GOLDEN CROSS RESOURCES LTD — Director's Dealing 2003

Jan 30, 2003

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	Erwin Clayton
l Date of last notice.	6 November 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	Direct interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	87,719 shares issued under GCR Share Purchase Plan
Date of change	29 January 2003
No. of securities held prior to change	450,000 GCR shares
Class	Ordinary shares
Number acquired	87,719
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation.	\$5,000 (5.7 cents per share)
No. of securities held after change	537,719 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 under the GCR Share Purchase Plan announced to ASX on 29 November 2002.

$\overline{\text{+ See chapter 19}}$ 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

Daven Timms Company Secretary

31 January 2003

⁺ See chapter 19 for defined terms.