GOLDEN CROSS RESOURCES LTD — Director's Dealing 2005

Nov 10, 2005

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	30 November 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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	1,052,631 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	10 November 2005
No. of securities held prior to change	19,371,289 shares and 1.5 million Director Options exercisable at 15 cents by 30 November 2006
Class	Ordinary shares
Number acquired	1,052,631 shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$40,000 (3.8 cents per share)
No. of securities held after change	20,423,920 shares and 1.5 million Director Options exercisable at 15 cents by 30 November 2006

⁺ See chapter 19 for defined terms.

Nature of change	1,052,631 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 9
	November 2005.

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

11 November 2005

$+$ See chapter 19 for defined terms.