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

                                    FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITES EXCHANGE
    ACT OF 1934

                   For the quarter period ended April 30, 2012

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

           For the transition period form ____________ to ____________

                        Commission File number 333-145879


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

            Nevada                                         74-3207964
(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation or organization)

             1002 Ermine Court, South Lake Tahoe, California, 96150
                    (Address of principal executive offices)

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

                                       N/A
              (Former name, former address and former fiscal year,
                         if changed since last report)

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

Indicate by check mark whether the registrant has submitted electronically and
posted on its corporate Web site, if any, every Interactive Data File required
to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of
this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files). YES [X] NO [ ]

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

Large  accelerated  filer [ ]                      Accelerated  filer [ ]

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

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

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PROCEDING FIVE YEARS

Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) of the Securities
Exchange Act of 1934 after the distribution of securities subsequent to the
distribution of securities under a plan confirmed by a court. Yes [ ] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date: May 31, 2012: 45,025,000 common
shares
<PAGE>
                                      INDEX

                                                                     Page Number
                                                                     -----------

PART 1. FINANCIAL INFORMATION

ITEM 1.  Financial Statements (unaudited)                                      3

         Balance Sheet as at April 30, 2012 and July 31, 2011                  4

         Statements of Operations
         For the three and nine months ended April 30, 2012 and 2011
         and for the period January 18, 2007 (Date of Inception) to
         April 30, 2012                                                        5

         Statements of Cash Flows
         For the nine  months ended April 30, 2012 and 2011 and for
         the period January 18, 2007 (Date of Inception) to April 30, 2012     6

         Notes to the Financial Statements.                                    7

ITEM 2.  Management's Discussion and Analysis of Financial Conditions
         and Results of Operations                                            13

ITEM 3. Quantitative and Qualitative Disclosure about Market Risk             17

ITEM 4.  Controls and Procedures                                              18

ITEM 4T. Controls and Procedures                                              20

PART 11. OTHER INFORMATION

ITEM 1.  Legal Proceedings                                                    20

ITEM 1A. Risk Factors                                                         20

ITEM 2.  Unregistered Sales of Equity Securities and Use of Proceeds          24

ITEM 3.  Defaults Upon Senior Securities                                      24

ITEM 4.  Submission of Matters to a Vote of Security Holders                  24

ITEM 5.  Other Information                                                    24

ITEM 6.  Exhibits                                                             24

SIGNATURES                                                                    26

                                       2
<PAGE>
                         PART 1 - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The accompanying  balance sheets of Siga Resources,  Inc. (an exploration  stage
company) at April 30, 2012 (with  comparative  figures as at July 31,  2011) and
the  statements  of  operations  for the three and nine  months  ended April 30,
2012and  2011 and for the period from  January 18, 2007 (date of  inception)  to
April 30, 2012 and the  statements of cash flows for the nine months ended April
30, 2012 and 2011 and for the period from  January 18, 2007 (date of  inception)
to April 30, 2012 have been prepared by the  Company's  management in conformity
with accounting  principles  generally accepted in the United States of America.
In the opinion of management,  all adjustments  considered  necessary for a fair
presentation  of the results of  operations  and  financial  position  have been
included and all such adjustments are of a normal recurring nature.

Operating  results  for the three and nine  months  ended April 30, 2012 are not
necessarily  indicative  of the results that can be expected for the year ending
July 31, 2012.

                                       3
<PAGE>
                              SIGA RESOURCES, INC.
                           (Exploration Stage Company)
                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                      Unaudited
                                                                   April 30, 2012       July 31, 2011
                                                                   --------------       -------------
<S>                                                               <C>                  <C>
ASSETS

CURRENT ASSETS
  Cash                                                               $    3,926           $   12,940
  Prepaid expenses                                                        1,000                   --
                                                                     ----------           ----------
TOTAL CURRENT ASSETS                                                      4,926               12,940
                                                                     ----------           ----------

TOTAL ASSETS                                                         $    4,926           $   12,940
                                                                     ==========           ==========

LIABILITIES AND STOCKHOLDERS' DEFICIENCY

CURRENT LIABILITIES
  Accounts payable                                                   $  170,695           $  102,494
  Due to related parties                                                 24,000               18,035
                                                                     ----------           ----------

TOTAL CURRENT LIABILITIES                                               194,695              120,529
                                                                     ----------           ----------

STOCKHOLDERS' DEFICIENCY
  Common stock
   500,000,000 shares authorized, at $0.001 par value;
   45,025,000 shares issued and outstanding as of April 30, 2012
   and July 31, 2011 (Note 5)                                            45,025               45,025
  Capital in excess of par value                                        197,325              197,325
  Share Subscriptions received                                           20,000               20,000
  Deficit accumulated during the exploration stage                     (452,119)            (369,939)
                                                                     ----------           ----------
Total Stockholders' Deficiency                                         (189,769)             (35,204)
                                                                     ----------           ----------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY                       $    4,926           $   12,940
                                                                     ==========           ==========
</TABLE>

