   | ITEM 7.      MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------|

----

----

|  Expense                                                                                                                                                                                                                                                                                                                                                                   |  Ref. | EstimatedAmount                                   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|---------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                            |       |                                              |
| Accounting and audit                                                                                                                                                                                                                                                                                                                                                            | (i)        | $       13,000 |
| Edgar filing fees                                                                                                                                                                                                                                                                                                                                                               | (ii)       | 1,000                                             |
| Exploration costs                                                                                                                                                                                                                                                                                                                                                               | (iii)      | 10,900                                            |
| Filing fees – Nevada; Securities of State                                                                                                                                                                                                                                                                                                                                 | (iv)       | 375                                               |
| Office and general expenses                                                                                                                                                                                                                                                                                                                                                     | (v)        | 1,000                                             |
| Transfer agent fees                                                                                                                                                                                                                                                                                                                                                             | (vi)       |   1,000                                 |
| Estimated expenses for the next                                                      twelvemonths |       | 27,275                                            |
| Account payable as at July 31, 2009-unrelated parties                                                                                                                                                                                                                                                                                                                           |       | 17,743                                            |
| Cash required for the next twelve months                                                                                                                                                                                                                                                                                                                                        |       | $  45,018                               |

|   | 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, 2009 | 10-Q   | 1,500                                                       | 500                         | 2,000                     |
| January 31, 2010 | 10-Q   |          1,500 |     500 |   2,000         |
| April 30, 2010   | 10-Q   |      1,500                         | 500                         |    2,000   |
| July 31, 2010    | 10-K   | 4,500                                                       | 2,500                       | 7,000                     |
| Estimated total  |   | $  9,000                                          | $  4,000          | $   13,000 |

----

|   | 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. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------|

|   | 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. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (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. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------|

|   | We have estimated a cost of approximately $1,000 for photocopying, printing, fax and delivery. |
|--------|------------------------------------------------------------------------------------------------|

|   Expenses |   Ref. | Twelve MonthsEnded July 31, 2009                                | Twelve MonthsEndedJuly 31, 2008                             | From inceptionJanuary 18, 2007 toJuly 31, 2009 |
|----------------------|------------------|-----------------------------------------------------------------|-------------------------------------------------------------|------------------------------------------------|
|                 |             |                                                            |                                                        |                                           |
| Accounting and audit | (i)              | $  15,546                                             | $   8,725                                    | $  28,096                            |
| Bank charges         |             | 45                                                              | 304                                                         | 364                                            |
| Consulting           |             | -                                                               | 14,500                                                      | 17,000                                         |
| Exploration costs    |             | -                                                               | -                                                           | 5,000                                          |
| Filing fees          |             | -                                                               | 1,478                                                       | 1,695                                          |
| Incorporation costs  |             | -                                                               | -                                                           | 720                                            |
| Legal                |             | -                                                               | 8,318                                                       | 9,818                                          |
| Management fees      | (ii)             | 12,000                                                          | 12,000                                                      | 30,000                                         |
| Office               | (iii)            | 219                                                             | 1,534                                                       | 1,935                                          |
| Rent                 | (iv)             | 3,600                                                           | 3,600                                                       | 9,000                                          |
| Telephone            | (v)              | 1,800                                                           | 1,800                                                       | 4,500                                          |
| Transfer agent fees  | (vi)             | 2,690                                                           | 2,317                                                       | 5,007                                          |
| Edgar zing           | (vii)            |           250 |          2,648 | 2,898                                          |
|                 |             |                                                            |                                                        |                                           |
| Total                |             | $  36,150                                             | $  57,224                                         | $ 116,033                                      |

----

|   | Auditing and accounting expense represents the cost of the preparation of the financial statements for the three months ended October 31, 2008, the six months ended January 31, 2009, the nine months ended April 30, 2009 and for the fiscal year ended July 31, 2009 and the subsequent review and examination of these statements by our independent accountants. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company does not pay management fees at this time but realizes there is a cost associated with the directors managing the operations of our Company.   Therefore, it accrues as an expense $1,000 per month with an offsetting entry to Capital in Excess of Par Value. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Office expenses during the year were mainly for courier, postage, office supplies, etc. in the amount of $219. |
|--------|----------------------------------------------------------------------------------------------------------------|

|   | We accrued rent similar to management fees with an offsetting entry to Capital in Excess of Par Value.   The monthly amount accrued was $300. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Similar to management fees and rent noted above, we have accrued telephone expense each month $150 with an offsetting entry to Capital in Excess of Par Value. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | ITEM 7A.       QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET   RISK |
|--------|------------------------------------------------------------------------------------------------------------------------------|

| ● | 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; |
|    |                                                                                                              |
| ● | the exploration results on the Valolo Claim, and                                                                  |
|    |                                                                                                              |
| ● | other events which we have no control over.                                                                       |

