Stratabound Continues to Hit Impressive Copper-Cobalt Intercepts in Captain Drilling



    SB: TSX Venture Exchange
    Issued: 37,099,702 shares

    
    Latest highlights include:

    -  Hole 13: 18.5 metres grading 1.8% copper, including 9 metres of 2.5%
       copper, 0.034% cobalt (0.7 lb/t), 0.041% bismuth (0.9 lb/t), 0.60 g/t
       gold and 15.1 g/t silver, within a continuous 86.5 metre core length
       grading 0.65% copper and 0.036% cobalt; the 9 metre interval includes
       2.5 metres grading 5.1% copper, 1.0 lb/t cobalt, 1.6 lb/t bismuth,
       0.66 g/t gold and 26.5 g/t silver

    -  Hole 14: 24.5 metres of 1.1% copper, including 7.5 metres of 2.5%
       copper, 0.6 lb/t cobalt and 0.9 lb/t bismuth, within a continuous 42
       metre length of 0.75% copper and 0.5 lb/t cobalt; the 7.5 metre
       interval includes 3 metres grading 4.0% copper, 1.0 lb/t cobalt and
       0.7 lb/t bismuth

    -  Metallurgical studies underway
    

    CALGARY, July 24 /CNW/ - Stratabound Minerals Corp. (TSX.V:SB) is pleased
to release assay results from drill holes CP-11 to CP-14 on its 100%-owned
Captain copper-cobalt property near Bathurst, New Brunswick. The Captain
Property is situated 20 kilometres south of the world-class Brunswick No. 12
Mine in an area of highly-developed infrastructure.
    The company has recently completed a first-phase diamond drilling program
of 25 holes (5,097 metres). Results to date indicate the potential for
economic-grade copper-cobalt mineralization at open-pit depths. Impressive
widths and grades of copper are present, as well as significant cobalt grades
of 0.5 to 2.75 lbs/ton over core lengths of up to 140 metres, and appreciable
gold, silver and bismuth values. Preliminary metallurgical investigations are
underway at New Brunswick Research and Productivity Council, to assess the
potential to recover payable metal concentrates in a bench-scale study.
    Results from the first ten holes were reported in news releases dated,
October 12, 2007, December 20, 2007, January 24, 2008, and April 24, 2008.
Results from Holes 11 through 14 are outlined in this news release, and
additional results will be presented shortly.
    Of the four new holes, CP-13 and CP-14 are the most significant. They
were collared 75 metres apart on section 250W. These holes were drilled
vertically, west of and deeper than Holes 11, 12, and previously reported
holes (see Map 15A on Company's website, www.stratabound.com).

    
    -------------------------------------------------------------------------
    Drill  From   To    Length  Cu     Co     Bi   Cu    Co    Bi Gold Silver
    Hole  Metres Metres Metres   %      %      %  lbs/t lbs/t lbs/t g/t   g/t
    -------------------------------------------------------------------------
    CP-13  120.5    207  86.5  0.65  0.036  0.010  14.4  0.8  0.2  0.14  4.18
    -------------------------------------------------------------------------
    Incl.    131  149.5  18.5  1.78  0.027  0.029  39.3  0.6  0.6  0.39 11.96
    -------------------------------------------------------------------------
    Incl.  132.5  134.5     2  2.60  0.016  0.049  57.3  0.4 1.11  0.33 25.00
    -------------------------------------------------------------------------
    Incl.    136    145     9  2.48  0.034  0.041  54.7  0.7  0.9  0.60 15.06
    -------------------------------------------------------------------------
    Incl.  142.5    145   2.5  5.08  0.043  0.074 112.0  1.0  1.6  0.66 26.52
    -------------------------------------------------------------------------
    Incl.  199.5  202.5     3  1.93   0.15  0.024  42.6  3.3  0.5  0.50 11.62
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
           From   To    Length  Cu     Co     Bi   Cu    Co    Bi Gold Silver
          Metres Metres Metres   %      %      %  lbs/t lbs/t lbs/t g/t   g/t
    -------------------------------------------------------------------------
    CP-14     72    114    42  0.75  0.021  0.011  16.5  0.5  0.2 0.052  1.91
    -------------------------------------------------------------------------
    Incl.   89.5    114  24.5  1.08  0.017  0.018  23.9  0.4  0.4 0.063  2.72
    -------------------------------------------------------------------------
    Incl.     98  105.5   7.5  2.48  0.026  0.042  54.6  0.6  0.9  0.10  5.55
    -------------------------------------------------------------------------
    Incl.     98    101     3  4.01  0.047  0.033  88.3  1.0  0.7  0.15  9.78
    -------------------------------------------------------------------------
    Cobalt  Enve-
            lope
    -------------------------------------------------------------------------
            37.5  177.5   140  0.25  0.023          5.6  0.5
    -------------------------------------------------------------------------

    Beyond the mineralization reported in the above table, cobalt values of
    0.5 to 1.7 lbs/t in Hole 13 persist intermittently downhole to 268
    metres, i.e. an additional 61 metres into the footwall rocks. In Hole 14
    the copper mineralization is sandwiched within 140 metres of cobalt
    mineralization.