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

                                       4
<PAGE>
                              SIGA RESOURCES, INC.
                           (Exploration Stage Company)
                            STATEMENTS OF OPERATIONS
       For the three and nine months ended April 30, 2012 and 2011 and for
     the period from January 18, 2007 (date of inception) to April 30, 2012
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                                         January 18, 2007
                                             Three months ended                Nine months ended          (inception) to
                                         April 30,        April 30,        April 30,        April 30,        April 30,
                                           2012             2011             2012             2011             2012
                                       ------------     ------------     ------------     ------------     ------------
<S>                       <C>          <C>              <C>              <C>              <C>              <C>
EXPENSES
  Exploration costs (Note 3)           $         --     $     10,331     $         --     $     10,331     $     15,331
  Net loss from unconsolidated
   equity method investment                      --               --               --               --           51,734
  General & administrative                   15,401           37,605           82,180          146,578          385,054
                                       ------------     ------------     ------------     ------------     ------------

NET LOSS                               $     15,401     $     47,936     $     82,180     $    156,909     $    452,119
                                       ============     ============     ============     ============     ============

NET LOSS PER COMMON SHARE
  Basic and diluted                    $       0.00     $       0.00     $       0.00     $       0.00
                                       ============     ============     ============     ============
WEIGHTED AVERAGE OUTSTANDING SHARES
  Basic and diluted                      45,025,000       43,985,000       45,025,000       43,905,879
                                       ============     ============     ============     ============
</TABLE>

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

                                       5
<PAGE>
                              SIGA RESOURCES, INC.
                           (Exploration Stage Company)
                            STATEMENTS OF CASH FLOWS
      For the nine months ended April 30, 2012 and 2011 and for the period
          from January 18, 2007 (date of inception) to April 30, 2012
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                        Nine months          Nine months       January 18, 2007
                                                          ended                ended            (inception) to
                                                         April 30,            April 30,            April 30,
                                                           2012                 2011                 2012
                                                        ----------           ----------           ----------
<S>                                                     <C>                  <C>                  <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                              $  (82,180)          $ (156,908)          $ (452,119)
  Adjustments to reconcile net loss to net
   cash (used in) operating activities:
     Impairment loss on mineral claims                       5,000
     Net loss on equity method investment                       --                   --               51,734
     Stock issued for consulting services                       --               90,000               90,000
     Capital contributions - non-cash expenses                  --                   --               56,550
  Changes in operating assets and liabilities:
     Change in prepaid expenses                             (1,000)                  --               (1,000)
     Changes in accounts payable                            68,201                2,660              170,695
                                                        ----------           ----------           ----------
Net Cash (Used in) Operating Activities                    (14,979)             (64,249)             (79,140)
                                                        ----------           ----------           ----------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Investment in Mining Leases                                   --              (51,734)             (56,734)
                                                        ----------           ----------           ----------
Net Cash (Used in) Investing                                    --              (51,734)             (56,734)
                                                        ----------           ----------           ----------
CASH FLOWS FROM FINANCING ACTIVITIES
  Share subscriptions received                                  --                   --               20,000
  Due to related parties                                     5,965               40,000               24,000
  Proceeds from issuance of common stock                        --               89,900               95,800
                                                        ----------           ----------           ----------
Net Cash Provided by Financing                               5,965              129,900              139,800
                                                        ----------           ----------           ----------

Net (Decrease) Increase in Cash                             (9,014)              13,917                3,926

Cash at Beginning of Period                                 12,940                   --                   --
                                                        ----------           ----------           ----------

CASH AT END OF PERIOD                                   $    3,926           $   13,917           $    3,926
                                                        ==========           ==========           ==========

SUPPLEMENTAL DISCLOSURE OF NONCASH
FINANCING ACTIVITIES:
  Investment in Joint Venture                           $       --           $       --           $  (51,734)
                                                        ==========           ==========           ==========
  Stock issued for consulting services                  $       --           $   90,000           $   90,000
                                                        ==========           ==========           ==========
  Capital contributions - non-cash expenses             $       --           $       --           $   56,550
                                                        ==========           ==========           ==========
</TABLE>

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

                                       6
<PAGE>
                              SIGA RESOURCES, INC.
                           (Exploration Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 April 30, 2012
                                   (Unaudited)


1. ORGANIZATION

The Company,  Siga Resources Inc., was incorporated  under the laws of the State
of Nevada on January 18, 2007 with the  authorized  capital stock of 300,000,000
shares at $0.001 par value. On April 30, 2008, the Secretary of State for Nevada
approved an amendment to the Articles of Incorporation where the total number of
shares of common stock was increased to 500,000,000  shares of common stock with
a par value of $0.001 per share.

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

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Method

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

Dividend Policy

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

Basic and Diluted Net Income (loss) Per Share

Basic net income  (loss) per share  amounts are  computed  based on the weighted
average  number of shares  actually  outstanding.  Diluted net income (loss) per
share  amounts are  computed  using the  weighted  average  number of common and
common  equivalent  shares  outstanding  as if  shares  had been  issued  on the
exercise of the common share rights  unless the exercise  becomes  anti-dilutive
and then the basic and diluted per share amounts are the same.

Evaluation of Long-Lived Assets

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

Income Taxes

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

                                       7
<PAGE>
                              SIGA RESOURCES, INC.
                           (Exploration Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 April 30, 2012
                                   (Unaudited)


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

Income Taxes - continued

On April 30, 2012 the Company had a net operating loss carry forward of $452,119
for income tax purposes. The tax benefit of approximately $153,000 from the loss
carry  forward has been fully offset by a valuation  reserve  because the future
tax  benefit  is  undeterminable  since the  Company  is unable to  establish  a
predictable  projection of operating profits for future years. Losses will begin
to expire in 2027.

