OUTSTANDING HIGH GRADE GOLD INTERSECTIONS AT KING BROWNKey...

OUTSTANDING HIGH GRADE GOLD INTERSECTIONS AT KING BROWN

Key Points:

? Drilling at King Brown returns high grade gold intersections including:

16m @ 18.6g/t Au including 7m at 37.0g/t Au in hole KBRC028;

6m@ 153.2g/t Au and 16m @ 7.5g/t Au in hole KBRC025; and
12m @ 15.1g/t Au including 2m @ 76.2 g/t Au in hole KBRC031

? Results extend high grade near surface gold mineralisation.

? Additional high-grade potential now identified both within and immediately beneath the current planned open pit.

? Current infill drilling programme completed with rig to return in the June quarter to test for extensions.
Southern Cross Goldfields (ASX: SXG) is pleased to report further excellent results from in-fill drilling at the King Brown gold deposit confirming the high grade nature of this deposit. King Brown is located on a granted mining lease 25km west of the Company?s proposed 400,000tpa gold processing facility at Marda in the Southern Cross district of Western Australia (see Figure 1).
SXG has completed and assayed a total of 1,700 metres of RC drilling at the King Brown gold deposit in the current drill program. Results from the first 25 holes assayed were released on 2 March 2011 and assay results for the remaining 13 holes have now been received (See Table 1). The most recent assay results include:

? KBRC025: 15m @ 2.4g/t Au, 6m @ 153.2g/t Au and 16m @ 7.5g/t Au from 17m.
? KBRC026: 5m @ 11.7g/t Au from 45m.
? KBRC028: 16m @ 18.6g/t Au from 34m including 7m @ 37.0g/t Au.
? KBRC031: 12m @ 15.1g/t Au from 31m including 2m @ 76.2g/t Au.
? KBRC032: 7m @ 7.8g/t Au from 36m including 5m @ 10.3g/t Au.
? KBRC033: 12m @ 6.2g/t Au from 29m.

The latest round of drilling has identified additional extensional drilling opportunities both within and
beneath the current planned open pit. Figures 3 is a cross section through King Brown at 2237N
showing the potential for extensions within the current planned pit design to the east of and
immediately below drill hole KBRC025. These extensional drilling opportunities will be followed up in
the June quarter.

The results announced today and on 2 March will be used to update the current resource estimate for
King Brown. The current drilling programme was designed to increase the confidence level of the
Resource Estimate. The Resource Estimate at King Brown currently stands at 201,000t @ 2.9 g/t Au
for 19,000oz contained gold (see Table 2).
Drilling by SXG has now closed the spacing between sections from 25m to 12.5m over the full strike
length of the deposit and has confirmed significant thicknesses of near surface high grade gold
mineralisation (see Figure 2).
SXG?s Managing Director, Glenn Jardine, said: ?It is extremely important from a feasibility study
perspective, especially at King Brown, for grade continuity to be confirmed through close spaced
drilling. Significantly, this latest round of assays has also identified the potential to extend the high
grade mineralisation within and below the planned pit design. This is a similar situation to that which
we encountered at Battler where near surface extensions were identified up dip of known
mineralisation.?