The deal provides Siga a 90 day exclusivity for due diligence and a first right of refusal on the six concession groups covered by the agreement.

The company’s ultimate participation in any of the properties will be governed by final formal agreements as appropriate and mutually negotiated and agreed.

Siga Resources said it intends to proceed immediately with due diligence on the package.

Siga Resources President Ed Morrow said this property group provides the company access to a good cross section of metals targets, and is consistent with the business plan and geographical interest Siga’s board established at inception.