GoldON Resources Arranges Debt Settlement

Victoria, British Columbia, May 7, 2024 – GoldON Resources Ltd. (TSX-V: GLD) (the “Company”) announces that it has negotiated a shares-for-debt settlement with six creditors. Subject to regulatory acceptance, the Company will issue 3,179,241 common shares at a deemed price of $0.05 per share in settlement 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 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: This email address is being protected from spambots. You need JavaScript enabled to view it.
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.