Mr. Matt Roma reports

GOLDEN CROSS RESOURCES INCREASES PRIVATE PLACEMENT TO C$5 MILLION

As a result of significant demand, Golden Cross Resources Inc. has increased the size of its previously announced non-brokered private placement (see news release dated June 19, 2025). Golden Cross now plans to raise gross proceeds of up to $5-million through the issuance of 11,111,111 units at a price of 45 cents per unit.

The offering consists of units at a price of 45 cents per unit. Each unit will consist of one common share in the capital of the company and one-half common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of 65 cents per share for a period of two years from closing of the offering.

Matt Roma, Golden Cross chief executive officer, stated: "We have seen significant demand for the private placement. Given the quality of the investors seeking to invest, we have decided to increase the private placement. The funds from the private placement will allow us to accelerate and extend our initial 6,000-metre drill program, including adding additional drill rigs at our Reedy Creek project."

The company intends to use the proceeds of the offering to accelerate exploration drilling and development of the company's Reedy Creek high-grade gold project located in Victoria, Australia.

Golden Cross may pay finders' fees on some portion of the gross proceeds of the offering to certain arm's-length parties who assist the company in introducing subscribers to the offering. The offering is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued under the offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the offering.

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 comprises two tenements of land located approximately 10 kilometres northeast of, and contiguous to, Southern Cross Gold's Sunday Creek gold discovery.

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