Southern Cross Gold Updates Exploration Target at Sunday Creek Gold-Antimony Project, Victoria, Australia

About this update from Southern Cross Gold Consolidated Ltd.

Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - August 4, 2026) - Southern Cross Gold Consolidated Ltd (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF) (FSE: MV3) ("SXGC", "SX2" or the "Company") announces an updated Exploration Target for the 100%-owned Sunday Creek Gold-Antimony Project in Victoria, Australia (Figures 1 and 2).HIGHLIGHTSThe estimated range of potential mineralization for the Exploration Target is (also see Table 1): 10.4 – 11.9 million tonnes grading from 8.9 g/t gold equivalent (“AuEq”) to 12.1 g/t AuEq for:3.0 Moz AuEq to 4.6 Moz AuEqThe potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been completed in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 Edition ("JORC"). * (AuEq = Au (g/t) + 2.39 x Sb (%)) Differences may occur in totals due to rounding.Michael Hudson, President & CEO, states: "We've grown this Exploration Target from three prospects to five, from 1,020 metres of strike to over 1,500 metres and we are nowhere near done."The target captures less than 15% of the 11 km mineralized corridor. Extensions at depth remain open below every prospect. Christina was added for the first time to the Exploration Target calculation. Golden Dyke and Apollo East have added significantly."Nine rigs are turning on site with two more testing regional targets up to 8 km away. We have 35 km of core in the shed, being logged and awaiting results, and expect to complete another 135 km of drilling through to Q1 2027. Every hole we drill either extends what we know or opens something new."The path forward is clear. The geology keeps delivering. Our job is to keep drilling."Exploration TargetThe updated Exploration Target contains 3.0 to 4.6 Moz AuEq at grades of 8.9 to 12.1 g/t AuEq across 10.4 to 11.9 million tonnes, representing the Christina, Golden Dyke, Rising Sun, Apollo and Apollo East prospects along 1,500 m of strike. The Exploration Target is based on 125 vein set shapes constrained to dia...

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