Mr. Matt Roma reports

GOLDEN CROSS UPSIZES PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT

Golden Cross Resources Inc., as a result of significant demand, has increased the size of its previously announced non-brokered private placement (see news releases dated May 26, 2026). Golden Cross now plans to raise gross proceeds of up to $3.75-million through the issuance of 22,058,824 units, which has been fully subscribed.

Matt Roma, Golden Cross chief executive officer, stated: "The decision to increase the size of the offering reflects the significant demand we received from quality investors and serves as a strong endorsement of our strategy and growth plans. The additional capital will strengthen our balance sheet and provide greater flexibility as we advance our exploration objectives and pursue opportunities to unlock value across our portfolio."

The offering consists of units at a price of 17 cents per unit. Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of 30 cents per share for a period of two years from closing of the offering.

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

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.

Members of the company's management team may participate in the offering, including subscriptions from related parties of the company as defined in Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The participation of management in the offering is exempt from formal valuation and minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(c) and 5.7(1)(a) of MI 61-101.

About Golden Cross Resources Inc.

Golden Cross Resources is a Canadian mineral exploration company focused on advancing the Reedy Creek gold project in Victoria, Australia. Located just 10 kilometres (km) 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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