Foreign Currency Translations

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

Revenue Recognition

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

Advertising and Market Development

The company expenses advertising and market development costs as incurred.

Financial Instruments

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

Estimates and Assumptions

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

Impairment of Long-lived Assets

The Company reviews and evaluates  long-lived  assets for impairment when events
or changes in  circumstances  indicate that the related carrying amounts may not
be  recoverable.  The assets are subject to impairment  consideration  under ASC
360-10-35-17  if events or  circumstances  indicate that their carrying  amounts
might  not be  recoverable.  When  the  Company  determines  that an  impairment
analysis  should be done,  the  analysis  will be  performed  using rules of ASC
930-360-35,  Asset  Impairment,  and  360-10-15-3  through  15-5,  Impairment or
Disposal of Long-Lived Assets.

                                       8
<PAGE>
                              SIGA RESOURCES, INC.
                           (Exploration Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 April 30, 2012
                                   (Unaudited)


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

Mineral Property Acquisition Costs

Mineral  property  acquisition  costs are initially  capitalized  when incurred.
These  costs are then  assessed  for  impairment  when  factors  are  present to
indicate the carrying costs may not be recoverable.  Mineral  exploration  costs
are expensed when incurred.

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.

Reclassifications

Certain prior period amounts have been reclassified to conform to current period
presentation.

Recent Accounting Pronouncements

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

                                       9
<PAGE>
                              SIGA RESOURCES, INC.
                           (Exploration Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 April 30, 2012
                                   (Unaudited)


3. ACQUISITION OF MINERAL CLAIM

On March 11, 2007,  the Company  acquired  the Valolo Gold Claim  located in the
Republic of Fiji for the consideration of $5,000 including a geological  report.
The Valolo  Gold Claim is  located 10 miles east of the town of  Korovou,  Fiji.
Under Fijian law, the claim  remains in good standing as long as the Company has
an interest in it.  There is no annual  maintenance  fee or minimum  exploration
work  required  on the  Claim.  The  acquisition  costs have been  impaired  and
expensed  because there has been no exploration  activity nor has there been any
reserve  established  and we cannot  currently  project any future cash flows or
salvage  value  for the  coming  year and the  acquisition  costs  might  not be
recoverable.

4. INVESTMENT IN JOINT VENTURE

On January 16, 2011, the Company  entered into a Property and Royalty  Agreement
with Peter Osha  whereby the Company  would have  acquired  Peter  Osha's  Lucky
Thirteen Placer Mining Property near Hope, British Columbia,  Canada in exchange
for  $1.5  million  Canadian  plus a 3% net  smelter  royalty.  Payments  on the
property are due as follows:

     By or before January 15, 2011               *  $   10,000
     By or before April 15, 2011                 *      40,000
     By or before July 15, 2011                 **      50,000
     By or before January 15, 2012             ***     100,000
     By or before July 15, 2012                        100,000
     By or before January 15, 2013                     150,000
     By or before July 15, 2013                        150,000
     By or before January 15, 2014                     200,000
     By or before July 15, 2014                        200,000
     By or before January 15, 2015                     250,000
     By or before July 15, 2015                        250,000
                                                    ----------
     Total                                          $1,500,000
                                                    ==========
----------
*   Paid by the Company
**  Paid by Lucky 13 Mining Company Ltd.
*** Extended through amendment to April 15, 2012. Payment has not been made.

On May 12, 2011,  the Company  entered into a joint venture  agreement  with Big
Rock Resources Inc. whereby,  the Company  transferred its interest (and related
payments due) in the Lucky Thirteen  Mining  Property to Lucky 13 Mining Company
Ltd. This transfer  provided the Company with a 50% ownership  interest in Lucky
13 Mining Company Ltd. Per the joint venture agreement;  Big Rock Resources Inc.
had  agreed to fund  Lucky 13 Mining  Company  Ltd.  to  provide  financing  for
exploration and for its mineral lease payments.

However, after the work program was completed,  Big Rock withdrew from the joint
venture, and on March 1, 2012, the Company and Big Rock Resources, Inc. signed a
mutual release to cancel the Joint Venture.

                                       10
<PAGE>
                              SIGA RESOURCES, INC.
                           (Exploration Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 April 30, 2012
                                   (Unaudited)


4. INVESTMENT IN JOINT VENTURE (CONTINUED)

As indicated above,  the Company  transferred its interests in the Mining Claims
to the Joint Venture with a cost basis of $51,734. The Company accounts for this
Joint Venture using the equity method. For the time period May 12, 2011 to April
30,  2012,  the joint  venture  reported a net loss of  approximately  $330,000.
Accordingly,  the Company has recorded its share of those losses, but only up to
the cost of its investment.

The Company will attempt to keep its  interests in the mining  claims by seeking
other  sources of financing  and by  negotiations  as  necessary  with the claim
owner.

5. LETTER OF INTENT

On March  6th,  2012,  the  Company  entered a letter of intent  Agreement  with
American Hill Aggregates Ltd. for the purchase of American Hill's property which
partially  overlies the Lucky Thirteen  Placer Mining claim.  American Hill owns
rights to the gravel on both areas.

