Golden Cross Resources Ltd

Annual General Meeting History House, Macquarie Street, Sydney 17th November 2011

Managing Director – Kim Stanton-Cook,

Disclaimer

This material contains certain forecasts and forward-looking information, including information about possible or assumed future performance, exploration results, resources or potential growth of Golden Cross Resources Ltd (GCR), industry growth or other trend projections.

Such forecasts and information are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors, many of which are beyond the control of Golden Cross Resources Ltd. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements, depending on a variety of factors.

Nothing in this material should be construed as the solicitation of an offer to buy or sell GCR securities.

Corporate Directory Board of Directors

Chris Torrey Chairman Kim Stanton-Cook Managing Director Company Secretary Simon Lennon

Li Xiaoming Non Executive Director Jingmin Qian Non Executive Director Suzanne Qiu Non Executive Director David Timms Non Executive Director Li Yan Alternate Director for Mr Li Exploration Manager Bret Ferris

Issued Share Capital

Golden Cross Resources Ltd has 1,361 million ordinary shares on issue listed on the ASX.

Registered Office

Golden Cross Resources Ltd 22 Edgeworth David Avenue Hornsby NSW 2077 Phone: (61 2) 9472 3500 Fax: (61 2) 9482 8488

www.goldencross.com.au

Golden Cross Resources has six full-time employees, four part-time employees and retains one full-time mining consultant and three part-time consultants

Copper Hill is well located in the Central West of NSW.

Only four hours drive from Sydney, the project is well served with high quality roadrail-power infrastructure.

The people of the nearby town of Molong are generally supportive of mining at Copper Hill.

Northparkes 80 km to northwest

Molong township

Copper Hill

Wattle Hill

Buckley's Hill Boundary

Copper Hill, aerial view looking south

Copper Hill

Total Geological Resource @ 0.2% copper cut-off 197 million tonnes

0.31% copper and 0.26 g/t gold

A new Resource Estimate has been completed and is under review

2 million tonnes per annum mill throughput under consideration

Lower capital costs
Faster time-line to production
Reduced water & power requirements
Less complex approval process

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The optimised pit was generated using Whittle software to maximise undiscounted cash flow using US\$5.30/lb copper and US\$2,120/oz gold commodity prices and recoveries of 85% for copper and 80% for gold and 45o overall pit slopes. The table above reports the resources that fall inside the pit shell on the left-hand side and the resource that is outside the shell on the right hand-side. The resource that falls inside the pit does not constitute a reserve. The block model size has been increased in plan and vertical extents to take into account the growing resource.

The Resource Estimates were performed by Dr Phillip Hellman, a Director of Hellman & Schofield (H&S), Consulting Geologists and specialists in resource estimation and geostatistics. Dr Hellman is a Fellow of the Australian Institute of Geoscientists (AIG), has more than five years experience in the field of activity in which he is reporting and consents to his report being incorporated into this report in the context in which it appears above.

GCR provided the drill hole database, which H&S has accepted in good faith as being reliable, accurate and complete. GCR also supplied a detailed geological interpretation of the Copper Hill deposit, which formed the framework for the resource estimates. The responsibility for the JORC Codes "reasonable prospects for eventual economic extraction", is taken by GCR. H&S has not validated the GCR database or geological interpretation in any detail, so responsibility for these aspects of the resource estimates, including the quality of the data, resides with GCR.

Note: The Measured, Indicated and Inferred Resource Estimates are reported under the 2004 JORC Code and Guidelines. Significant figures quoted do not imply precision and are used to minimise round-off errors.

Production Strategy Scenario

Stage 1

10 Mt ore at 0.49% copper and 0.55g/t gold to produce 36,500 tonnes copper and 79,100 ounces gold in concentrate.

2 million tonnes per annum to mill, manageable capex, early cash flow generated, 3-year pay-back possible

Production Strategy Scenarios 2 & 3 (Mill expansion capacity will be built into initial design)

Stage 2

9.7 Mt ore at 0.40% copper and 0.40 g/t gold to produce

29,200 tonnes copper and 55,900 ounces gold in concentrate.

Stage 3

10.6 Mt ore at 0.32% copper and 0.32g/t gold 26,100 tonnes copper and 49,300 ounces gold in concentrate.

Production Strategy Scenario 4

Perhaps by now expanded to 6 – 8 Mtpa capacity

Stage 4

72.8 Mt ore at 0.24% copper and 0.23g/t gold to produce 132,400t tonnes copper and 245,300 ounces gold in concentrate.

…contingent on sustained copper and gold prices around current spot…

Future Extensions

Buckley's Hill Drilling

Substantial intersections, increasing thickness of over 300 metres and with better than average grades over wide intervals

Future Extensions

Within the central Copper Hill deposit, one interval is within reach of current pit planning with 71 metres grading 0.56% copper and 1.04 g/t gold from 25 metres.

The potential 100Mt pit would capture the next interval of 174 metres grading 0.40% copper and 0.40 g/t gold from 121 metres.

Other GCR Projects

Cargo

A porphyry copper-gold system 20km west of Cadia Valley Operations.

New targets are the goldbearing eluvials at Gum Flat and the gold-bearing radial quartz veins at Dalcoath – Spur and Essex.

Previous intersection: 2 metres @ 44g/t gold

Core drilling is underway with four holes completed and assays awaited.

Canbelego – Nymagee - Rast Projects

Copper – Gold – Lead – Zinc

GCR's Burra and Block 51 deposits. New target from airborne magnetics. More drilling required.

MMG continues exploring under the joint venture at Wagga Tank and Gilgunnia Range tenements.

Rast tenements remain prospective but under cover

South Australia IOCG

Iron Oxide Copper Gold

GCR has defined encouraging coincident magnetic-gravity anomalies in several tenements within the Structural Corridor which hosts Carapateena, Olympic Dam & Prominent Hill.

The SR11 anomaly within the Oolgelima Hill EL is a walkup drill target, and negotiations for land access from Native Title Claimants are well advanced.