GLD.V · 2019-06-18 12:00:00

GoldON Accelerates Exploration Adding Second Crew to Focus on Block B of West Madsen Property in Ontario’s Red Lake Gold Camp West Madsen Property adjoins Pure Gold’s Madsen Project where a 12,000-metre drilling program is underway

Exploration Programs

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

FOR IMMEDIATE RELEASE

GoldON Accelerates Exploration Adding Second Crew to

Focus on Block B of West Madsen Property in Ontario’s Red

Lake Gold Camp

West Madsen Property adjoins Pure Gold’s Madsen Project where a 12,000-metre

drilling program is underway

VICTORIA, BC, June 18, 2019 – GoldON Resources Ltd. (TSX-V: GLD) (“GoldON” or the

“Company”) is pleased to announce it is adding a second crew to the on-go ing exploration

program on the West Madsen gold property recently optioned from Great Bear Resources (see

news release of May 28, 2019). The second crew will mobilize to West Madsen Block B while the

first crew continues its focus on West Madsen Block A that is o n-strike and contiguous with Pure

Gold’s Madsen Project.

A high-resolution airborne magnetic survey performed by Great Bear in the fall of 2017 (see Great

Bear news release from November 14, 2017) on Block B identified two primary gold targets: 1) a

prominent northeast to southwest magnetic linear, and 2) strong evidence of large-scale folding.

Figure 1 shows mapping performed by the Ontario Geological Survey identifying this unit as mafic

volcanic rocks and it has been described in regional reports as the on-strike extension of the Red

Lake greenstone belt. Also shown is a refolded axial trace of large folds in the adjacent intermediate

volcanic rocks, known to be criti cal to grade enrichment at Gre at Bear's recent high-grade gold

discovery at the Dixie project and within many other Red Lake District gold deposits including the

Newmont Goldcorp Red Lake mine.

“The prospective stratigraphy and structural trends identified on West Madsen Block B by both the

historic mapping and magnetic trends from the 2017 survey have warranted mobilizing a second

prospecting crew to work concurrently with the crew on Block A,” said Michael Romanik president

of GoldON.

R. Bob Singh, P. Geo, an independent qualified person as define d in National Instrument 43-101,

has reviewed and approved the technical contents of this news release on behalf of the Company.

About GoldON Resources Ltd.

GoldON is an exploration company focused on discovery-stage pro perties located in the prolific

gold mining belts of northwestern Ontario, Canada. Active proje cts include the West Madsen

property in the Red Lake Gold Cam p and our flagship Slate Falls project in the Patricia Mining

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

Division where 18 Au-Ag mineralized zones have been identified over the 11-kilometre breadth of

the property. GoldON has 13,834,782 shares issued and is fully funded to complete its

spring/summer work programs.

For additional information pleas e visit our website and view ou r latest presentation by clicking

here or contact Michael Romanik.

ON BEHALF OF THE BOARD

Signed “Michael Romanik”

Michael Romanik, President

Direct line: (204) 724-0613

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.