    Holes 11 and 12 were drilled with 45 degree dips, testing shallow depths
    toward the southeast. Hole 12 was directed east from surface, but
    deviated sharply to the southeast from its intended course. These two
    shallow holes encountered less mineralization than Holes 13 and 14, and
    may have passed above the main mass of south-plunging mineralization.

    -------------------------------------------------------------------------
    Drill  From   To    Length  Cu     Co     Bi   Cu    Co    Bi Gold Silver
    Hole  Metres Metres Metres   %      %      %  lbs/t lbs/t lbs/t g/t   g/t
    -------------------------------------------------------------------------
    CP-11   42.5     55  12.5  0.39  0.047   0.24   8.7  1.0  0.5 0.063  2.43
    -------------------------------------------------------------------------
    Incl.   42.5   44.5     2  1.22  0.035  0.013  26.9  0.8  0.3  0.12  5.11
    -------------------------------------------------------------------------
    Incl.   48.5     53   4.5  0.23  0.074  0.060   5.1  1.6  1.3 0.064  1.67
    -------------------------------------------------------------------------
    Incl.   53.5     55   1.5                0.13             2.9
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CP-12     76     77     1  3.05  0.034  0.031  67.1  0.7  0.7  0.34 12.43
    -------------------------------------------------------------------------

    Drill Hole Collar Information for Captain Holes 11 to 14:

         -----------------------------------------------------------
         Hole    Northing  Westing  Elevation  Depth  Azimuth   Dip
         -----------------------------------------------------------
         200711     73.82    211.9     147.44    125      141   -45
         -----------------------------------------------------------
         200712     77.89    243.5     147.91    101       91   -60
         -----------------------------------------------------------
         200813        75      250      148.3    297       90   -88
         -----------------------------------------------------------
         200814     145.5   250.32     148.52    225       90   -88
         -----------------------------------------------------------

    Previously reported highlights include:

    -  Hole 1: 57.5 metres grading 1.0% copper & 0.05% cobalt, including 7.5
       metres of 3.2% copper & 0.07% cobalt

    -  Hole 2: 47.5 metres grading 1.1% copper & 0.04% cobalt, including 6.5
       metres grading 3.7% copper, 0.12% bismuth & 0.07% cobalt

    -  Hole 3: 58 metres grading 1.2% copper & 0.07% cobalt, including 8.5
       metres grading 2.3% copper & 0.10% cobalt and 8.0 metres of 2.3%
       copper & 0.04% cobalt

    -  Hole 4: 18.5 metres grading 1.3% copper, plus 13.0 metres grading 1.4%
       copper & 0.07% cobalt

    -  Hole 6: 4 metres grading 2.35% copper, 0.05% (1.1 lb/t) cobalt & 0.04%
       bismuth, plus 11 metres grading 1.1% copper & 0.05% cobalt

    -  Hole 7: 26 metres grading 1.2% copper & 0.05% cobalt, including 6.5
       metres of 2.7% copper, 0.04% cobalt, 0.06% bismuth (1.4 lb/t), 0.5 g/t
       gold, 13.2 g/t silver

    -  Hole 8: 13 metres grading 1.6% copper, including 6 metres of 2.7%
       copper, 0.04% cobalt, 0.06% bismuth, 0.63 g/t gold, 21.3 g/t silver
    

    Recent copper price is around US$3.75/lb; cobalt US$38.00/lb; bismuth
US$12.00/lb. Metal market analysts expect cobalt prices to rise in 2009 and
beyond due to demand surges for batteries in hybrid cars, cell phones and
laptop computers, in addition to anticipated increased demand by the aviation
industry arising from Airbus construction.
    Drill core is securely stored at Stratabound's core shack facility in
Bathurst. A total of 4,400 samples have been submitted for assay (not
including blank samples, certified standard reference samples, quartered
samples, duplicates and third party checks submitted in accordance with
Quality Control and Quality Assurance protocols). Half-core samples from the
first 14 holes were assayed by SGS Mineral Services in Toronto, Ontario.
    The exploration at Captain is under the supervision of John Duncan,
P.Geo. The technical information contained in this release has been reviewed
by John Duncan, P.Geo. and Stan Stricker, P.Geol., Qualified Persons as
defined in National Instrument 43-101.
    Drilling on Captain was partially funded by a $100,000 grant awarded to
Stratabound by the Province of New Brunswick Deposit Evaluation Program.

    Stratabound is a Canadian junior mining and exploration company currently
exploring for precious and base metals in several areas of New Brunswick,
Ontario and 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

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Stratabound Minerals Corp.

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