GoldON Receives Drill Permit for West Madsen Gold Project in Red Lake, Ontario

FOR IMMEDIATE RELEASE

GoldON Receives Drill Permit for West Madsen Gold

Project in Red Lake, Ontario

West Madsen’s eastern property boundary is a 5 km drive from the Madsen gold

mine and mill complex owned by West Red Lake Gold Mines

VICTORIA, BC – April 2, 2024 – GoldON Resources Ltd. (TSX-V: GLD) (“GoldON” or the

“Company”) is pleased to report it has received a permit for exploration drilling at its 100% -

owned West Madsen gold property.

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

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

Both blocks can be accessed from secondary roads that connect to Ontario HWY 618 and the town

of Red Lake located approximately 15 kilometres (km) to the northeast.

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

The next phase of drilling will focus on Block A where previous drilling has confirmed g old

mineralization in several different geological environments and represents typical Archean terrane

orogenic gold deposit settings.

Block A adjoins the Madsen mine property ( Figure 1) that was acquired last year by West Red

Lake Gold Mines (WRLG). 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.

Mike Kilbourne, P. Geo, an independent qualified person as defined in N ational Instrument 43-

101, has reviewed and approved the technical contents of this news release on behalf of the

Company.

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

Email: [email protected]

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 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

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.