The agreement  provides for a purchase price of $1.4 million USD, 250,000 shares
of Siga  restricted  stock,  and grants the  greater of a 10% or $1.00 per cubic
yard revenue sharing FOB the property of any aggregates  sold. This  transaction
has  not  closed  as of the  filing  date of  these  financial  statements  (see
subsequent events below).

6. ADVANCES

During the nine months ended April 30, 2012,  the Company  received  advances of
$76,000 from a third party. These advances are non-interest  bearing and payable
on demand.

7. RELATED PARTY TRANSACTIONS

On  November  15,  2010,  200,000  shares of  common  stock  were  issued to the
directors under the terms and conditions of their consulting agreements.

Per  management  agreements,  the two  officers-directors  of the Company are to
receive $1,500 per month,  each, for management fees (beginning August 1, 2011).
As of April 30, 2012 $24,000 was due to the Company's officers-directors,  under
these agreements.

                                       11
<PAGE>
                              SIGA RESOURCES, INC.
                           (Exploration Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 April 30, 2012
                                   (Unaudited)


8. COMMON STOCK

On July 11,  2007,  the Company  completed  a private  placement  consisting  of
26,250,000  post split common  shares sold to directors and officers for a total
consideration  of $750.  On July 31,  2007,  the  Company  completed  a  private
placement of 17,535,000  post split common shares for a total  consideration  of
$25,050. On January 16, 2008, the directors of the Company approved a resolution
to forward  split the common  shares of the Company based on a 35 new shares for
each old share held by the shareholders  ("Forward  Split").  As a result of the
Forward Split the common shares  increased from  1,251,000  common shares with a
par value of $0.001 per share to  43,785,000  common  shares with a par value of
$0.001 per share. All share  references in these financial  statements have been
retroactively adjusted for this Forward Split.

As noted above in Footnote 5, the Company issued 200,000 shares to the directors
as per their consulting  agreements.  These shares were valued at $90,000, which
was the quoted price of the Company's  stock on the agreement  date of September
9, 2010. These shares were issued on November 15, 2010.

On July 28,  2011,  the Company  completed  a private  placement  consisting  of
1,000,000  shares for a total  consideration  of $60,000 and 40,000 shares for a
total  consideration  of $10,000.  The Company has also  received  $20,000 for a
share subscription, for which the Company will issue 80,000 shares.

9. GOING CONCERN

The  Company  will need  additional  working  capital to service its debt and to
develop the mineral claims acquired,  which raises  substantial  doubt about its
ability to continue as a going concern.  Continuation  of the Company as a going
concern  is  dependent  upon  obtaining   additional  working  capital  and  the
management  of the Company has  developed  a  strategy,  which it believes  will
accomplish  this objective  through  additional  equity  funding,  and long term
financing, which will enable the Company to operate for the coming year.

10. SUBSEQUENT EVENTS:

On July 12, 2012 American Hill Aggregates issued the company a default notice on
its LOI dated  March 6,  2012,  as SIGA was unable to tender the funds due under
the Letter of Intent by May 15, 2012 (as agreed to by both parties).

                                       12
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

CORPORATE ORGANIZATION AND HISTORY WITHIN THE LAST THREE YEARS

We were  incorporated  under the laws of the State of Nevada on January 18, 2007
under the name Siga Resources Inc. We do not have any subsidiaries or affiliated
companies. We have one joint venture project on the Lucky Thirteen Claim.

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

BUSINESS DEVELOPMENT SINCE INCEPTION

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

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

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

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

We  estimate  we will  require  $282,550  in cash over the next  twelve  months,
including the cost of completing  the  exploration  work for the Lucky  Thirteen
claim during that  period.  For a detailed  breakdown  refer to  "Liquidity  and
Capital Reserves".

                                       13
<PAGE>
We may attempt to interest other companies to undertake  exploration work on the
Lucky Thirteen Claim through joint venture  arrangement or even the sale of part
of the Lucky Thirteen Claim. Neither of these avenues has been pursued as of the
date of this Form 10-Q . During the  quarter we did little  exploration  work on
the Lucky Thirteen  Claim due partly to the fact that our joint venture  partner
failed to provide  requisite  financing.  With this  regard,  the Joint  Venture
Partners have cancelled the joint venture by its terms.

Since we do not presently have the requisite funds to explore and/or develop the
Valolo  Claim we may decide to attempt to sell this  Claim.  We do not intend to
hire any employees at this time. All of the work on the Lucky Thirteen Claim has
been conducted by independent  contractors  that we have hired.  The independent
contractors  have been under the direction of the Joint Venture  responsible for
surveying,  geology,  engineering,  exploration,  and excavation.  Our president
along with independent experts are currently  evaluating the information derived
from the exploration and excavation activities, and the engineers will advise us
on the economic feasibility of proceeding with gold and gravel extraction.

TRENDS

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

CRITICAL ACCOUNTING POLICIES

Our  discussion  and  analysis  of  our  financial   condition  and  results  of
operations,  including the  discussion on liquidity and capital  resources,  are
based upon our financial statements, which have been prepared in accordance with
accounting  principles  generally accepted in the United States. The preparation
of these financial  statements  requires us to make estimates and judgments that
affect the reported amounts of assets,  liabilities,  revenues and expenses, and
related  disclosure of contingent  assets and liabilities.  On an ongoing basis,
management re-evaluates its estimates and judgments.

