GoldON Share Consolidation Effective November 18

VICTORIA, BC, November 16, 2015 – GoldON Resources Ltd. (the “Company”) (TSX-V: GLD) announces that effective at the opening of trading on Wednesday, November 18, the Company’s share capital will begin trading on a post-consolidated basis.

Letters of transmittal describing the process by which shareholders may obtain new GoldON Resources Ltd. certificates representing their consolidated shares were mailed to registered shareholders. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not be required to complete a letter of transmittal. No fractional shares will be issued under the share consolidation, and any fraction will be rounded to the nearest whole number.

The consolidation, previously announced on November 2, is on the basis of one new common share for every five old shares and the Company will have approximately 6,784,374 common shares issued and outstanding on a post-consolidation basis. All outstanding warrants and stock options will be adjusted accordingly to reflect the 1:5 share consolidation. The Company’s name and trading symbol will remain unchanged.

About GoldON Resources Ltd.
GoldON Resources Ltd. is an exploration company geographically focused on two of the prolific gold mining belts of Ontario, Canada. All of its properties are in good standing and include the Slate Falls gold-silver property in northwestern Ontario and the Swayze gold property adjoining the multi-million ounce Côté Gold Project owned by Trelawney Mining and Exploration, a subsidiary of IAMGOLD Corporation. For more information, visit www.goldonresources.com or view the current GoldON presentation.

ON BEHALF OF THE BOARD
Signed “Michael Romanik”  
Michael Romanik, President
Direct line: (204) 724-0613
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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