GoldON Announces Management and Board Changes

Rhea-AI Summary

GoldON Resources (TSXV: GLD) has announced significant management and board changes. Gregory Lytle has been appointed as president, CEO, and director, bringing over 20 years of experience in advising mineral exploration companies and having facilitated over $100 million in funding for clients. Glen Wallace, previously the company's Chief Compliance Officer, has been named CFO, bringing 35 years of accounting experience and extensive expertise in regulatory compliance.

Brayden Sutton, founder of Sutton Ventures , joins as director, contributing over two decades of capital markets experience. These appointments follow the resignations of Michael Romanik as president, CEO, and director, and Jeff Smulders as CFO and director. The changes mark a new chapter for GoldON as it positions itself to participate in the upcoming gold cycle.

Positive

• Appointment of experienced leadership team with proven track record in mineral exploration and capital markets
• New CEO Gregory Lytle has facilitated over $100 million in funding for clients
• New CFO brings 35 years of accounting and regulatory compliance experience
• Addition of experienced director with merchant banking background strengthens board expertise

Negative

• Departure of long-standing CEO and CFO could create temporary leadership transition challenges

Victoria, British Columbia--(Newsfile Corp. - April 15, 2025) - GoldON Resources Ltd. (TSXV: GLD) ("GoldON" or the "Company") announces the appointments of Gregory Lytle as president, chief executive officer and director, Glen Wallace as chief financial officer, and Brayden Sutton as director.

These appointments follow the resignations of Michael Romanik as president, chief executive officer and director, and Jeff Smulders as chief financial officer and director.

Mr. Lytle has been providing strategic advice to mineral exploration companies for over 20 years and has served as a consultant to GoldON since 2013. As the managing director of Lytle & Associates, a corporate communications and advisory firm supporting private and public enterprises for more than 30 years, Mr. Lytle's experience spans industries including technology, biotech, real estate, publishing, and mineral exploration. He has facilitated the raising of over $100 million in funding for clients and initiated relationships with industry leaders including American Express, GE, Intel Capital, and Morgan Stanley. Mr. Lytle was also instrumental in the successful sale of the Valentine Lake gold project to Marathon Gold.

Mr. Wallace has acted as GoldON's Chief Compliance Officer since 2019 and has served as Chief Financial Officer and a director with several development-stage public companies since the 1990s. He is a Chartered Professional Accountant with over 35 years of experience in accounting and the management and administration of publicly listed companies and was a partner in the accounting firm of Austin Chan & Wallace for six years. He has a Master of Business Administration degree from Laurentian University and Advanced Specialty Certificates in Forensic Accounting and Securities Fraud Analysis from BCIT. Mr. Wallace brings extensive skills in regulatory compliance, finance and administration of emerging companies.

Mr. Sutton is the founder and president of Sutton Ventures Ltd., a merchant bank that has supported a wide range of early-stage ventures since 2007, with a focus on mineral exploration, technology, and emerging markets. A self-taught investor, gold and silver speculator, and author of Money Mind: Beyond Speculation, he brings over two decades of capital markets experience to the boardroom. He has held executive and advisory roles at several public companies, contributing to corporate strategy, investor relations, and early-stage project development. Mr. Sutton is a strong advocate for sound money principles, responsible exploration, and disciplined stewardship of shareholder capital.

"On behalf of the board, I'd like to offer our heartfelt thanks to Mike for his leadership and commitment to the Company over the past 16 years. We would also like to thank Jeff for his valuable contributions to the Company and wish them both the best in health, happiness, and success in the future," said Mr. Lytle. "Additionally, we'd like to extend a warm welcome to Brayden and look forward to utilizing his diverse skill set as GoldON embarks on its next chapter. His experience and vision will be instrumental as we position the Company to participate in the coming gold cycle."

About GoldON Resources Ltd.

GoldON is a mineral exploration company focused on discovery-stage properties. Our goal 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.

For more information, you can visit our website at goldonresources.com, download our investor presentation here, and follow us on X at https://x.com/GoldONResources.

ON BEHALF OF THE BOARD

Signed "Gregory Lytle"

Gregory Lytle, President
GoldON Resources Ltd.
Direct line: (604) 839-6946
Email: info@goldonresources.com
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9

Forward-Looking Statements
This news release may contain "forward-looking statements" that involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248424

FAQ

What major management changes were announced at GoldON Resources (TSXV: GLD)?

GoldON appointed Gregory Lytle as president, CEO, and director, Glen Wallace as CFO, and Brayden Sutton as director, following the resignations of Michael Romanik and Jeff Smulders.

What is Gregory Lytle's experience and track record at GoldON Resources?

Lytle has been a consultant to GoldON since 2013, with over 20 years of experience advising mineral exploration companies. He has facilitated over $100 million in funding and was involved in the Valentine Lake gold project sale to Marathon Gold.

What qualifications does new CFO Glen Wallace bring to GoldON Resources?

Wallace is a Chartered Professional Accountant with 35 years of experience, an MBA from Laurentian University, and Advanced Specialty Certificates in Forensic Accounting and Securities Fraud Analysis from BCIT.

How long did former CEO Michael Romanik serve at GoldON Resources?

Michael Romanik served the company for 16 years before his resignation as president, CEO, and director.