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

LIQUIDITY AND CAPITAL RESOURCES

As of April 30, 2012 our total assets were $4,926 and our total liabilities were
$194,695.  Not  including the cost of completing  the  exploration  phase of our
Lucky Thirteen Claim, our non-elective expenses over the next twelve months, are
expected to be as follows:

                                                                 Estimated
        Expense                                     Ref.           Amount
        -------                                     ----           ------
Accounting and audit                                 (i)          $ 20,500
Edgar filing fees                                   (ii)             6,000
Filing fees - Nevada; Securities of State           (ii)               375
Office and general expenses                         (iv)            61,000
                                                                  --------
Estimated expenses for the next twelve months                       87,875
                                                                  --------
Liabilities at April 30, 2012                                      194,675
                                                                  --------
Cash required for the next twelve months                          $282,550
                                                                  ========

                                       14
<PAGE>
Should the Joint  Venture  partner fail to fund the Lucky 13 Joint  Venture,  an
additional  $400,000 may be required to fund its Exploration  Costs and Property
Acquisition.

(i) Accounting and audit

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

    Period             Form         Accountant         Auditor          Amount
    ------             ----         ----------         -------          ------
April 30, 2012         10-Q            1,500            2,000            3,500
July 31, 2012          10-Q            5,000            5,000           10,000
October 31, 2012       10-Q            1,500            2,000            3,500
January 31, 2013       10-K            1,500            2,000            3,500
                                     -------          -------          -------
Estimated total                      $ 9,500          $11,000          $20,500
                                     =======          =======          =======

(ii) Edgar filing fees

We will be required to file the annual Form 10-K estimated at $250 and the three
Form 10-Qs at $250 each for a total cost of $1,000.  Additional  Form 8-K should
cost an additional $1,000. The conversion costs to XBLR is estimated at $4,000.

(iii) 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.

(iv) Office and general

We have estimated a cost of approximately  $25,000 for  photocopying,  printing,
fax and delivery, travel, transfer agent and entertainment.  Director Fees total
$3,000 per month or  $36,000.  Total  Office  and  General  is  estimated  to be
$61,000.

Our future  operations  are  dependent  upon our  ability to obtain  third party
financing  in the form of debt and  equity and  ultimately  to  generate  future
profitable  operations or income from investments.  As of July 31, 2011, we have
not generated revenues, and have experienced negative cash flow from operations.
We may look to secure additional funds through future debt or equity financings.
Such  financings  may not be available  or may not be  available  on  reasonable
terms.

                                       15
<PAGE>
THREE MONTHS ENDED APRIL 30, 2012 AND 2011

                                     Three months     Three months
                          Expense       ended            ended
                         Reference  April 30, 2012   April 30, 2011   Difference
                         ---------  --------------   --------------   ----------
Accounting and auditing      (i)       $  2,885         $ 25,910       $(23,025)
Bank charges and interest                   153              160             (7)
Consulting                  (ii)          1,000               --          1,000
Filing fees                               1,114            1,410           (296)
Legal                                        --               38            (38)
Management fees                           9,000            9,000             --
News Releases                               260               --            260
Transfer agent's fees                       340              220            120
Exploration costs                            --           10,331        (10,331)
Travel                                      649              867           (218)
                                       --------         --------       --------
TOTAL EXPENSES                         $ 15,401         $ 47,936       $(32,535)
                                       ========         ========       ========

(i) Audit and Accounting

Auditing and accounting  expense  represents the cost of the  preparation of the
financial  statements  for the Company.  $25,000 of the $25,910 paid in 2011 was
due to a fee payable to a consultant.

(ii) Consulting

During the  quarter,  a  consultant  performed  some  analysis on the  company's
investments.

NINE MONTHS ENDED APRIL 30, 2012 AND 2011


                                      Nine months      Nine months
                          Expense       ended            ended
                         Reference  April 30, 2012   April 30, 2011   Difference
                         ---------  --------------   --------------   ----------
Accounting and auditing      (i)       $ 19,080         $ 25,910       $ (6,830)
Bank charges and interest                   386              298             88
Consulting                  (ii)          9,000              800          8,200
Filing fees                (iii)          3,589            1,410          2,179
Legal                       (iv)          2,818               38          2,780
Management fees              (v)         27,000          117,000        (90,000)
News Releases               (vi)          5,300               --          5,300
Office                                      202               35            167
Transfer agent's fees                       645              220            425
Exploration costs                            --           10,331        (10,331)
Travel                     (vii)         14,160              867         13,293
                                       --------         --------       --------
TOTAL EXPENSES                         $ 82,180         $156,909       $(74,729)
                                       ========         ========       ========

                                       16
<PAGE>
(i) Audit and Accounting

Auditing and accounting  expense  represents the cost of the  preparation of the
financial  statements for the Company. The decrease of $6,830 comparing the nine
months ended April 30, 2012 to April 30, 2011, was due to increased efficiencies
in the company's accounting and audit functions.

(ii) Consulting

The President was paid an additional  $8,000 during the year for additional time
required.

(iii) Filing Fees

The filing fees increased due to XBRL Reporting requirements

(iv) Legal

Legal costs were for opinions on the Lucky 13 joint venture.

