Letter to Golden Cross Resources Shareholders

Letter to Shareholders from Golden Cross Resources Managing Director Kim Stanton-Cook

Dear Shareholder,

Your company is poised to move dramatically ahead. I wish to take this opportunity to make clear to you my firm belief that a mine at Copper Hill now looks more likely to proceed than at any time in the past.

Copper and gold prices are at very high levels. Many commentators expect them to remain relatively high with long-term projections showing demand exceeding supply. Slow discovery rates and a reduction in the number of copper-gold mines being developed in Australia and overseas lends weight to this view.

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