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

----

----

| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE |
|----------|--------------------------------------------------------|

| Name and Address                                        | Position(s)                                                                                       | Age    |
|---------------------------------------------------------|---------------------------------------------------------------------------------------------------|--------|
|                                                    |                                                                                              |   |
| Arun Kumar#8 Nariral Rd, Suva, Fiji                     | Chief Executive Officer, Presidentand Director (1)                                                | 38     |
|                                                    |                                                                                              |   |
| Rohit R. SinghVerata, Nausori, GPO Box 1004, Suva, Fiji | Chief Financial Officer, Chief AccountingOfficer, Secretary-Treasurer  and Director (2) | 36     |

----

| (1)    | Arun Kumar was appointed a director on January 18, 2007, President and the Chief Executive Officer on the same day.                                               |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                              |
| (2)    | Rohit R. Singh became a director on January 18, 2007 and was appointed Secretary Treasurer, Chief Financial Officer and Chief Accounting Officer on the same day. |

----

| (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: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (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. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |        Long Term Compensation |
|--------|------------------------------------------------------------------|

|   | Annual Compensation | Awards | Payouts |
|--------|---------------------|--------|---------|

| (a)                                         | (b)              | (c)                | (e)                  | (f)                       | (g)                   | (h)                   | (i)                      |
|---------------------------------------------|------------------|--------------------|----------------------|---------------------------|-----------------------|-----------------------|--------------------------|
|  Name andPrincipal  position |   Year |   Salary | Otherannual Comp.($) | Restrictedstock awards($) |  Options/ SAR(#) |  LTIP payouts($) | All othercompensation($) |
|                                        |             |               |                 |                      |                  |                  |                     |

| Arun KumarPresident, CEOand Director            | 200720082009 | -0--0--0- | -0--0--0- | -0--0--0- | -0--0--0- | -0--0--0- | -0--0--0- |
|-------------------------------------------------|--------------|-----------|-----------|-----------|-----------|-----------|-----------|
|                                            |         |      |      |      |      |      |      |
| Rohit SinghSecretary Treasurer, CFOand Director | 200720082009 | -0--0--0- | -0--0--0- | -0--0--0- | -0--0--0- | -0--0--0- | -0--0--0- |

----

|   | Compliance with Section 16 (a) of the Exchange Act |
|--------|----------------------------------------------------|

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

| Title or Class | Name and Address of Beneficial Owner (1)              | Amount of Beneficial  Ownership (2) | Percent of Class |
|----------------|-------------------------------------------------------|-----------------------------------------------|------------------|
|           |                                                  |                                          |             |
| CommonStock    | Arun Kumar#8 Nairal Rd., Raiwai,Suva, Fiji            | 17,500,000                                    | 39.97%           |
|           |                                                  |                                          |             |
| CommonStock    | Rohit SinghNarata, Nausori, GPO, Box 1004, Suva, Fiji | 8,750,000                                     | 19.98%           |
|           |                                                  |                                          |             |
| Common Stock   | Directors and Officers as a Group(2 persons)          | 26,250,000                                    | 59.95%           |

| (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.  Noneof our officers or directors has options, warrants, rights or conversion privileges outstanding. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| - | 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. |
|---|----------------------------------------------------------------------------------------------------------------------------------|

----

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

----

| 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)                                                           |

----

| Title of Document                                                                                                                                   | Page   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                |   |
| Report of Madsen & Associates, CPA’s Inc.                                                                                                 | 31     |
|                                                                                                                                                |   |
| Balance Sheets as at July 31, 2009 and 2008                                                                                                         | 32     |
|                                                                                                                                                |   |
| Statement of Operations for years ended July 31, 2009 and 2008 and for the period from January 18, 2007 (date of inception) to July 31, 2009        | 33     |
|                                                                                                                                                |   |
| Statement of Changes in Shareholders’ Deficiency for the period from January 18, 2007 (date of inception) to July 31, 2009                    | 34     |
|                                                                                                                                                |   |
|  Statement of Cash Flows for years ended July 31, 2009 and 2008 and for the period ended January 18, 2007 (date of inception) to July 31, 2009 | 35     |
|                                                                                                                                                |   |
| Notes to the Financial Statements                                                                                                                   | 36     |