(v) Management fees

In accordance  with the consulting  agreements  entered into by the Company with
its directors, Monthly consulting fees were paid at the rate of $1,500 per month
for each director. On November 15, 2010, the Directors were paid a 100,000 share
bonus each which was valued at $90,000.

(vi) News Releases

Several news  releases  were issued during the nine months ended April 30, 2012,
at a cost of $5,300.

(vii) Travel

The travel fees  increased to $14,159  during the first 9 months.  This increase
was due to future and existing business opportunities.

BALANCE SHEETS

Total cash and cash equivalents,  as of April 30, 2012 was $3,926 and $12,940 as
of July 31,  2011.  Our working  capital  deficiency  as at April 30, 2012 was a
$189,769 and as of July 31, 2011, $107,589.

Total stockholders'  deficiency as of April 30, 2012 was $189,768 and $35,204 as
at July 31,  2011.  Total shares  outstanding  as at April 30, 2012 and July 31,
2011 were 45,025,000.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE OF MARKET RISK

MARKET INFORMATION

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

The  number of  shares  subject  to Rule 144 is  23,625,000  Share  certificates
representing these shares have the appropriate legend affixed on them.

                                       17
<PAGE>
There are no shares  being  offered to the public  other than  indicated  in our
effective  registration statement and no shares have been offered pursuant to an
employee benefit plan or dividend reinvestment plan.

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

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

     *    our  variations  in  our  operations  results,   either  quarterly  or
          annually;
     *    trading patterns and share prices in other exploration companies which
          our shareholders consider similar to ours;
     *    the  exploration  results on the Valolo claim  and/or  Lucky  Thirteen
          claim, and
     *    other events which we have no control over.

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

TRENDS

We are in the  exploration  stage,  have not  generated  any revenue and have no
prospects of generating any revenue in the foreseeable future. We are unaware of
any known  trends,  events or  uncertainties  that have had,  or are  reasonably
likely to have, a material impact on our business or income,  either in the long
term of short term, as more fully described under `Risk Factors'.

ITEM 4. CONTROLS AND PROCEDURES

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

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

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

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

                                       18
<PAGE>
Internal controls are mechanisms that are there to help the Company manage risks
to success.  Internal  controls is about getting things done  (performance)  but
also about ensuring that they are done properly (integrity) and that this can be
demonstrated and reviewed (transparency and accountability).

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

As of April 30, 2012, the management of the Company  assessed the  effectiveness
of the Company's internal control over financial reporting based on the criteria
for effective internal control over financial reporting  established in Internal
Control--Integrated   Framework   issued   by  the   Committee   of   Sponsoring
Organizations of the Treadway Commission ("COSO") and SEC guidance on conducting
such assessments. Management concluded, during the quarter ended April 30, 2012,
internal  controls and procedures were not effective to detect the inappropriate
application of US GAAP rules.  Management realized there are deficiencies in the
design or operation of the Company's  internal  control that adversely  affected
the  Company's  internal  controls  which  management  considers  to be material
weaknesses.

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

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

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

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

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

                                       19
<PAGE>
ITEM 4T. CONTROLS AND PROCEDURES

There were no changes  in Siga's  internal  controls  over  financial  reporting
during  the  three  month  period  ended  April 30,  2012  that have  materially
affected,  or are reasonably likely to material affect,  Siga's internal control
over financial reporting.

                          PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

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

ITEM 1A. RISK FACTORS

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

We lack an operating  history and have losses,  which we expect to continue into
the future. As a result, we may have to suspend or cease exploration activity or
cease operations.

While we were  incorporated  in 2007,  we have only  conducted  exploration  and
development  activities.  We  have  not  generated  any  revenues.  We  have  no
exploration  history upon which you can evaluate  the  likelihood  of our future
success or failure.  Our net loss from  inception to April 30, 2012, the date of
our most  recent  financial  statements  is  $452,119.  Our  ability  to achieve
profitability and positive cash flow in the future is dependent upon

     *    our ability to locate a profitable mineral property
     *    our ability to locate an economic ore reserve
     *    our ability to develop and profitably mine a mineral property
     *    our ability to generate revenues
     *    our ability to reduce exploration costs.

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

WE HAVE NO KNOWN  ORE  RESERVES  AND WE CANNOT  GUARANTEE  WE WILL FIND ANY GOLD
AND/OR SILVER  MINERALIZATION OR, IF WE FIND GOLD AND/OR SILVER  MINERALIZATION,
THAT IT MAY BE ECONOMICALLY EXTRACTED. IF WE FAIL TO FIND ANY GOLD AND/OR SILVER
MINERALIZATION  OR IF WE ARE UNABLE TO FIND GOLD  AND/OR  SILVER  MINERALIZATION
THAT MAY BE ECONOMICALLY EXTRACTED, WE WILL HAVE TO CEASE OPERATIONS.

                                       20
<PAGE>
We have no known ore reserves. Even if we find gold and/or silver mineralization
we  cannot  guarantee  that any gold  and/or  silver  mineralization  will be of
sufficient  quantity so as to warrant  recovery.  Additionally,  even if we find
gold and/or silver mineralization in sufficient quantity to warrant recovery, we
cannot  guarantee that the ore will be  recoverable.  Finally,  even if any gold
and/or silver  mineralization is recoverable,  we cannot guarantee that this can
be done at a profit. Failure to locate gold deposits in economically recoverable
quantities will cause us to cease operations.

