GOLDEN CROSS RESOURCES LTD — Director's Dealing 2006

Apr 20, 2006

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
Date of last notice	14 March 2006

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.	Employee Options issued to spouse, Jennifer Anne Timms.
Date of change	13 April 2006
No. of securities held prior to change	24,693,489 shares, 8,169,574 quoted options and 1.5 million Director Options exercisable at 15 cents by 30 November 2006.
Class	Employee Options exercisable at 10 cents by 31 March 2011
Number acquired	1,000,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	24,693,489 shares, 8,169,574 quoted options, 1.5 million Director Options exercisable at 15 cents by 30 November 2006, and 1,000,000 employee options exercisable at 10 cents by 31 March

⁺ See chapter 19 for defined terms.

Nature of change	Issue of Employee Options following approval by
of options, issue of securities under dividend	Example: on-market trade, off-market trade, exercise shareholders in general meeting on 30 March
reinvestment plan, participation in buy-back	2006.

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 21 April 2006

$+$ See chapter 19 for defined terms.