Victoria, British Columbia--(Newsfile Corp. - December 13, 2022) - GoldON Resources Ltd. (TSXV: GLD) ("GoldON" or the "Company") has granted 240,000 charitable stock options to The Singh Foundation at a price of $0.12 per share for a period of five years from the date of grant. The charitable options have been granted in accordance with the Company's stock option plan.

The Singh Foundation is a registered non-profit charitable society that was established to create opportunities for youth by encouraging participation in their communities through sports and local programs. The Singh family has been part of the Surrey, British Columbia community for over 50 years and has seen how important it is for kids to be able to play in a healthy and safe environment. The goal of the Foundation is to provide that opportunity to all kids and families regardless of personal, societal, or economic barriers.

The Singh Foundation was founded by R. Bob Singh, P.Geo., who has been associated with the mineral exploration industry for over 30 years and has a strong technical background in evaluating and exploring gold and base metal mineral systems. Bob played a pivotal role in the recent success of Great Bear Resources that Kinross Gold acquired for $1.8 billion in February 2022.

About GoldON Resources Ltd.

GoldON is an exploration company focused on discovery-stage properties located in the prolific gold mining belts of northwestern Ontario, Canada. Our current project portfolio includes seven properties located in the Red Lake Mining District (McDonough, Springpole East, Red Lake North, Pipestone Bay, Pakwash North, McInnes Lake, and West Madsen) and an eighth property located in the Patricia Mining District (Slate Falls).

For additional information: please visit our website at goldonresources.com; you can download our latest investor presentation by clicking here and you can follow us on Twitter at .

ON BEHALF OF THE BOARD

Signed "Michael Romanik"

Michael Romanik, President
GoldON Resources Ltd.
Direct line: (204) 724-0613
Email: info@goldonresources.com
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 any 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.

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