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

Because the  probability  of an  individual  prospect  ever  having  reserves is
extremely  remote,  in all probability our properties,  the Valolo Claim and the
Lucky  Thirteen  Claim,  do not  contain  any  reserves,  and any funds spent on
exploration  will be lost. If we cannot raise further funds as a result,  we may
have to suspend or cease  operations  entirely which would result in the loss of
our shareholders' investment.

ALTHOUGH  SOME  OF OUR  OFFICERS  AND  DIRECTORS  HAVE  TECHNICAL  TRAINING  AND
EXPERIENCE IN STARTING,  AND OPERATING AN  EXPLORATION  OR MINING COMPANY AND IN
MANAGING A PUBLIC  COMPANY,  WE WILL STILL HAVE TO HIRE  QUALIFIED  PERSONNEL TO
FULFILL THESE ADDITIONAL  FUNCTIONS.  IF WE LACK FUNDS TO RETAIN SUCH PERSONNEL,
OR  CANNOT  LOCATE  QUALIFIED  PERSONNEL,  WE  MAY  HAVE  TO  SUSPEND  OR  CEASE
EXPLORATION  ACTIVITY OR CEASE  OPERATIONS WHICH WILL RESULT IN THE LOSS OF YOUR
INVESTMENT.

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

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

SINCE WE ARE SMALL AND HAVE LIMITED  CAPITAL,  WE MUST LIMIT OUR EXPLORATION AND
AS A RESULT MAY NOT FIND AN ORE BODY . WITHOUT AN ORE BODY,  WE CANNOT  GENERATE
REVENUES.

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

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

These  types of programs  require  substantial  capital.  Because we may have to
limit our exploration, we may not find an ore body, even though our property may
contain mineralized material. Without an ore body, we cannot generate revenues.

                                       21
<PAGE>
BECAUSE OUR OFFICERS AND DIRECTORS  HAVE OTHER OUTSIDE  BUSINESS  ACTIVITIES AND
MAY NOT BE IN A POSITION TO DEVOTE A MAJORITY  OF THEIR TIME TO OUR  EXPLORATION
ACTIVITY,  OUR EXPLORATION ACTIVITY MAY BE SPORADIC WHICH MAY RESULT IN PERIODIC
INTERRUPTIONS  OR  SUSPENSIONS  OF  EXPLORATION.

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

WE MAY NOT HAVE ACCESS TO ALL OF THE  SUPPLIES  AND  MATERIALS  WE NEED TO BEGIN
EXPLORATION WHICH COULD CAUSE US TO DELAY OR SUSPEND EXPLORATION ACTIVITY.

We have made no attempt to locate or negotiate  with any  suppliers of products,
equipment  or  materials.  We will  attempt to locate  products,  equipment  and
materials as and when we begin to undertake exploration activity, expected later
this  year.  Competition  and  unforeseen  limited  sources of  supplies  in the
industry could result in occasional spot shortages of equipment  and/or supplies
we need to conduct our planned  exploration work. If we cannot find the products
and equipment we need, we will have to suspend our exploration plans until we do
find the products and equipment we need.

NO MATTER HOW MUCH MONEY IS SPENT ON THE VALOLO CLAIM OR THE LUCKY THIRTEEN, THE
RISK IS THAT WE MIGHT NEVER IDENTIFY A COMMERCIALLY VIABLE ORE RESERVE.

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

EVEN IF OUR  PROPERTY  WERE FOUND TO CONTAIN A DEPOSIT,  SINCE WE HAVE NOT PUT A
MINERAL  DEPOSIT  INTO  PRODUCTION  BEFORE,  WE  WILL  HAVE TO  ACQUIRE  OUTSIDE
EXPERTISE.  IF WE ARE UNABLE TO ACQUIRE  SUCH  EXPERTISE WE MAY BE UNABLE TO PUT
OUR  PROPERTY  INTO  PRODUCTION  AND OUR  SHAREHOLDERS  WILL LOSE  THEIR  ENTIRE
INVESTMENT.

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

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

The business of mineral  exploration  and  extraction  involves a high degree of
risk. Few properties that are explored are ultimately developed into production.
Most  exploration  projects  do not  result  in the  discovery  of  commercially
mineable  deposits of ore. The Valolo Claim and the Lucky Thirteen Claim, do not
have a known body of commercial  ore.  Should our mineral claim be found to have
commercial quantities of ore, we would be subject to additional risks respecting
any development  and production  activities.  Unusual or unexpected  formations,
formation  pressures,  fires,  power  outages,  labour  disruptions,   flooding,
explosions,  cave-ins,  landslides  and the  inability  to  obtain  suitable  or
adequate  machinery,  equipment or labour are other risks involved in extraction
operations and the conduct of exploration  programs.  We do not carry  liability
insurance with respect to our mineral  exploration  operations and we may become
subject to  liability  for damage to life and  property,  environmental  damage,
cave-ins or hazards.  There are also physical risks to the exploration personnel
working  in  the  rugged  terrain  of our  claim.  Previous  mining  exploration
activities may have caused environmental damage to the Valolo Claim or the Lucky

                                       22
<PAGE>
Thirteen  Claim. It may be difficult or impossible to assess the extent to which
such  damage was caused by us or by the  activities  of previous  operators,  in
which case, any indemnities and exemptions from liability may be ineffective.

