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GLD.V ·

GoldON Hires Rouillier Drilling for West Madsen Gold Project in Ontario’s Red Lake Camp

Corporate Updates

GoldON Resources Ltd. | 179 - 2945 Jacklin Road, Suite 416, Victoria, BC V9B 6J9 | Tel. (250) 474-7999

FOR IMMEDIATE RELEASE

GoldON Hires Rouillier Drilling for West Madsen Gold

Project in Ontario’s Red Lake Camp

The eastern boundary of the West Madsen property is a 5 km drive from the

Madsen gold mine and mill complex owned by West Red Lake Gold Mines (WRLG)

VICTORIA, BC, September 4 , 20 24 – GoldON Resources Ltd. (TSX -V: GLD) (the

“Company”) is pleased to announce it has hired Rouillier Drilling for the upcoming drill ing

program at its 100%-owned West Madsen gold property (the “Property”).

GoldON personnel are enroute to the Property to coordinate site preparations in advance of the

commencement of drilling.

Figure 1: Looking northeast from GoldON’s West Madsen property to WRLG's Madsen Gold Mine property.

About Rouillier Drilling:

Founded in 1977, Rouillier Drilling is a family-owned company with a reputation as a specialist in

surface and underground drilling in Eastern Canada. It was the first company to obtain the UL 2724

ECOLOGO® certification for service providers of the mineral exploration industry. Rouillier

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

Drilling is a division of the Rouillier Group that includes various subsidiaries in diamond drilling

and the manufacture of high-performance mining equipment.

About the West Madsen Property:

Located in the heart of the Red Lake Gold District, the 5,988 -hectare property covers two claim

blocks, Block A (east) and Block B (west), that are non -contiguous by less than 100 metres. The

next phase of drilling will focus on Block A where previous drilling has confirmed gold

mineralization in several different geological environments and represents typical Archean terrane

orogenic gold deposit settings.

Block A adjoins the Madsen gold mine property (Figure 1) where West Red Lake Gold Mines

(WRLG) expects to restart production in the second half of 2025. The bulk of the mineral resources

on the Madsen mine property are hosted in a ~7-km-long gold trend that follows the major crustal

break or contact between the Balmer and Confederation assemblages.

GoldON has observed the same Balmer -Confederation contact in outcrop approximately 1.5 km

west of the Block A eastern claim boundary and identified it within an ~8-km corridor of disrupted

regional magnetics that traverses Block A from the Madsen mine property.

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 on GoldON and the West Madsen gold pro ject, please visit our website at

goldonresources.com. You can also download our investor presentation here and follow us on X at

https://x.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

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 an y 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

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

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.