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.

l Name of Director	Daven Timms
l Date of last notice l	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	Direct interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Not applicable
Date of change	24 January 2006
No. of securities held prior to change	414,194 shares, 82,839 quoted 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	165,678 shares and 82,839 quoted options
Number disposed	ΝiΙ
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$5,799 (3.5 cents per share)
No. of securities held after change	579,872 shares, 165,678 quoted options, and 1 million Director Options exercisable at 15 cents by 30 November 2006

⁺ See chapter 19 for defined terms.

Nature of change	Participation in shareholder entitlements offer of 2
of options, issue of securities under dividend	Example: on-market trade, off-market trade, exercise new shares and 1 free quoted option for every 5
reinvestment plan, participation in buy-back	shares held.

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.