Southern Cross Gold Ltd V.SXG

Stock Options Granted

[merr]

VANCOUVER, BRITISH COLUMBIA, Sep 4, 2009 (Marketwire via COMTEX) -- SAMEX Mining

Over the past year, numerous stock options of directors, officers, consultants and employees of the Company expired or were cancelled on more than 2,350,000 shares.

Under the Company's "rolling" Stock Option Plan approved by shareholders and accepted by the TSX Venture Exchange, the Company may reserve up to 10% of its issued and outstanding shares for issuance (less any shares already issued under existing stock options).

In accordance with the Stock Option Plan, SAMEX is granting options on 630,000 shares at $0.20 per share to consultants and employees of the Company, and options to directors and officers of the Company on 2,925,000 shares at a price of $0.20 per share.

The options have a ten-year term which will expire September 4, 2019. With the addition of these grants, the Company will have approximately 9.38% of its issued and outstanding shares reserved for stock options.

Jeffrey Dahl, President