GoldON Resources Ltd. ("GoldON" or the "Company") reported that it has elected to accelerate the option agreement with Bounty Gold Corp. and has acquired a 100% interest in the two claim blocks that adjoin Block A of the West Madsen Gold Project. In keeping with the terms of the option agreement, GoldON paid Bounty a total of $80,000 in cash and issued 250,000 common shares to complete the acquisition. GoldON now owns a 100% interest in the Flat Lake and Madsen-Medicine Stone claim groups. Bounty will retain a 2% net smelter returns royalty of which GoldON may purchase half for $1,000,000.