GoldON arranges new financing with continued support from Eric Sprott

GoldON Resources Ltd. is arranging a non-brokered private placement financing with qualified investors that includes a lead order from strategic investor Eric Sprott. The company intends to offer up to 5,000,000 flow-through shares priced at $0.12 per share for maximum gross proceeds of $600,000 (the "Offering").

The company will use the proceeds of the Offering to fund the next phase of drilling at its 100%-owned West Madsen Gold Property located in the heart of the Red Lake Gold Camp. 

Completion of this Offering is subject to TSX Venture Exchange acceptance.

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.

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