Stratabound Drills More Copper-Cobalt in Fourth Hole at Captain



    
    SB: TSX Venture Exchange
    Issued: 37,049,702 shares

    Highlights:

    -   Hole 4: 18.5 metres grading 1.3% copper, plus 13.0 metres grading
        1.4% copper & 0.07% (1.5 lb/t) cobalt

    Previously reported highlights:

    -   Hole 1: 57.5 metres grading 1.0% copper & 0.05% (1.0 lb/t) 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
    

    CALGARY, Jan. 24, 2008 /CNW/ - Stratabound Minerals Corp. (TSX.V:SB) is
pleased to release assay results from the fourth drill hole on its 100%-owned
Captain Property, near Bathurst, New Brunswick. The Captain Property is
situated 20 kilometres south of the world-class Brunswick No. 12 Mine and ten
kilometres east of Heath Steele Mines, a major past producer.
    Results continue to be extremely positive, confirming that potentially
economic-grade, near-surface copper-cobalt sulphides are present, carrying
appreciable gold, silver and bismuth values. Hole 4 was drilled 20 metres
along strike south of Hole 1, testing the 100-metre level. Assay results from
the first three holes were reported in news releases dated October 12, 2007
and December 20, 2007. Results for Hole 4 are reported in the table below:

    
    -------------------------------------------------------------------------
                                                                         Sil-
    Drill-            Length  Cu    Co     Bi    Cu    Co    Bi     Gold ver
    hole   From   To  Metres   %     %      %   lb/t  lb/t   lb/t   g/t  g/t
    -------------------------------------------------------------------------
    07-4
    -------------------------------------------------------------------------
    Upper  86.0  118.5 32.5  0.85  0.021  0.019  18.7  0.46  0.42  0.16  6.14
    -------------------------------------------------------------------------
    Copper             incl
    -------------------------------------------------------------------------
    Zone   99.5  118.0 18.5  1.32  0.024  0.030  29.1  0.53  0.66  0.24  9.61
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
          111.0  118.0  7.0  2.09  0.027  0.049  46.1  0.60  1.08  0.33  9.24
                       incl
    -------------------------------------------------------------------------
          113.0  118.0  5.0  2.49  0.023  0.064  54.9  0.51  1.41  0.35  9.32
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
          117.0  117.5  0.5  5.54  0.039  0.034 122.1  0.86  0.75  0.59 16.30
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Lower 150.0  173.0 23.0  0.93  0.051  0.010  20.5  1.12  0.22 0.074  5.04
    -------------------------------------------------------------------------
    Copper             incl
    -------------------------------------------------------------------------
    Zone  150.0  163.0 13.0  1.42  0.069  0.016  31.3  1.52  0.35  0.10  7.62
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
          153.0  160.0  7.0  2.17  0.073  0.019  47.8  1.61  0.42  0.12 11.26
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
          154.5  156.5  2.0  3.31  0.076  0.028  73.0  1.68  0.62  0.12 16.98
    -------------------------------------------------------------------------
    Minor
    -------------------------------------------------------------------------
    Copper 74.5   75.0  0.5  1.33  0.028  0.009  29.3  0.62  0.20  0.20  6.06
    -------------------------------------------------------------------------
    Zones 226.5  227.0  0.5  1.25  0.017  0.014  27.6  0.37  0.31  0.38  3.11
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Best Cobalt
          137.0  162.0 25.0  0.82  0.074  0.010  18.1  1.63  0.22  0.091 4.58
    -------------------------------------------------------------------------
    

    Recent copper price is around US$3.15/lb; cobalt US$47.50/lb; bismuth
US$14.50/lb.

    Twelve holes have been completed in this initial program. The four holes
reported to date were drilled vertically. The deposit is believed to be
dipping 60 degrees to the west, and true widths are estimated to be about
50 percent of core lengths. Additional results will be released as they are
received and processed. A ground geophysical survey is in progress on the
Captain claims to follow-up several airborne geophysical conductors resembling
the airborne anomaly associated with the known deposit. A baseline
environmental survey has been completed on the property.
    Drilling was partially funded by a grant awarded to Stratabound by the
Province of New Brunswick Deposit Evaluation Program. Stratabound is currently
drilling on its nearby Elmtree Gold property, and anticipates that drilling,
including some deep holes, will resume on Captain in February when a second
drill becomes available.
    While Captain's copper grades and widths are attractive, the cobalt
content is also significant. Cobalt markets are tight, with producer stocks
either sold out or running low while demand surges for batteries in hybrid
cars, mobile phones and laptop computers. Supply constraints have been
exacerbated by a moratorium on the export of raw concentrates from the Congo
and the depletion of U.S. government and Russian stockpiles. Cobalt use in
rechargeable batteries has increased by 300% in four years, with the fastest
growing segment being fuel-efficient hybrid cars. U.S. sales of hybrid cars
are forecast to increase from 350,000 this year to over one million by 2012,
while sales of cell phones and laptops are also surging. Cobalt prices have
virtually doubled each of the last two years, and are currently hitting record
levels, with BHP Billiton and Norilsk Nickel reportedly increasing their offer
prices at every sale.
    The mineralization drilled to date at Captain is of the
chlorite-pyrrhotite-pyrite-chalcopyrite "stringer zone" or "feeder zone" type,
which often forms the footwall portion of volcanogenic massive sulphide
deposits in the Bathurst Camp and in numerous other Canadian VMS deposits.
Additional massive lead-zinc-copper-silver mineralization is often present
near such feeder zones, and the potential exists for such mineralization at
Captain, which will be explored with continued drilling and geophysics.
Geochemical analysis is encouraging, indicating the Upper Copper Zone in Hole
4 is characterized by highly anomalous amounts of zinc (32.5 metres averaging
1,220 parts per million, including assays of 1.84%, 1.61% and 1.38% Zn) and
lead (7 metres with 798 p.p.m.). The Lower Copper Zone is notably high in
indium (7 metres with 7.9 g/t).
    The exploration at Captain is under the supervision of John Duncan,
P.Geo. Drill core is securely stored at Stratabound's core shack facility in
Bathurst. Analysis of half core samples is done by SGS Mineral Services in
Toronto, Ontario. Stratabound has Quality Control and Quality Assurance
protocols in place for drill core that include blank samples, duplicate
samples, certified standards and third party check samples.
    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.

    Stratabound is a Canadian junior mining and exploration company currently
exploring for precious and base metals in several areas of New Brunswick, in
two mineral-rich regions of northern Quebec, and in Ontario.

    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.

    Drill core samples from the Captain and Elmtree properties will be
displayed at the Mineral Exploration Roundup 2008 Conference in Vancouver,
January 28 to January 31. Shareholders and other interested parties are
invited to view the exhibit in the New Brunswick Rock Room (Chehalis and
Capilano Rooms, Level 2), Western Bayshore Resort and Marina.





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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