Ms. Mariana Bermudez reports

SOUTHERN CROSS GOLD ANNOUNCES FILING OF FINAL BASE SHELF PROSPECTUS

Southern Cross Gold Consolidated Ltd. has filed and has obtained a receipt for a (final) short form base shelf prospectus. The shelf prospectus was filed with the securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario, and enables the company to offer for sale and issue, up to $700-million of common shares, warrants, debt securities, subscription receipts and units or any combination thereof, from time to time over a period of 25 months.

In Canada, a base shelf prospectus is a standard regulatory instrument used by Toronto Stock Exchange-listed companies to prequalify securities for sale. It is analogous in purpose to an Australian shelf prospectus under the Corporations Act 2001 (Cth), in that it enables a company to complete the applicable regulatory review process in advance, and then execute individual offerings quickly by filing a short-form prospectus supplement at the time of each raise. This is common practice among established Toronto Stock Exchange-listed mining and development companies who maintain standing shelf facilities as a matter of prudent financial management. Importantly, securities issued to investors under a shelf prospectus supplement are not subject to a four-month mandatory hold period in Canada, which enables more efficient and cost-effective access to a broad institutional investor base.

The company has no immediate plans to issue securities under the shelf prospectus, and may never issue any securities under the shelf prospectus. The filing of the shelf prospectus should not be interpreted as an indication of an imminent capital raising. Rather, it reflects sound financial management practice -- ensuring that the company has the regulatory infrastructure in place to act efficiently if and when market conditions and project milestones make it appropriate to do so. As SXGC advances through a capital-intensive phase of predevelopment at Sunday Creek, the ability to access capital markets in a timely and cost-effective manner is an important element of the company's financing strategy. The shelf prospectus provides the flexibility to raise capital in tranches aligned with project milestones, without the need for a full regulatory review process for each offering. The specific terms of any future offering under the shelf prospectus will be determined at the time of such offering and disclosed in a corresponding prospectus supplement, which will be filed with applicable Canadian securities regulatory authorities. The shelf prospectus also reinforces Southern Cross's standing as a predevelopment-stage company of scale, consistent with the institutional-grade governance and capital markets readiness expected of a company of this profile. The company may require shareholder approval under the Australian Securities Exchange Listing Rules in connection with any future issuance.

A copy of the shelf prospectus and the final receipt in respect thereof received from the British Columbia Securities Commission is available under the company's profile on SEDAR+.

About Southern Cross Gold Consolidated Ltd.

Southern Cross Gold Consolidated is defining a leading gold-antimony project at the Sunday Creek gold-antimony project, located 60 kilometres north of Melbourne. Sunday Creek is a significant gold and antimony drill discovery in a Tier 1 location, with high-grade drill results including 81 composite intersections exceeding 100 grams per tonne gold from 114.8 km of drilling. The mineralization follows a Golden Ladder structure over 12 km of strike length, with structures tested from surface to 1,100 m depth.

Sunday Creek's strategic value is enhanced by its dual-metal profile. The company has a critical mineral the Western world needs. This has gained increased significance following China's export restrictions on antimony, a critical metal for defence and semiconductor applications. Southern Cross's inclusion in the United States Defense Industrial Base Consortium (DIBC) and Australia's AUKUS-related legislative changes position it as a potential key Western antimony supplier.

Technical fundamentals further strengthen the investment case, with preliminary metallurgical work showing non-refractory mineralization suitable for conventional processing and gold recoveries of 93 per cent to 98 per cent through gravity and flotation.

With a strong cash position, 1,392 hectares of strategic freehold land ownership and a large 200 km drill program planned through Q1 2027, Southern Cross is well positioned to advance this globally significant gold-antimony discovery in a Tier 1 jurisdiction, delivering milestone by milestone.

Qualified/competent person

The technical information in this news release, including the information that relates to exploration results at Sunday Creek was prepared under the supervision of, or has been prepared, reviewed, verified and approved by Michael Hudson, president, chief executive officer and managing director of Southern Cross, a qualified person as defined by the National Instrument 43-101 and a competent person who is a fellow of the Australasian Institute of Mining and Metallurgy, Mr. Hudson has sufficient experience relevant to the style of mineralization and type of deposit under consideration, and to the activities undertaken, to qualify as a competent person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Hudson consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

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