----

----

----

|                                                                                                           |     July 31, 2009                                                  |     July 31, 2008      |
|----------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|--------------------------------------------|
|                                                                                                           |                                                                                   |                                       |
| ASSETS                                                                                                         |                                                                                   |                                       |
|                                                                                                           |                                                                                   |                                       |
| CURRENT ASSETS                                                                                                 |                                                                                   |                                       |
|                                                                                                           |                                                                                   |                                       |
| Cash                                                                                                           | $              - | $      2,025 |
|                                                                                                           |                                                                                   |                                       |
| Total Current Assets                                                                                           | $              - | $      2,025 |
|                                                                                                           |                                                                                   |                                       |
| LIABILITIES AND STOCKHOLDERS’ DEFICIENCY                                                                 |                                                                                   |                                       |
|                                                                                                           |                                                                                   |                                       |
| CURRENT LIABILITIES                                                                                            |                                                                                   |                                       |
|                                                                                                           |                                                                                   |                                       |
| Accounts payable                                                                                               | $    17,743                                                        | $    12,076            |
|              Accounts payable-related parties |     28,991                                                         |     17,932             |
|                                                                                                           |                                                                                   |                                       |
| Total Current Liabilities                                                                                      |     46,734                                                         |     30,008             |
|                                                                                                           |                                                                                   |                                       |
| STOCKHOLDERS’ DEFICIENCY                                                                                 |                                                                                   |                                       |
|                                                                                                           |                                                                                   |                                       |
| Common stock                                                                                                   |                                                                                   |                                       |
| 500,000,000 shares authorized, at $0.001 par value;                                                            |                                                                                   |                                       |
| 43,785,000 shares issued and outstanding                                                                       | 43,785                                                                                 | 43,785                                     |
| Capital in excess of par value                                                                                 | 25,515                                                                                 | 8,115                                      |
| Deficit accumulated during the pre-exploration stage                                                           | (116,034)                                                                              |   (79,883)                       |
|                                                                                                           |                                                                                   |                                       |
| Total Stockholders’ Deficiency                                                                           |   (46,734)                                                                   |   (27,983)                       |
|                                                                                                           |                                                                                   |                                       |
|                                                                                                           | $              - | $      2,025 |

----

|                       |  July 31, 2009                                                                                |  July 31, 2008                                                                                      | January 18, 2007to July 31,  2009                                                                    |
|----------------------------|----------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------|
|                       |                                                                                               |                                                                                                     |                                                                                                           |
| REVENUES                   | $                - | $                -       |  $                 - |
|                       |                                                                                               |                                                                                                     |                                                                                                           |
| EXPENSES                   |                                                                                               |                                                                                                     |                                                                                                           |
|                       |                                                                                               |                                                                                                     |                                                                                                           |
| Exploration costs          | -                                                                                                  | -                                                                                                        | 5,000                                                                                                          |
| Administrative             |        36,150                                                   |        57,224                                                         |     111,033                                                                                |
|                       |                                                                                               |                                                                                                     |                                                                                                           |
| NET LOSS FROM OPERATIONS   | $    (36,150)                                                                  | $    (57,224)                                                                        | $ (116,033)                                                                                                    |
|                       |                                                                                               |                                                                                                     |                                                                                                           |
| NET LOSS PER COMMON SHARE  |                                                                                               |                                                                                                     |                                                                                                           |
|                       |                                                                                               |                                                                                                     |                                                                                                           |
| Basic and diluted          | $                - | $                 - |                                                                                                           |
|                       |                                                                                               |                                                                                                     |                                                                                                           |
| AVERAGE OUTSTANDING SHARES |                                                                                               |                                                                                                     |                                                                                                           |
|                       |                                                                                               |                                                                                                     |                                                                                                           |
| Basic                      | 43,785,000                                                                                         | 43,785,000                                                                                               |                                                                                                           |

