Golden Cross closes C$3.75M private placement

Vancouver, British Columbia--(Newsfile Corp. - June 17, 2026) - Golden Cross Resources Inc. (TSXV: AUX) (OTCQB: ZCRMF) (FSE: ZMLO) ("Golden Cross" or the "Company") is pleased to announce that it has closed its non-brokered private placement of units, raising gross proceeds of C$3,750,000 (the "Private Placement"). The Private Placement consisted of the issuance of 22,058,821 units priced at $0.17 per unit (each, a " Unit "). Each Unit consists of one common share in the capital of the Company (a " Share ") and one half of one common share purchase warrant (each whole warrant, a " Warrant ").

Each Warrant entitles the holder to purchase one additional Share at a price of $0.30 per Share until June 17, 2028. The Company intends to use the proceeds of the Private Placement to accelerate exploration drilling and development of the Company's Reedy Creek high-grade gold project located in Victoria, Australia and for general working capital and administrative purposes. In connection with the closing of the Private Placement, Golden Cross paid cash finder's fees totaling C$102,078.59.

The Private Placement is subject to all necessary regulatory approvals, including the final approval of the TSX Venture Exchange. The securities issued under the Private Placement will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the Private Placement. Insiders of the Company purchased an aggregate of 300,000 Units in the Private Placement.

Such insider participation constitutes a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) thereof, as the fair market value of the securities subscribed for does not exceed 25% of the Company's market capitalization. About Golden Cross Resources Golden Cross Resources ( TSXV: AUX ) ( OTCQB: ZCRMF ) is a Canadian mineral exploration company focused on advancing the Reedy Creek gold project in Victoria, Australia.

Located just 10 km from Southern Cross Gold's Sunday Creek discovery, the project covers two contiguous tenements in one of Australia's most active epizonal gold corridors. For Further Information Contact: Matt Roma, Director & CEO +1-778-726-3356 info@goldencrossresources.com Additional information about Golden Cross can be found on its website: www.goldencrossresources.com and at www.sedarplus.ca . This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation relating plans for future exploration and drilling and the timing of same, the merits of the Company's mineral projects and other plans of the Company, including statements relating to the use of proceeds and completion of the Private Placement.