GLD.V · 2019-02-26 12:00:00

GoldON Arranges Private Placement Financing

Financings

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

FOR IMMEDIATE RELEASE

VICTORIA, BC, February 26, 2019 – GoldON Resources Ltd. (TSX-V: GLD) (“GoldON” or

the “Company”) is pleased to announce that it has arranged a non-brokered private placement of

3,000,000 common share units at a price of $0.15 per unit with qualified investors to raise

$450,000 in gross proceeds. Each unit will consist of one common share and one non-transferable

share purchase warrant. Each warrant will entitle the holder to purchase one additional common

share of the Company at a price of $0.20 per share for a period of two years from the closing

date.

Completion of this financing is subject to TSX Venture Exchange a c c e p t a n c e . T h e C o m p a n y

may pay cash finders’ fees of up to 6% of the subscription proc eeds. All of the securities issued

pursuant to this offering will have a hold period expiring four months after the closing date.

The net proceeds of this financing will be used to fund the Com pany’s exploration and

development work in Ontario, Canada and for general working capital purposes.

About GoldON Resources Ltd.

GoldON is an exploration company geographically focused on disc overy-stage properties located

in the prolific gold mining belts of Ontario, Canada. The Compa ny’s flagship project is the Slate

Falls property in northwestern Ontario where at least 18 Au-Ag mineralized zones have been

identified over 7 kilometers o f the property. Slate Falls is fu lly permitted for exploration and

drilling. GoldON currently has 8,954,370 shares issued. To lear n more about the Company visit

our website and view our latest presentation by clicking here.

For additional information contact Michael Romanik.

ON BEHALF OF THE BOARD

Signed “Michael Romanik”

Michael Romanik, President

Direct line: (204) 724-0613

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Neither TSX Venture Exchange nor its Regulation Services Provid er (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.