GOLDEN CROSS RESOURCES LTD — Director's Dealing 2007

Feb 14, 2007

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 Torrey
Date of last notice	28 September 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.	ΝA
Date of change	12 February 2007 13 February 2007
No. of securities held prior to change	747,759 shares, 1.970 million Employee Options exercisable at 10 cents at various dates on or before 31.3.11 (see overleaf).
Class	Ordinary fully paid shares
Number acquired	Nil
Number disposed	11,205 $-12$ February 2007 $236,554 - 13$ February 2007
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	5 cents per share

⁺ See chapter 19 for defined terms.

No. of securities held after change	500,000 shares, and the following Employee Options: 150,000 28.6.2007 Employee Options ex 10c 20.12.2007 Employee Options ex 10c 160,000 25.6.2008 Employee Options ex 10c 160,000 11.11.2008 Employee Options ex 10c 500,000 31.3.2011 Employee Options ex 10c 1,000,000 TOTAL EMPLOYEE OPTIONS 1,970,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market sale of 247,759 shares

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 15 February 2007

$+$ See chapter 19 for defined terms.