Mr. Michael Romanik reports

GOLDON COMMENCES NEXT PHASE OF FIELDWORK AT ITS 100%-OWNED MCINNES LAKE LITHIUM-PEGMATITE PROSPECT

Fieldwork has commenced on GoldON Resources Ltd.'s 100-per-cent-owned McInnes Lake property that covers the majority of the McInnes Lake greenstone belt in Northwestern Ontario.

Fieldwork will consist of mapping and sampling to follow up on the elevated lithium (Li) values newly discovered (50 to 1,126 ppm) in metavolcanic host rocks distributed proximal to the main plutons on the Property that may reflect exomorphic dispersion outwards from exposed and blind pegmatitic granite plutonic centres.Figure 1. Location and scale of the McInnes Lake Property to Frontier Lithium's Pak Project, with McInnes OGS geology.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7436/167910_0b950ed724f70914_001full.jpg

The goals are to establish if lithium dispersion patterns are present around the McInnes North and Lower Bay fertile granite plutons, attempt to find a bedrock source of the 1,126 ppm Li value, and look for rare element minerals (including holmquistite, beryl, and spodumene) in the plutons and adjacent external pegmatites. Several pegmatite minerals are white and could have been easily overlooked by previous Ontario Geological Survey (OGS) mapping.

About the McInnes Lake Property:

The underexplored 12,598-hectare Property was originally staked for its deep crustal-scale features and similarities to the Red Lake Camp. GoldON's fieldwork has discovered several new showings that confirm the presence of a fertile peraluminous granite setting. Geological similarities include the E1 fault that is inferred to pass right through the pluton area and may have been a controlling structure for the emplacement of fertile granites, and related lithium-rich pegmatite melts. This is a similar setting to the Pakeagama Lake peraluminous parent granite and derived LCT-petrogenetic family pegmatites located 50 km to the northeast along the Bearhead fault system, where Frontier Lithium1 has delineated NI 43-101 Measured & Indicated resources of 26 million tonnes (mt) of 1.62% Li2O and Inferred resources of 32.4 million tonnes of 1.41% Li2O.

The technical information presented in this news release has been reviewed and approved by Frederick W. Breaks, PhD, P. Geo, a qualified person for exploration, as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Figure 2. Granitic pegmatite sample from >70 m wide pegmatite zone on the east shore of McInnes Lake.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7436/167910_0b950ed724f70914_002full.jpg

About GoldON Resources Ltd.

GoldON is an exploration company focused on discovery-stage properties located in the prolific greenstone belts of northwestern Ontario, Canada. 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.

We seek Safe Harbor.