GoldON Resources Issues Interest Shares

Press Release

GoldON Resources Issues Interest Shares

VICTORIA, BC, August 8, 2016 – GoldON Resources Ltd. (TSX-V: GLD) announces that it will, subject to regulatory acceptance, issue 24,800 common shares at a price of $0.205 per share to Trelawney Mining and Exploration Inc. in payment of $5,084.08 of semi-annual interest accrued pursuant to its February 2014 promissory note. The interest shares are subject to a fourmonth hold period.

About GoldON Resources Ltd.

GoldON Resources is an exploration company geographically focused on the prolific mining belts of Ontario, Canada. All of its properties are in good standing and include the drill-ready Slate Falls gold-silver-VMS property, the Paterson Lake lithium-pegmatite property that adjoins the Separation Rapids lithium project being developed by Avalon Advanced Materials Inc., and the Swayze gold properties adjoining the Côté Gold Project being developed by Trelawney Mining and Exploration, a subsidiary of IAMGOLD Corp. For more information, visit www.goldonresources.com.

ON BEHALF OF THE BOARD

Signed “Michael Romanik”

Michael Romanik, President Direct line: (204) 724-0613 Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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