EVEN WITH POSITIVE  RESULTS  DURING  EXPLORATION,  THE VALOLO CLAIM OR THE LUCKY
THIRTEEN CLAIM, MIGHT NEVER BE PUT INTO COMMERCIAL  PRODUCTION DUE TO INADEQUATE
TONNAGE, LOW METAL PRICES OR HIGH EXTRACTION COSTS.

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

RISKS ASSOCIATED WITH OUR SHARES:

OUR OFFICERS AND DIRECTORS OWN A SUBSTANTIAL AMOUNT OF OUR COMMON STOCK AND WILL
HAVE SUBSTANTIAL INFLUENCE OVER OUR OPERATIONS.

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

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

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

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

FORWARD LOOKING STATEMENTS

In addition to the other  information  contained in this Form 10-Q,  it contains
forward-looking  statements which involve risk and  uncertainties.  When used in
this prospectus,  the words "may", "will", "expect",  "anticipate",  "continue",
"estimate",  "project", "intend", "believe" and similar expressions are intended
to  identify  forward-looking   statements  regarding  events,   conditions  and
financial  trends  that may  affect  our  future  plan of  operations,  business
strategy,  operating results and financial position.  Readers are cautioned that
any forward-looking  statements are not guarantees of future performance and are
subject  to  risks  and  uncertainties  and that  actual  results  could  differ
materially  from the results  expressed  in or implied by these  forward-looking

                                       23
<PAGE>
statements as a result of various factors, many of which are beyond our control.
Any reader  should  review in detail this entire Form 10-Q  including  financial
statements, attachments and risk factors before considering an investment.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

There has been no change in our securities  since the fiscal year ended July 31,
2011.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. MINE SAFETY DISCLOSURES

None

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

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

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

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

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

4        Stock Specimen (incorporated by reference from Siga's Registration
         Statement on Form SB-2 filed on September 5, 2007, Registration

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

10.2     Corporate Acquisition Agreement between Siga, Touchstone Ventures Ltd,
         and Touchstone Precious Metals, Inc dated September 24, 2010
         (incorporated by reference from Siga's Form 10K for the year ended July
         31, 2010)

10.3     Letter Agreement dated May 15, 2010 between Peter Osha and Touchstone
         Precious Metals, Inc. regarding the Option to Purchase the Lucky
         Thirteen Claim from Peter Osha. (incorporated by reference from Siga's
         Form 10K for the year ended July 31, 2010)

10.4     Extension Agreement dated October 14, 2010 between Peter Osha,
         Touchstone Ventures Ltd, Touchstone Precious Metals Inc., and Siga
         Resources Inc. (incorporated by reference from Siga's Form 10Q for the
         Quarter ended October 31, 2010)

                                       24
<PAGE>
10.5     Property Acquisition and Royalty Agreement dated January 16, 2011
         between Siga Resources Inc. and Peter Osha (incorporated by reference
         from Siga's Form 10Q for the Quarter ended January 31, 2011)

10.6     Joint Venture Agreement dated May 12, 2011 between Big Rock Resources
         Ltd. and Siga Resources Inc. regarding the development of the Lucky
         Thirteen Claim. (incorporated by reference from Siga's Form 8K filed
         May 14, 2011).

10.7     Letter of Intent dated June 14, 2011 between Montana Mining Company and
         Siga Resources Inc. regarding the acquisition of the Big Bear Claims
         1-9 located in San Bernardino County, California (incorporated by
         reference from Siga's Form 8K filed June 20, 2011).

10.8     Revised Acquisition Agreement dated July 7, 2011 between Montana Mining
         Company and Siga Resources Inc. regarding the acquisition of the Big
         Bear Claims 1-9 located in San Bernardino County, California
         (incorporated by reference from Siga's Form 8K filed July 12, 2011).

10.9     Joint Venture Agreement dated July 22, 2011 between Bentall Fairview
         Resources Ltd.. and Siga Resources Inc. regarding the development of
         the Big Bear Claims. (incorporated by reference from Siga's Form 8K
         filed July 22, 2011).

10.10    Property Acquisition and Royalty Agreement dated September 20, 2011
         between Siga Resources Inc. and Laguna Finance Ltd. regarding the
         acquisition of the Moutauban Gold Tailing Claims located in near Quebec
         City, Canada (incorporated by reference from Siga's Form 8K filed
         September 28, 2011).

31.1     Certification of the Chief Executive Officer and President

31.2     Certification of the Chief Financial Officer

32.1     Certification of the Chief Executive Officer and President

32.2     Certification of the Chief Financial Officer

101*     XBRL Report No. 333-145879

----------
To be provided by amendment.

                                       25
<PAGE>
                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                 SIGA RESOURCES, INC.
                                    (Registrant)



Date: August 22, 2012            /s/ EDWIN MORROW
                                 -----------------------------------------------
                                 Chief Executive Officer, President and Director



Date: August 22, 2012            /s/ ROBERT MALASEK
                                 -----------------------------------------------
                                 Chief Financial Officer, Chief Accounting
                                 Officer, Secretary and Director

                                       26