Southern Cross Gold Announces First Cut Fired at Sunday Creek Exploration Decline Portal

About this update from Southern Cross Gold Consolidated Ltd.

Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - June 29, 2026) - Southern Cross Gold Consolidated Ltd (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF) (FSE: MV3) ("SXGC", "SX2" or the "Company") advises that PYBAR Mining Services Pty Ltd ("PYBAR"), a Thiess company, has fired the first cut in the exploration decline (or tunnel) portal at the Company's Sunday Creek Gold-Antimony Project, 60 kilometres north of Melbourne, Victoria. This is the first new decline to be developed in the State of Victoria in approximately 20 years. The milestone follows the Resources Victoria Work Plan approval received in November 2025 and Premier Jacinta Allan's public endorsement of the project as a critical minerals jobs opportunity for Victoria. High Level Takeaways:  Michael Hudson, President & CEO states: "The Victorian Government approved our exploration decline on 27 November 2025. In the months since, we have established the surface infrastructure, the box cut, and we have now fired the first cut underground. This is the first new decline developed in Victoria in around 20 years, and a proud moment for everyone involved. "The firing of the first cut went as planned and was executed safely. Beyond this being a significant milestone for Sunday Creek, it is a significant milestone for the broader Victorian mining industry. Many people in our sector never get the opportunity to be part of something like this in their career, and I want to thank the PYBAR and SXGC teams onsite who made it happen.

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