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GLD.V ·

GoldON Grants Charitable Options to The Singh Foundation

Share Capital & Compensation

FOR IMMEDIATE RELEASE

GoldON Grants Charitable Options to The Singh

Foundation

VICTORIA, BC – December 13, 2022 – GoldON Resources Ltd. (TSX-V: GLD) (“GoldON”

or the “Company”) has granted 240,000 charitable stock options to The Singh Foundation at a

price of $0.12 per share for a period of five years from the date of grant. The charitable options

have been granted in accordance with the Company’s stock option plan.

The Singh Foundation is a registered non-profit charitable society that was esta blished to create

opportunities for youth by encouraging participation in their communities through sports and local

programs. The Singh family has been part of the Surrey, British Columbia community for over 50

years and has seen how important it is for kids to be able to play in a healthy and safe environment.

The goal of the Foundation is to provide that oppor tunity to all kids a nd families regardless of

personal, societal, or economic barriers.

The Singh Foundation was founded by R. Bob Singh, P.Geo., who has been associated with the

mineral exploration industry for over 30 years and has a strong technical background in evaluating

and exploring gold and base metal mineral systems. Bob played a pivotal role in the recent success

of Great Bear Resources that Kinross Gold acquired for $1.8 billion in February 2022.

About GoldON Resources Ltd.

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

gold mining belts of northwestern Ontario, Canada . Our current project portfolio includes seven

properties located in the Red Lake Mining District (McDonough, Springpole East, Red Lake North,

Pipestone Bay, Pakwash North, McInnes Lake, and West Madsen) and an eighth property located

in the Patricia Mining District (Slate Falls).

For additional information: please visit our website at goldonresources.com; you can download

our latest investor 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

GoldON Resources Ltd.

Direct line: (204) 724-0613

Email: [email protected]

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.