Victoria, British Columbia - GoldON Resources Ltd. (TSXV: GLD) ('GoldON' or the 'Company') is pleased to announce that diamond drilling will commence early in the first quarter of 2023 on its McDonough gold property (the 'Property') located 15 kilometres (km) north of the town of Red Lake, Ontario.

Drilling will target induced polarization (IP) chargeability anomalies coincident with wide anomalous gold-in-soil anomalies that straddle a key structural feature associated with many gold deposits within the Red Lake Greenstone Belt (Figure 1).

The Property lies along the contact and unconformity of the Huston Assemblage conglomerates (2733-2743 million years [(Ma]) and the Slate Bay Assemblage (Confederation) (

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