Southern Cross Gold Ltd

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce the appointment of four senior independent Non-executive Directors to significantly enhance the capability and independence of the Company's Board.

Australian Market Report of February 14, 2011 includes: Black Fire Minerals Limited (ASX:BFE) is to acquire 100% of the advanced Pilot Mountain Tungsten-Copper Project in Nevada, USA; Virax Holdings Limited (ASX:VHL) is to develop a novel skin cancer product; Southern Cross Goldfields Limited (ASX:SXG) discovered near-surface high-grade gold deposits in Western Australia; Prosperity Resources Limited (ASX:PSP) commenced gold drilling in Indonesia.

Australian Market Report of November 12, 2010 includes: Minotaur Exploration Limited (ASX:MEP) reports maiden JORC gold resource of 70,500 ounces at the Golden Mountain project in VIC; Southern Cross Goldfields Limited (ASX:SXG) reports further drilling results from Johnston Range Iron Ore Targets; Bailey Mineral NL (ASX:BAA) is to acquire Colombian platinum assets; Cape Lambert Resources Limited (ASX:CFE) continues to advance its 100% owned Marampa Iron Ore Project in Sierra Leone.

Australian Market Report of October 5, 2010 includes: Syngas Limited (ASX:SYS) has signed a Memorandum of Understanding with China National Electric Equipment Corporation in relation the Clinton Coal to Liquid Project in South Australia; Kimberley Metals Limited (ASX:KBL) reports high grade silver and lead drilling results from Sorby Hills Silver-Lead Project in Western Australia; Southern Cross Goldfields Limited (ASX:SXG) intersects near-surface haematite and magnetite mineralisation in Western Australia; Palace Resources Limited (ASX:PXR) is to acquire a 75% stake in three highly prospective Indonesian coal projects.

Yesterday the Australian share market is lower after the RBA's rate cut announcement. The S&P/ASX200 index fell 1.3%, or 50.3 points, at 3706.3, while the broader All Ordinaries index was down 1.3%, or 47.9 points, at 3648.9.

Southern Cross Goldfields Ltd (ASX:SXG) is pleased to announce that ongoing field studies, compilation and interpretation of all previous exploration data has highlighted over 100 high priority drill targets, most with potential for large, stand-alone, high margin gold deposits.