Southern Cross Gold Ltd. has released results from two diamond drillholes from the Rising Sun prospect at its 100%-owned Creek Project in Victoria, Australia. Both holes intersected multiple high-grade structures and were successful in extending mineralization beyond the bounds of the modelled mineralized domains as well as defining continuity in other areas. SDDSC115A was designed to test the footwall position of two high-grade vein sets and intercepted 11 mineralized structures, five of which are high-grade.

This hole contains six assayed intervals of > 50 g/t Au (up to 202 g/t Au), and five assayed intervals > 5% Sb (up to 26.3% Sb). The hole traversed through the centre of the dyke/breccia host and provided continuity information in the plane of the 11 vein sets. High-grade continuity is well demonstrated in vein set RS55_L where SDDSC115A drilled 3.2 m (ETW 2.5 m) @ 48.2 g/t AuEq (45.3 g/t Au, 1.5% Sb) from 643.4m (2 m @ 0.5 g/t Au lower cut) including 1.3 m @ 90.2 g/t AuEq from 643.4 m and 0.3 m @ 116.1 g/t AuEq from 646.3 m, which was located 68 m down-plunge of previously reported SDDSC107(4.7 m @ 76.6 g/t AuEq), suggesting the possibility of a new high-grade mineralized domain.

Highlights from SDDSC115A include: 5.5 m @ 1.7 g/t AuEq (0.8 g/t Au, 0.5% Sb) from 512.4 m, including: 0.3 m @ 6.1 g/t AuEq (2.4 g/t Au, 2.0% Sb) from 517.6 m 1.5 m @ 12.4 g/t AuEq (10.6 g/t Au, 1.0% Sb) from 532.6 m including: 1.2 m @ 15.3 g/t AuEq (13.2 g/t Au, 1.1% Sb) from 533.0 m 3.3 m @ 6.4 g/t AuEq (2.6 g/t Au, 2.0% Sb) from 563.6 m including: 0.8 m @ 6.7 g/t AuEq (5.1 g/t Au, 0.9% Sb) from 563.6 m 1.2 m @ 11.3 g/t AuEq (3.1 g/t Au, 4.4% Sb) from 565.7 m 0.2 m @ 25.9 g/t AuEq (15.4 g/t Au, 5.6% Sb) from 573.7 m 10.4 m @ 3.0 g/t AuEq (1.2 g/t Au, 1.0% Sb) from 580.0 m, including: 0.3 m @ 53.8 g/t AuEq (13.9 g/t Au, 21.2% Sb) from 580.2 m 0.2 m @ 7.2 g/t AuEq (3.1 g/t Au, 2.2% Sb) from 587.7 m 3.2 m @ 48.2 g/t AuEq (45.3 g/t Au, 1.5% Sb) from 643.4m (ETW 2.5 m), including: 1.3 m @ 90.2 g/t AuEq (84.9 g/t Au, 2.8% Sb) from 643.4 m 0.3 m @ 116.1 g/t AuEq (109.0 g/t Au, 3.8% Sb) from 646.3 m 0.3 m @ 87.2 g/t AuEq (86.4 g/t Au, 0.4% Sb) from 707.7 m 0.1 m @ 95.3 g/t AuEq (87.1 g/t Au, 4.3% Sb) from 719.5 m 3.4 m @ 2.8 g/t AuEq (2.7 g/t Au, 0.1% Sb) from 746.0 m, including: 0.3 m @ 15.4 g/t AuEq (15.3 g/t Au, 0.1% Sb) from 747.3 m 3.8 m @ 4.0 g/t AuEq (3.2 g/t Au, 0.5% Sb) from 874.3 m, including: 0.4 m @ 12.9 g/t AuEq (12.9 g/t Au, 0.0% Sb) from 875.6 m. SDDSC117 was designed to test the strike continuity of two high-grade targets in the footwall of the mineralized host and intercepted seven mineralized structures. This hole contains 3 assayed intervals of > 20 g/t Au (up to 473.0 g/t Au). SDDSC117 drilled along the footwall contact at a high intersection angle to mineralized vein sets.

The high-grade intercept in the RS110 location (0.5 m @ 473.1 g/t AuEq) highlights the potential for high grade internal shoots and linking features within known planes of mineralization. Highlights from SDDSC117 include: 13.3 m @ 1.2 g/t AuEq (0.6 g/t Au, 0.3% Sb) from 606.6 m, including: 0.2 m @ 7.9 g/t AuEq (0.9 g/t Au, 3.7% Sb) from 606.6 m 3.5 m @ 1.4 g/t AuEq (0.6 g/t Au, 0.4% Sb) from 644.4 m 0.5 m @ 6.0 g/t AuEq (3.6 g/t Au, 1.3% Sb) from 652.1 m 2.0 m @ 5.6 g/t AuEq (5.6 g/t Au, 0.0% Sb) from 715.4 m 8.7 m @ 4.1 g/t AuEq (3.5 g/t Au, 0.3% Sb) from 741.9 m, including: 1.1 m @ 21.5 g/t AuEq (20.9 g/t Au, 0.3% Sb) from 745.8 m 0.5 m @ 473.1 g/t AuEq (473.0 g/t Au, 0.0% Sb) from 913.6 m 2.5 m @ 2.4 g/t AuEq (2.4 g/t Au, 0.0% Sb) from 934.7 m, including: 0.2 m @ 11.3 g/t AuEq (11.3 g/t Au, 0.0% Sb) from 934.7 m 0.4 m @ 9.1 g/t AuEq (9.1 g/t Au, 0.0% Sb) from 936.8 m. Pending Results and Update Seven holes (SDDSC114W1, 118, 119, 119W1, 120, 121, 123) are currently being processed and analyzed, with four holes (SDDSC121W1, 122, 124, 125) in progress Increasing Drilling Program The SXG Board has approved plans to drill 60 km over the next year, with the fifth drill rig to commence within weeks and a sixth rig to arrive during September 2024. Over the next week SXG will commence a NAVI drilling program.

NAVI drilling is a specialized drilling application utilizing down hole motors to make alterations to the direction of a diamond core drill hole. Detailed drilling (at approximately 20 m spacing) will be undertaken around super high-grade areas with the aim to build further confidence of grade continuity between high-grade intersections by drilling branch holes off an already drilled ?parent hole'.