GoldON Resources Arranges Debt Settlement

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

FOR IMMEDIATE RELEASE

GoldON Resources Arranges Debt Settlement

VICTORIA, BC, May 7, 2024 – GoldON Resources Ltd. (TSX-V: GLD) (the “Company”)

announces that it has negotiated a shares-for-debt settlement with six cr editors. Subject to

regulatory acceptance, the Company will issu e 3,179,241 common shares at a deemed price of

$0.05 per share in sett lement of $158,962.03 of debt. The shares to be issued will be subject to a

four-month hold period.

About GoldON Resources Ltd.

GoldON is a mineral exploration company focuse d on discovery-stage properties. Our goal with

a property is to add value by defining or re defining the exploration opportunity, maintain

ownership control during the valu e creation phase of di scovery, and then sour ce 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

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.