----

|                                                                                  |       CommonShares                                                                                | StockAmount                                                                                                         | Capital inExcess of Par Value                                                                                                                             |  Accumulated Deficit                                                                                                                    |
|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                  |                                                                                                                            |                                                                                                                |                                                                                                                                                      |                                                                                                                                              |
| 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 - 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 - 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)                                                                  |
|                                                                                  |                                                                                                                            |                                                                                                                |                                                                                                                                                      |                                                                                                                                              |
| Capital contributions – expenses                                                |                      - |                   -       |        17,400                                                                                                          |                         - |
|                                                                                  |                                                                                                                            |                                                                                                                |                                                                                                                                                      |                                                                                                                                              |
| Net operating loss for the year ended July 31, 2009                                   |                      - |                   -       |                  -         - |             (36,150)                                                                  |
|                                                                                  |                                                                                                                            |                                                                                                                |                                                                                                                                                      |                                                                                                                                              |
| Balance as at July 31, 2009                                                           |    43,785,000                                                                                                    |     $ 43,785                                                                                    | $    25,515                                                                                                                           |    $      (116,033)                                                                                  |
|                                                                                  |                                                                                                                            |                                                                                                                |                                                                                                                                                      |                                                                                                                                              |

----

|                                                                            |        July 31, 2009                                |       July 31, 2008                                      |        January 18, 2007        to July 31, 2009                          |
|---------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                            |                                                                                        |                                                                                        |                                                                                                                                                          |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                           |                                                                                        |                                                                                        |                                                                                                                                                          |
|                                                                            |                                                                                        |                                                                                        |                                                                                                                                                          |
| Net loss                                                                        | $ (36,150)                                                                                  | $ (57,224)                                                                                  |   $ (116,033)                                                                                                                                       |
|                                                                            |                                                                                        |                                                                                        |                                                                                                                                                          |
| Adjustments to reconcile net loss to net cash provided by operating activities: |                                                                                        |                                                                                        |                                                                                                                                                          |
|                                                                            |                                                                                        |                                                                                        |                                                                                                                                                          |
| Capital contributions – expenses                                          | 17,400                                                                                      | 17,400                                                                                      | 43,500                                                                                                                                                        |
| Changes in accounts payable                                                     |        5,667                                             |        6,671                                             |     17,743                                                                                                                                |
|                                                                            |                                                                                        |                                                                                        |                                                                                                                                                          |
| Net Cash  Provided (Used) in Operations                               |   (13,083)                                                                        |   (33,153)                                                                        |  (54,790)                                                                                                                                                |
|                                                                            |                                                                                        |                                                                                        |                                                                                                                                                          |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                           |                - |               -       |                           - |
|                                                                            |                                                                                        |                                                                                        |                                                                                                                                                          |
| CASH FLOWS FROM FINANCING ACTIVITIES                                            |                                                                                        |                                                                                        |                                                                                                                                                          |
|                                                                            |                                                                                        |                                                                                        |                                                                                                                                                          |
| Proceeds from loan from related party                                           |          11,058                                | 11,893                                                                                      |            28,990                                                                                      |
| Proceeds from issuance of common stock                                          |                - |                - |     25,800                                                                                                                                |
|                                                                            |                                                                                        |                                                                                        |                                                                                                                                                          |
|                                                                            |      11,058                                                        |       11,893                                                  |     54,790                                                                                                                                |
|                                                                            |                                                                                        |                                                                                        |                                                                                                                                                          |
| Net Increase (Decrease) in Cash                                                 | (2,025)                                                                                     | (21,260)                                                                                    | -                                                                                                                                                             |
|                                                                            |                                                                                        |                                                                                        |                                                                                                                                                          |
| Cash at Beginning of Year                                                       |       2,025                                                   |      23,285                                                        |               -                                                                         |
|                                                                            |                                                                                        |                                                                                        |                                                                                                                                                          |
| CASH AT END OF YEAR                                                             | $              -      | $       2,025                                            | $              -                                                                        |

----

|   | Basic and Diluted Net Income (loss) Per Share |
|--------|-----------------------------------------------|

|   | Basic net income (loss) per share amounts is 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 antidilutive and then only the basicper share amounts are shown in the report. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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

----

|   | SIGA RESOURCES, INC. |
|--------|----------------------|

|   | 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. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 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. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 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 isrequired to have a mining license in order to keep the claim in good standing. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | SIGA RESOURCES, INC. |
|--------|----------------------|

----