Mr. Matt Roma reports

GOLDEN CROSS RESOURCES COMMENCES DRILLING AT ITS REEDY CREEK HIGH-GRADE GOLD PROJECT IN VICTORIA, AUSTRALIA

Golden Cross Resources Inc. has commenced an inaugural fully financed 6,000-metre phased drill program to test and expand on key high-grade gold targets.

An initial 2,000-metre diamond drilling program comprises 15 shallow drill holes at the Prince of Wales and Wieneroider Ridge targets within the Reedy Creek goldfield. This initial phase has been guided by lidar survey data and a review of recent previous drilling, as well as recently completed structural mapping. It is designed to systematically improve the structural and geological understanding of the targets and will aim to expand on the known mineralization. This will be achieved by targeting interpreted faults, shears and quartz veins.

Enhanced geotechnical insight from the early drilling will support a further 4,000 metres of fully financed drilling. This drilling will be aimed at investigating extensions to vein systems at depth, as well as testing adjacent ladder targets.

The drill targets have been identified from geological mapping of surface workings and are untouched by modern exploration techniques. They offer the potential to identify previously unrecognized mineralization that could be incorporated into the broader Reedy Creek exploration model.

Golden Cross Resources will have the option to field additional drill rigs later in 2025. This decision will be based on drilling results and will be guided by continuing structural mapping running in support of the drilling program.

Management commentary

"With drilling having commenced at Reedy Creek, our focus is to develop a deeper understanding of the structural controls on mineralization as we look to expand our drilling program. We expect to announce initial drill results later this summer," said Golden Cross chief executive officer Matthew Roma.

About the Reedy Creek project: historic high-grade gold intercepts

Located just 10 kilometres northeast of Southern Cross Gold's recent Sunday Creek gold discovery, historical drilling at Reedy Creek points to a potential high-grade gold system. Significant intercepts include:

• 2.0 metres at 174.4 grams per tonne gold;
• 11.0 m at 31.4 g/t gold.

These shallow intercepts demonstrate very high gold grades but were never followed up with deeper or systematic drilling. Golden Cross intends to apply modern structural, geochemical and geological tools to define its scale and continuity.

Approximately three-kilometre gold-in-soil anomaly suggests potential large-scale system

Supporting Golden Cross's 6,000-metre drill campaign this summer is a recently outlined gold-in-soil anomaly stretching more than three kilometres in length and running parallel to a regional anti-cline -- similar in style to structures hosting mineralization at Sunday Creek. Gold-in-soil anomalies are critical early indicators of mineralized systems, especially in epizonal deposits where gold is often closely associated with fault zones and vein swarms near surface.

The anomaly identified at Reedy Creek aligns with mapped folding and structural complexity, suggesting the potential for multiple pathways for gold deposition -- a key requirement for high-grade, vertically extensive gold systems.

Testing the ladder: a strategy that delivered at Sunday Creek

Golden Cross is adopting the same exploration model that led to the breakthrough discovery at Sunday Creek: the testing the ladder approach. This strategy focuses on identifying stacked, steeply dipping, high-grade-gold-bearing quartz veins (the rungs of a ladder) that can deliver multiple intercepts from a single drill hole when drilled at depth. The high-grade quartz veins forming these rungs are connected by a halo of lower-grade mineralization within the intervening host rock.

Shorter historical holes from past drill campaigns could have potentially missed many of these deeper vein intersections. At Reedy Creek, past drilling at hole RWD01 reported the following grade intervals:

• 0.8 m of 21.7 g/t Au from 40.8 m;
• 0.7 m of 239.64 g/t Au from 68.7 m.

By drilling deeper and along structurally favourable trends, Golden Cross aims to define the vertical extent, continuity and true size of the potential system.

About Golden Cross Resources Inc.

Golden Cross Resources is a Canadian mineral exploration company engaged in the advancement of its 100-per-cent-owned Reedy Creek high-grade gold project in Victoria, Australia, which is composed of two tenements of land located approximately 10 km northeast of and contiguous to Southern Cross Gold's Sunday Creek gold discovery. Past drilling at the project revealed high-grade gold intercepts including 11 m at 31.4 g/t gold and two m at 174.42 g/t gold.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Alan Till, vice-president, exploration, a qualified person for Golden Cross Resources as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Till has examined information regarding the historical exploration at Golden Cross's Reedy Creek high-grade gold project, which includes his review of the historical sampling, analytics and procedures underlying the information and opinions contained herein.

Management cautions that historical results were collected and reported by operators unrelated to Golden Cross, and have been neither verified nor confirmed by its qualified person; however, the historical results create a scientific basis for continuing work on the Golden Cross property. Management further cautions that historical results, discoveries and published resource estimates on adjacent or nearby mineral properties, whether in stated current resource estimates or historical resource estimates, are not necessarily indicative of the results that may be achieved on the Golden Cross property.

We seek Safe Harbor.