GLD.V · 2024-04-30 12:00:00

GoldON Completes Private Placement Financing

Financings

FOR IMMEDIATE RELEASE

VICTORIA, BC – April 29, 2 024 – GoldON Resources Ltd. (TSX -V: GLD) (“GoldON” or the

“Company”) is pleased to announce the completion of its previously announced non -brokered private

placement financing that raised $400,000 in gross proceeds (the “Offering”).

The Offering consisted of 8,000,000 non-flow-through units. The units were priced at $0.05 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 $0.10 per share for two years following the closing date

of the Offering. All securities issued pursuant to this Offering will have a hold period expiring August 30,

2024.

The Company will use the proceeds of the Offering to fund work at its 100%-owned West Madsen Gold

Property and for general working capital purposes.

About GoldON Resources Ltd.

GoldON is a mineral exploration company focused on discovery-stage properties. Our goal with a property

is to add value by defining or redefining the exploration opportunity, maintain ownership control during the

value creation phase of discovery, and then source a well-financed partner capable of accelerating discovery,

resource definition, and development.

For more information, you can visit our website at goldonresources.com, download our investor presentation

by clicking here, and follow us on X at https://twitter.com/GoldONResources.

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 “forward -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 -looking 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.