Goldbelt Resources : GoldON Shareholders Approve Sale of Swayze Claims to Trelawney Mining and Exploration, a Subsidiary of IAMGOLD

VICTORIA, British Columbia, November 9, 2016 - GoldON Resources Ltd. ('GoldON' or the 'Company') (TSX-V: GLD) is pleased to announce the results of the Annual and Special General Meeting of Shareholders held on November 8, 2016, in Victoria.

All resolutions outlined in the Information Circular of October 4, 2016 (available on SEDAR) were ratified. This includes the sale of a 100% interest in GoldON's Swayze mining claims (located in the District of Sudbury in northeastern Ontario) to Trelawney Mining and Exploration Inc., a subsidiary of IAMGOLD Corporation. For details of the transaction see the news release of September 29, 2016. The Company expects the transaction will close shortly, subject to TSX Venture Exchange acceptance and the receipt by Trelawney and GoldON of deliverables customary for a transaction of this nature.

About GoldON Resources Ltd.

GoldON Resources is an exploration company geographically focused on the prolific mining belts of Ontario, Canada. All of its projects are in good standing and include: the drill-ready Slate Falls gold-silver-VMS property; the Rainy Gold project that adjoins New Gold's Rainy River mine that is targeting production start-up in mid-2017; the Paterson Lake lithium-pegmatite property that adjoins the Separation Rapids lithium project being developed by Avalon Advanced Materials, and the Pickle Crow claims that are located in the heart of the Pickle Crow gold project owned by First Mining Finance. To view GoldON's latest presentation visit the Company's website or click here.

For more information contact Michael Romanik.

ON BEHALF OF THE BOARD

Signed 'Michael Romanik'

Michael Romanik, President

Direct line: [phone]

###

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.