Southern Cross Gold Hits 26.2 g/t Gold in First Deep Drilling Beneath Historic Redcastle Goldfield

About this update from Southern Cross Gold Consolidated Ltd.

Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - July 15, 2026) - Southern Cross Gold Consolidated Ltd  (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF) (FSE: MV3) ("SXGC", "SX2" or the "Company")  announces results from two drill holes from the 100%-owned Redcastle Project in Victoria (Figures 1 to 7). Redcastle is located 64 km to the NNW of the Company's Sunday Creek project (Figure 7). Best results included 26.2 g/t Au over 0.14 m from 112.98 m and 15.4 g/t Au over 0.22 m from 321.84 m in drill hole SDDRE016 at the Laura prospect, two of eight individual high-grade gold intervals from that hole, which confirmed Costerfield-style gold-antimony mineralization including visible gold over more than 250 m of vertical extent. The true thickness of the mineralized intervals is interpreted to be approximately 70% to 85% of the sampled thickness for all reported holes. Four High Level Takeaways: Michael Hudson, President & CEO, states: "These are the first deep holes ever drilled beneath the Laura prospect at Redcastle, and they have done exactly what we hoped. We have intersected high-grade gold, visible gold and antimony in the same Costerfield-style vein architecture that has made this corner of Victoria one of the highest-grade gold endowments on earth.

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