FURTHER HIGH-GRADE INFILL HITS CONTINUE TO BUILD CONFIDENCE AT SUNDAY CREEK

* 9 mineralised structures over 473 m, 8 assayed intervals greater than 50 g/t Au (up to 684 g/t Au)
* Includes 0.9 m @ 327.7 g/t Au

Melbourne, Australia — Southern Cross Gold Ltd (“SXG” or the “Company”) (ASX:SXG) announces results from three diamond drill holes (SDDSC110, 113 and 114) from the Rising Sun prospect, at the 100%-owned Sunday Creek Project in Victoria (Figures 1 to 7 in the announcement released to the ASX on 15 April 2024).

HIGHLIGHTS
• SDDSC113 was drilled to test the strike extent and continuity of four high-grade vein sets. All high-grade targets were intersected as expected, with drill highlights:
o 0.9 m @ 156.8 g/t AuEq (156.0 g/t Au, 0.4% Sb) from 468.1 m
o 15.5 m @ 5.0 g/t AuEq (3.4 g/t Au, 0.9% Sb) from 558.0 m
o 5.3 m @ 13.7 g/t AuEq (10.5 g/t Au, 1.7% Sb) from 575.6 m
o 0.9 m @ 332.9 g/t AuEq (327.7 g/t Au, 2.8% Sb) from 702.4 m
o 1.2 m @ 17.4 g/t AuEq (16.9 g/t Au, 0.3% Sb) from 736.0 m
o 4.1 m @ 23.4 g/t AuEq (22.6 g/t Au, 0.4% Sb) from 751.0 m

• SDDSC113 intercepted nine mineralised structures over 473 m @ 1.7 g/t AuEq (1.6 g/t Au, 0.1% Sb) uncut and contains eight assayed intervals greater than 50 g/t Au (up to 684 g/t Au) and six intervals greater than 5% Sb (up to 18.4% Sb). Cumulatively the hole returned 794 AuEq g/t x m.

• SDDSC114 was designed to test a specific target on the RS100 vein set. It also tested a new vein set (RS55_L) now defined from two adjacent holes:
o 2.7 m @ 18.1 g/t AuEq (14.5 g/t Au, 1.9% Sb) from 628.5 m
o 2.7 m @ 19.7 g/t AuEq (19.2 g/t Au, 0.3% Sb) from 766.5 m

• Six drillholes at Sunday Creek are being processed and analysed, with four holes in progress.

Southern Cross Gold’s Managing Director, Michael Hudson, states, “Sunday Creek’s systematic and unabated production of multiple high-grade gold and antimony drill results continues. Holes released here were targeted primarily at 30 m to 50 m spacing between previous high-grade intersections at Rising Sun. On multiple occasions the high-grade target zones were intersected as expected, showing the understanding and resultant predictability of the Sunday Creek gold-antimony project. A gold system that demonstrates predictability at these drill spacings ultimately delivers mineralisation that can potentially produce ounces at a much lower cost.

“Our strategy is to focus on grade and volume expansion to demonstrate the district scale of Sunday Creek. Big systems have big footprints. With only one third of our core 1 km x 1 km drill area tested, and with a 10 km strike extension to the system, we are still in the early days of our discovery journey.

“Sunday Creek compares extremely favourably with globally significant high-grade gold discoveries at this stage of the project’s development. Cumulatively, 113 drill holes for 46,289 m have been reported from Sunday Creek. The project now contains a total of thirty-four greater than 100 g/t AuEq x m and thirty-eight 50 to 100 g/t AuEq x m drill holes by applying a 2 m @ 1 g/t lower cut.

“SXG is fully permitted and has four drill rigs operating. Our intention is to increase drill capacity over the next quarter. Ten holes are being processed or in progress and we look forward to continued news flow.”

Pending Results and Update
Six holes (SDDSC111-112, 112W1, 115A, 116, 117) are currently being processed and analysed, with four holes (SDDSC118, 119, 120, 121) in progress (Figures 1 and 2).


For complete information
Please refer to the announcement released to the ASX on 15 April 2024 which can be viewed on the website www.southerncrossgold.com.au. Please also refer to the disclaimer found at the end of the video and below.

Important Note - Not financial advice
This video is provided for information purposes only and should not be construed as offering financial advice. Please consult professional advice before making any investment decisions, Southern Cross Gold Ltd may not be suitable for your investment needs.

Competent Person Statement
Information in the announcement that relates to new metallurgical results contained in this report is based on information compiled by Mr. Craig Brown, a Fellow of the Australasian Institute of Mining and Metallurgy can be found in the ASX Announcement.

Important Note: The potential quantity and grade of the Exploration Target is conceptual in nature
and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource
and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code.