GOLDEN CROSS RESOURCES LTD — Director's Dealing 2003

Nov 18, 2003

Rule 3.19A.2

Appendix 3Y

Change of Director's 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

65 063 075 178 ABN

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	3 January 2003

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.	487,500 shares were issued to the trustee of the GCR employee Share Acquisition Scheme, Golden Cross Plan Managers Pty Ltd, to be held on behalf of David Timms.
Date of change	13 November 2003
No. of securities held prior to change	13,975,795 shares
Class	Ordinary shares
Number acquired	487,500
Number disposed	ΝiΙ
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$43,875 (9 cents per share)
No. of securities held after change	14,463,295 shares. 1.5 million Director Options exercisable at 15c by 30 November 2006.

⁺ See chapter 19 for defined terms.

Nature of change	487,500 shares issued under the GCR Share
back	Example: on-market trade, off-market trade, Acquisition Scheme. The shares were issued in exercise of options, issue of securities under lieu of salary sacrifice, as approved by dividend reinvestment plan, participation in buy- shareholders at the Company's AGM on 11 November 2003.

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

19 November 2003

⁺ See chapter 19 for defined terms.