Golden Cross Resumes Aurora Drilling

• Golden Cross Resources has resumed diamond drilling at the Aurora Prospect following a successful pilot geophysical survey.
• A 3,000-metre drill campaign is currently underway with completion expected in early Q4 of 2026.
• Geophysical programs (IP and magnetic surveys) are advancing across the Reedy Creek Project, specifically targeting Prince of Wales and Welcome Reef prospects.
• The pilot survey improved understanding of depth and extent of historical workings at Aurora, allowing for better targeting of deeper mineralized structures.
• This announcement follows the March 2026 maiden drilling results which returned high-grade intercepts up to 27g/t Au at Aurora and Welcome Reef.

• Expectation vs. Reality: The resumption of drilling is a direct follow-up to the positive maiden assay results released in March 2026. It confirms management is executing on the plan outlined during the financing phase earlier in 2025.
• Market Reaction Context: Despite the positive operational update, the stock price has declined significantly from highs near $0.90 in August 2025 to current levels around $0.17. The March results news did not halt this downtrend, suggesting the market is pricing in execution risk or cash burn concerns rather than just exploration success.
• Materiality: This is a Routine - Positive update. It validates the project timeline but does not introduce new fundamental value (e.g., no resource estimate, no major acquisition). The information was largely anticipated given the financing secured to fund this specific campaign.
• Risk of Dilution: With drilling expected to complete in early Q4 2026 and results pending, there is a risk that if cash reserves are depleted before then, another capital raise may be required, further diluting shareholders.

• Company Name: Golden Cross Resources Inc. (TSXV: AUX).
• Flagship Project: Reedy Creek Gold Project, Victoria, Australia.
• Project Status: Exploration. No defined reserves or resources reported yet.
• Key Targets: Aurora Prospect, Welcome Reef, Prince of Wales, Shepherd's Hill.
• Geology: Orogenic gold system in the Lachlan Fold Belt. Historical production includes high-grade artisanal mining (e.g., 2m @ 174g/t Au).
• Land Package: >750 km² total footprint, adjacent to Southern Cross Gold’s Sunday Creek discovery.