GOLDEN CROSS RESOURCES LTD — Director's Dealing 2004

Nov 29, 2004

Appendix 3Y

Rule 3,19A.2

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

ABN 65 063 075 178

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
l Date of last notice l	1 September 2004

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 (1) 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	1,250,000 shares were issued to the trustee of the
(including registered holder)	GCR Employee Share Acquisition Scheme,
Note: Provide details of the circumstances giving rise	Golden Cross Plan Managers Pty Ltd, to be held
to the relevant interest.	on behalf of David Timms.
Date of change	30 November 2004
No. of securities held prior to change	18,121,289 shares and 1.5 million Director
	Options exercisable at 15 cents by 30 November
	2006
Class	Ordinary shares
Number acquired	1,250,000 shares
Number disposed	Nil
Value/Consideration	\$62,500 (5 cents per share)
Note: If consideration is non-cash, provide details
and estimated valuation
No. of securities held after change	19,371,289 shares and 1.5 million Director
	Options exercisable at 15 cents by 30 November
	2006

⁺ See chapter 19 for defined terms.

Nature of change	1,250,000 shares issued under the GCR Share
of options, issue of securities under dividend reinvestment plan, participation in buy-back	Example: on-market trade, off-market trade, exercise Acquisition Scheme. The shares were issued in
	lieu of salary sacrifice, as approved by
	shareholders at the Company's AGM on 10
	November 2004.

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

30 November 2004

$+$ See chapter 19 for defined terms.