GOLDEN CROSS RESOURCES LTD — M&A Activity 2016

Mar 2, 2016

GOLDEN CROSS RESOURCES LTD ABN 65 063 075 178

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304/66 Berry Street North Sydney NSW 2060 Phone (02) 9922 1266 Fax (02) 9922 1288

3 March 2016

HQ Mining Takeover Offer – Consideration Received For Dispatch

Golden Cross Resources Ltd ( Company ) refers to the off-market takeover bid by HQ Mining Resources Holding Pty Ltd ( HQ Mining ) for all of the shares in the Company it does not already own ( Offer ).

In accordance with the terms of the Offer, and as detailed in HQ Mining’s announcement on 3 February 2016 titled ‘HQ Mining Takeover Offer Now Unconditional’, the consideration payable under the Offer ( Consideration ) was to be provided to shareholders who accepted the Offer ( Accepting Shareholders ) on Friday, 19 February 2016.

Today, HQ Mining confirmed with the Company that Computershare Investor Services Pty Limited ( Computershare ) is now in receipt of the total Consideration payable to Accepting Shareholders. Computershare have commenced the process of dispatching the Consideration payable to Accepting Shareholders.

Please find attached communication from HQ Mining confirming the total Consideration has been deposited to Computershare and is to be dispatched today to Accepting Shareholders.

Mark Sykes

Chairman

017-8104-2178/4/AUSTRALIA

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HQ Mining Resources Holding Pty Ltd

HQ MINING TAKEOVER BID – TAKEOVER CONSIDERATION

3 March 2016

• HQ Mining Resources Holding Pty Ltd ( HQ Mining ) refers to its off market takeover bid for all the ordinary shares in Golden Cross Resources Ltd which it did not already own.

• HQ Mining advises that A$4,455,961.14, being all of the takeover consideration payable to accepting shareholders has been transferred by HQ Mining and received by Computershare Investor Services Pty Limited ( Computershare ).

• Computershare has been instructed to distribute the takeover consideration to accepting shareholders today.

Ends