Stratabound Announces Private Placement



    
    SB: TSX Venture Exchange
    SBMLF: OTC Bulletin Board
    SEC 12(g)3 Exemption No. 82-3284               Issued: 27,467,662 shares
    

    CALGARY, April 11 /CNW/ - Stratabound Minerals Corp. announces that it
proposes to raise, subject to regulatory approval, up to $525,000 in a
non-brokered private placement by issuing 1,500,000 shares at $0.35 per share
on a flow-through basis. The shares will be subject to a four-month hold
period.
    The proceeds from the private placement will be used for further work on
the company's Canadian properties, including:

    
    -   initial drilling on the Big Presque Isle gold prospect in western
        New Brunswick

    -   initial drilling on the Melchett Lake base and precious metals
        prospect in Ontario, and

    -   completion of an independent detailed review and Technical Report on
        the Elmtree Gold Property, New Brunswick.
    

    Stratabound is a Canadian junior mining and exploration company currently
active in the prolific Bathurst mining district of northern New Brunswick and
in two mineral-rich regions of northern Quebec.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    Certain information regarding the Company contained herein may constitute
forward looking statements. Forward looking statements may include estimates,
plans, expectations, opinions, forecasts, projections, guidance or other
statements that are not statements of fact. Although the Company believes that
the expectations reflected in such forward looking statements are reasonable,
it can give no assurance that such expectations will prove to have been
correct. These statements are subject to certain risks and uncertainties and
may be based on assumptions that could cause actual results to differ
materially from those anticipated or implied in the forward looking
statements. The Company is under no obligation to update or alter any forward
looking statement. These risks include operational and geological risks and
the ability of the Company to raise necessary funds for exploration. The
Company's forward looking statements are expressly qualified in their entirety
by this cautionary statement.





For further information:

For further information: Stan Stricker, P. Geol, President, (403)
258-3630, info@stratabound.com, www.stratabound.com

Organization Profile

Stratabound Minerals Corp.

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