Mr. Matt Roma reports

GOLDEN CROSS RESOURCES PROVIDES UPDATE ON DRILLING AND ANNOUNCES A SECOND DRILL RIG HAS BEEN MOBILIZED AT ITS REEDY CREEK HIGH-GRADE GOLD PROJECT

Golden Cross Resources Inc. has provided an update on its phase 1 work program, based on which a second drill rig has been mobilized at its flagship Reedy Creek high-grade gold project in Victoria, Australia. This expansion of the drilling program follows the successful completion of a $5-million financing, providing the company with the capital to accelerate and expand its exploration efforts.

Key highlights:

• Phase 1 program update: The emerging picture from the initial approximately 1,000 metres of drilling, mapping and reassaying received to date indicates that the Reedy Creek goldfield is defined by gold-bearing fluids migrating along faults that intersect anticline folding -- a geological setting seen at several other major Victorian gold mines.
• Second drill rig mobilized: The additional rig will double drilling capacity at Reedy Creek, enabling the company to test multiple high-priority targets and accelerate its understanding of the geologic setting at Reedy Creek.
• Fully financed program: The recent $5-million financing ensures that the company can aggressively advance the current 6,000-metre drill campaign, with the ability to expand the program as results warrant.
• Focused on high-grade discoveries: Previous drilling at Reedy Creek has confirmed the presence of multiple high-grade gold intercepts along a three-kilometre mineralized corridor, with several zones remaining open along strike and at depth.
• Drilling deeper: With the recent financing, the company can bring forward the second phase of drilling, which involves testing the targets at greater depth. This is crucial for understanding the geologic model driving gold mineralization at Reedy Creek.

"Mobilizing a second drill rig marks an important milestone for Golden Cross," said Matt Roma, chief executive officer of Golden Cross. "With strong investor support from our recent financing, we are now in a position to accelerate our exploration program at Reedy Creek. Our goal is to unlock the full potential of this district-scale project and build on the high-grade gold results we've already seen."

The company will continue to evaluate the geological interpretation revealed by the data and looks forward to providing further updates later this summer as assay results are received.

The company has granted Capital Analytica incentive stock options to purchase 100,000 common shares at an exercise price of 50 cents per share for a period of five years. The options will be subject to standard investor relations vesting provisions and are subject to the acceptance of the TSX Venture Exchange.

About Golden Cross Resources Inc.

Golden Cross Resources is a Canadian mineral exploration company focused on advancing its high-grade Reedy Creek gold project in Victoria, Australia. Located just 10 kilometres from Southern Cross Gold's Sunday Creek discovery, the project covers two contiguous tenements in one of Australia's most active epizonal gold corridors.

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