GOLDEN CROSS RESOURCES LTD — Director's Dealing 2006

Jan 30, 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	Christopher Ryan
l Date of last notice.	11 January 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	Securities held by R & B Investments Pty Ltd
(including registered holder)	, the trustee for the
Note: Provide details of the circumstances giving rise	Ryan family superannuation fund.
to the relevant interest.
Date of change	24 January 2006
No. of securities held prior to change	662,500 shares, 132,500 options and 1 million
	Director Options exercisable at 15 cents by 30
	November 2006
Class	Ordinary shares and quoted options exercisable
	at 5 cents by 30.9.06
Number acquired	795,000 shares and 397,500 options
Number disposed	Nil
Value/Consideration	\$27,825 (3.5 cents per share)
Note: If consideration is non-cash, provide details
and estimated valuation
No. of securities held after change	1,457,500 shares, 530,000 quoted options, and 1
	million Director Options exercisable at 15 cents by
	30 November 2006

⁺ See chapter 19 for defined terms.

Nature of change of options, issue of securities under dividend reinvestment plan, participation in buy-back	Participation in shareholder entitlements offer, of Example: on-market trade, off-market trade, exercise 2 new shares and 1 free quoted option for every 5 shares held, and in shortfall offer as approved by
	shareholders at the General Meeting on 20 January 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

31 January 2006

$+$ See chapter 19 for defined terms.