GOLDEN CROSS RESOURCES LTD — M&A Activity 2015

Dec 22, 2015

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HQ Mining Resources Holding Pty Ltd

The Manager Company Announcements Office ASX Limited

23 December 2015

Dear Sir / Madam

Takeover bid by HQ Mining Resources Holding Pty Ltd ABN 38 133 870 256 for Golden Cross Resources Limited – Notice of Variation (increase in consideration)

We, HQ Mining Resources Holding Pty Ltd (ABN 38 133 870 256) ( HQ Mining ) attach a formal notice of variation which was lodged with ASIC and Golden Cross Resources Limited ( Golden Cross ) today (and which will be sent to Golden Cross shareholders) that increases the Offer Price from 7.0 cents to 8.25 cents per ordinary share.

Yours sincerely

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Yan Li Director HQ Mining