GOLDEN CROSS RESOURCES LTD — Director's Dealing 2003

Jul 3, 2003

Appendix 3X

Rule 3,19A.1

Initial 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
ABN 65 063 075 178

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Christopher Torrey
Date of appointment	1 July 2003

Part 1 - Director's relevant interests in securities of which the director is the reaistered holder

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

Number & class of securities
150,000	27.7.2003 Employee Options ex 10c
125,000	19.12.2003 Employee Options ex 10c
125,000	12.7.2004 Employee Options ex 10c
140,000	18.12.2004 Employee Options ex 10c
150,000	26.6.2005 Employee Options ex 10c
140,000	22.12.2005 Employee Options ex 10c
150,000	27.6.2006 Employee Options ex 10c
150,000	21.12.2006 Employee Options ex 10c
150,000	28.6.2007 Employee Options ex 10c
160,000	20.12.2007 Employee Options ex 10c
160,000	25.6.2008 Employee Options ex 10c
1,600,000	TOTAL EMPLOYEE OPTIONS

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

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.

See over.

⁺ See chapter 19 for defined terms.

Name of holder & nature of Number & class of Securities interest	398,800 ordinary shares in GCR.
Held Golden Cross – Plan - by Managers, the trustee for the GCR staff Share Acquisition Scheme

Part 3 - 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	N/A
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

Daven Timms Company Secretary 04 July 2003

$+$ See chapter 19 for defined terms.