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GLD.V ·

GoldON Grants Incentive Stock Options

Share Capital & Compensation

FOR IMMEDIATE RELEASE

GoldON Grants Incentive Stock Options

VICTORIA, BC, November 25, 2019 – GoldON Resources Ltd. (TSX-V: GLD) announces that it has granted stock options to directors, officers and consultants to purchase up to 1,175,000 shares of the Company at $0.60 per share until November 24, 2024.

About GoldON Resources Ltd.

GoldON is an exploration company focused on discovery-stage properties located in the prolific gold mining belts of northwestern Ontario, Canada. Active projects include: the West Madsen property in the Red Lake Gold Camp, where phase II exploration is underway; and our flagship

Slate Falls project in the Patricia Mining Division, wheredrilling is underway to test shear zones
where high-grade values up to 861 g/t gold in drill core remain untested. GoldON has 15,152,282

shares issued and is fully funded to complete its fall exploration programs.

For additional information: please visit our website at https://goldonresources.com, you can download our latest presentation by clicking here and you can follow us on Twitter at https://twitter.com/GoldONResources.

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