GLD.V · 2023-04-20 12:00:00

GoldON Completes Non-Brokered Financing

Financings

FOR IMMEDIATE RELEASE

VICTORIA, BC – April 20, 2023 – GoldON Resources Ltd. (TSX-V: GLD) (“GoldON” or the

“Company”) is pleased to announce the completion of a non-brokered private placement financing

that raised $100,000 in gross proceeds.

The offering consisted of 1,000,000 non-flow-through units. The units were priced at $0.10 each

and consist of one common share and one non-transferable share purchase warrant that entitles the

holder to purchase one additional common share of the Company at $0.20 per share for two years

following the closing date of the offering.

The Company paid finders’ fees totalling $5,400 in cash and 54,000 finders’ warrants. Each

finders’ warrant entitles the holder to purchas e one common share of the Company at $0.20 for

two years following the closing date. All securities issued pursuant to this Offering will have a hold

period expiring August 21, 2023.

Proceeds of the offering will be used for general working capital purposes.

About GoldON Resources Ltd.

GoldON is an exploration compan y focused on discovery-stage prop erties located in the prolific

greenstone belts of northwestern Ontario, Canada . Our current project portfolio includes six

properties in the Red Lake Mining District (McDonough, Springpole East, Pipestone Bay, Pakwash

North, McInnes Lake, and West Mads en) and a seventh property in the Patricia Mining District

(Slate Falls).

For additional informa tion, please visit our website or you can download our latest investor

presentation. You can also follow us on Twitter.

ON BEHALF OF THE BOARD

Signed “Michael Romanik”

Michael Romanik, President

GoldON Resources Ltd.

Direct line: (204) 724-0613

179 - 2945 Jacklin Road, Suite 416

Victoria, BC, V9B 6J9

Forward-Looking Statements:

This news release may contain “forwa rd-looking statements” that involve known and unknown risks, uncertainties,

assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be

materially different from any future results, performance or achievements expressed or implied by the forward-looking

statements. Any forward-lo oking statement speaks only as of the date of this news release and, except as may be

required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking

statement, whether as a result of new information, future events, or results or otherwise.

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

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