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GoldON Resources Ltd. 
Listed Company 

GOLDON RESOURCES LTD. ("GLD")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 6, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing a purchase option agreement dated October 3, 2016 (the 'Agreement') between the Company and 1544230 Ontario Inc. (Perry English) (the 'Optionor'). Pursuant to the terms of the Agreement, the Company may acquire a 100% interest in the Rainy Gold Project in Ontario (the 'Property'). By way of consideration, the Company will make cash payments totalling $89,476.50 and will issue 100,000 shares at a deemed price of $0.135 per share. The Property (excluding one claim already subject to a royalty) is subject to a 2% NSR in favour of the Optionor, of which the Company may repurchase 1% for $1,000,000.

Please refer to the Company's news release dated October 4, 2016 for further details.

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