GoldON Resources Completes Debt Settlement

FOR IMMEDIATE RELEASE

GoldON Resources Completes Debt Settlement

VICTORIA, BC, March 4, 2016 – GoldON Resources Ltd. (the “Company”) (TSX-V: GLD) has completed its previously-announced shares-for-debt settlement with one creditor. The Company has issued 250,000 common shares at a deemed price of $0.065 per share in settlement of $16,250.00 of debt. The issued shares are subject to a four-month hold period expiring July 5, 2016.

About GoldON Resources Ltd.

GoldON Resources Ltd. is an exploration company geographically focused on two of the prolific gold mining belts of Ontario, Canada. All of its properties are in good standing and include the Slate Falls gold-silver property in northwestern Ontario and the Swayze gold property adjoining the multi-million ounce Côté Gold Project owned by Trelawney Mining and Exploration, a subsidiary of IAMGOLD Corporation. For more information, visit www.goldonresources.com or view the current GoldON presentation.

ON BEHALF OF THE BOARD Signed “Michael Romanik”

Michael Romanik, President Direct line: (204) 724-0613 Email: [email protected]

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

GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999