GOLDEN CROSS RESOURCES LTD — Director's Dealing 2002

Dec 22, 2002

Appendix 3Y

Rule 3.19A.2

Change of Directors' Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity GOLDEN CROSS RESOURCES LTD

ABN 65063075178

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the directors for the purposes of section 205G of the Corporations Act.

Name of Director	David Timms
Date of last notice	14 August 2002

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (I) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	731,250 shares were issued to the trustee of the GCR employee Share Acquisition Scheme, Golden Cross Plan Managers Pty Ltd, to be held for David Timms
Date of change	20 December 2002
No. of securities held prior to change	13,156,826 GCR shares
Class	Ordinary shares
Number acquired	731,250
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation.	\$43,875 (6 cents per share)
No. of securities held after change	13,888,076 GCR shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	The shares were issued in lieu of salary sacrifice, as approved by shareholders at the Company's AGM on 27 November.

$\overline{\text{+ See chapter 19}}$ for defined terms.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	Not applicable
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change Note: Details are only required for a contract
in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide
details and an estimated valuation
Interest after change

Name of Director	Kerry McHugh
Date of last notice	6 August 2002

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (I) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	166,667 shares were issued to trustee of the GCR employee Share Acquisition Scheme, Golden Cross Plan Managers Pty Ltd, to be held for Kerry McHugh.
Date of change	20 December 2002

⁺ See chapter 19 for defined terms.

No. of securities held prior to change	372,411 GCR shares
Class	Ordinary shares
Number acquired	166,667
Number disposed	ΝiΙ
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$10,000 (6 cents per share)
No. of securities held after change	539,078 GCR shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	The shares were issued in lieu of salary sacrifice, as approved by shareholders at the Company's AGM on 27 November.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	Not applicable
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Daven Timms Company Secretary

23 December 2002

⁺ See chapter 19 for defined terms.