Southern Cross Gold Announces Receipt of Conditional Acceptance to List on Toronto Stock Exchange

Rhea-AI Summary

Southern Cross Gold (MWSNF) has received conditional approval to upgrade its listing from the TSX Venture Exchange to the Toronto Stock Exchange (TSX). The company will maintain its listing on the Australian Securities Exchange (ASX) under the symbol SX2. The final TSX listing approval depends on meeting standard documentation requirements. Once approved, the company's shares will be delisted from TSXV and begin trading on TSX under the symbol SXGC. Shareholders won't need to take any action as the trading symbol and CUSIP will remain unchanged. The exact trading commencement date on TSX will be announced later.

Positive

• Upgrade to a major exchange (TSX) enhances company visibility and credibility
• Potential for increased trading liquidity and broader investor access
• Dual-listing status on TSX and ASX maintained, providing access to multiple markets

Negative

• None.

Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - June 19, 2025) - Southern Cross Gold Consolidated Ltd (TSXV: SXGC) (ASX: SX2) (OTC Pink: MWSNF) (FSE: MV3) ("SXGC", "SX2" or the "Company") is pleased to announce that it has received conditional approval to list its common shares on the Toronto Stock Exchange ("TSX") and graduate from the TSX Venture Exchange ("TSXV"). The Company will continue to trade on the Australian Securities Exchange ("ASX") under the trading symbol "SX2".

Final approval of the listing is subject to the Company meeting certain customary requirements of the TSX, including receipt of all required documentation. Upon receipt of the final TSX approval, the Company's common shares will be delisted from the TSXV and commence trading on the TSX under the same trading symbol "SXGC". The Company will issue a news release once it has confirmed the date when trading of the common shares is expected to commence on the TSX.

Shareholders are not required to exchange their share certificates or direct registration system advices, or take any other action in connection with the listing on the TSX, as there will be no change in the trading symbol or CUSIP for the common shares.

About Southern Cross Gold Consolidated Ltd. (TSXV: SXGC) (ASX: SX2)

Southern Cross Gold Consolidated Ltd. (TSXV: SXGC) (ASX: SX2) controls the Sunday Creek Gold-Antimony Project located 60 km north of Melbourne, Australia. Sunday Creek has emerged as one of the Western world's most significant gold and antimony discoveries, with exceptional drilling results including 66 intersections exceeding 100 g/t AuEq x m from just 84 km of drilling. The mineralization follows a "Golden Ladder" structure over 12 km of strike length, with confirmed continuity from surface to 1,100 m depth.

Sunday Creek's strategic value is enhanced by its dual-metal profile, with antimony contributing approximately 20 % of the in-situ value alongside gold. This has gained increased significance following China's export restrictions on antimony, a critical metal for defense and semiconductor applications. Southern Cross' inclusion in the US Defense Industrial Base Consortium (DIBC) and Australia's AUKUS-related legislative changes position it as a potential key Western antimony supplier. Importantly, Sunday Creek can be developed primarily based on gold economics, which reduces antimony-related risks while maintaining strategic supply potential.

Technical fundamentals further strengthen the investment case, with preliminary metallurgical work showing non-refractory mineralization suitable for conventional processing and gold recoveries of 93-98% through gravity and flotation.

With a strong cash position, over 1,000 Ha of strategic freehold land ownership, and a large 60 km drill program planned through Q3 2025, SXGC is well-positioned to advance this globally significant gold-antimony discovery in a tier-one jurisdiction.

- Ends -

This announcement has been approved for release by the Board of Southern Cross Gold Consolidated Ltd.

For further information, please contact:

Mariana Bermudez - Corporate Secretary - Canada

mbermudez@chasemgt.com or +1 604 685 9316

Executive Office: 1305 - 1090 West Georgia Street Vancouver, BC, V6E 3V7, Canada

Nicholas Mead - Corporate Development

info@southerncrossgold.com or +61 415 153 122

Justin Mouchacca, Company Secretary - Australia

jm@southerncrossgold.com.au or +61 3 8630 3321

Subsidiary Office: Level 21, 459 Collins Street, Melbourne, VIC, 3000, Australia

Forward-Looking Statement

This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. All statements other than statements of present or historical fact are forward-looking statements including without limitation statements related to satisfaction of the TSX listing requirements and the receipt of final TSX approval to list the Company's common shares on the TSX. Forward-looking statements include words or expressions such as "proposed", "will", "subject to", "near future", "in the event", "would", "expect", "prepared to" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include failure of the Company to satisfy TSX listing requirements and to obtain final TSX approval to list the Company's common shares on the TSX, general business, economic, competitive, political, social uncertainties; the state of capital markets, unforeseen events, developments, or factors causing any of the expectations, assumptions, and other factors ultimately being inaccurate or irrelevant; and other risks described in the Company's documents filed with Canadian or Australian securities regulatory authorities (under code SX2). You can find further information with respect to these and other risks in filings made by the Company with the securities regulatory authorities in Canada or Australia (under code SX2), as applicable, and available for the Company in Canada at www.sedarplus.ca or in Australia at www.asx.com.au (under code SX2). Documents are also available at www.southerncrossgold.com. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256093

FAQ

What is the significance of Southern Cross Gold's TSX listing approval?

The TSX listing approval represents an upgrade from the TSX Venture Exchange to Canada's largest stock exchange, potentially providing greater visibility, trading volume, and access to a broader investor base.

Will MWSNF shareholders need to take any action for the TSX listing?

No, shareholders are not required to take any action, exchange share certificates, or make any changes as the trading symbol and CUSIP will remain the same.

What stock exchanges will Southern Cross Gold be listed on?

Southern Cross Gold will be listed on the Toronto Stock Exchange (TSX) under SXGC and the Australian Securities Exchange (ASX) under SX2.

When will Southern Cross Gold start trading on the TSX?

The exact trading commencement date on the TSX has not been announced yet and will be communicated through a future news release once finalized.