Communications from HQ Mining Resources Holding Pty Ltd

The independent directors of Golden Cross Resources Limited (ASX: GCR) (Company) wish to inform shareholders that they have become aware that HQ Mining Resources Holding Pty Ltd (HQ Mining) has been communicating with certain of the Company’s shareholders in relation to the takeover bid for the Company announced by HQ Mining on 24 November 2015, and the annual general meeting of the Company to be held on 16 December 2015.

The independent directors, in conjunction with the Company’s legal advisers, are currently reviewing the content of the communications, including potentially misleading and deceptive content, and are considering available options which include making an application to the Takeovers Panel for appropriate orders.  In the meantime, the independent directors advise shareholders to be wary of recent communications from HQ Mining as they may contain misleading and deceptive statements.

The independent directors will provide a further update in due course.

Shareholders with any queries or concerns are encouraged to contact the Company at +61 2 9922 1266.


Jingmin Qian

Interim Chairman


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