GoldON Grants Incentive Stock Options

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

FOR IMMEDIATE RELEASE

GoldON Grants Incentive Stock Options

VICTORIA, BC, November 25, 2019 – GoldON Resources Ltd. (TSX-V: GLD) announces

that it has granted stock options to directors, officers and co nsultants to purchase up to 1,175,000

shares of the Company at $0.60 per share until November 24, 2024.

About GoldON Resources Ltd.

GoldON is an exploration compan y 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 Camp, where phase II exploration is underway; and our flagship

Slate Falls project in the Patri cia Mining Division, where drilling is underway to test shear zones

where high-grade values up to 861 g/t gold in drill core remain untested. GoldON has 15,152,282

shares issued and is fully funded to complete its fall exploration programs.

For additional information: please visit our website at https://goldonresources.com, you can

download our latest 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

Direct line: (204) 724-0613

Email: [email protected]

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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.