Stratabound Provides New Elmtree Property Resource Estimate, Drilling Continues



    Symbol: SB:TSX-V
    Issued: 37,049,702 shares

    CALGARY, Feb. 14 /CNW/ - Stan Stricker, P. Geol., President of
Stratabound Minerals Corp. is pleased to announce receipt of a mineral
resource estimate for the company's Elmtree gold (silver, zinc, lead) property
located approximately 20 kilometres northwest of Bathurst, New Brunswick. The
estimate was prepared by Mercator Geological Services Limited, an independent
geological consulting firm based in Dartmouth, Nova Scotia and is considered
compliant with both Canadian Institute of Mining, Metallurgy and Petroleum
Standards on Mineral Resources and Reserves Definitions and Guidelines (the
CIMM Standards) and reporting requirements of National Instrument 43-101.
    Details of the Elmtree resource estimate are presented below in Tables 1
and 2 and reflect combined historic and Stratabound exploration program
results for three separate mineralized zones, these being the West Gabbro Zone
(WGZ), South Gold Zone (SGZ) and Discovery Zone (DZ). All zones strike
predominantly east-west, have near vertical dips and reflect combinations of
quartz vein, mineralized shear and mineralized alteration zone settings.

    
    Table 1: Elmtree Property Mineral Resource Estimate:
    Effective February 14, 2008

    -------------------------------------------------------------------------
                                       Tonnes    Gold    Silver    Lead  Zinc
     (*)Deposit         Category     (Rounded)   (g/t)    (g/t)      %     %
    -------------------------------------------------------------------------
    WGZ (High Grade)    Indicated     145,000    4.76        -       -     -
    -------------------------------------------------------------------------
    WGZ (Low Grade)     Indicated     380,000    1.57        -       -     -
    -------------------------------------------------------------------------

                 Total                525,000    2.45        -       -     -

    -------------------------------------------------------------------------
    WGZ (High Grade)     Inferred     300,000    5.22        -       -     -
    -------------------------------------------------------------------------
    WGZ (Low Grade)      Inferred   1,156,000    1.26        -       -     -
    -------------------------------------------------------------------------
    WGZ (Peripheral)     Inferred     101,000    1.08        -       -     -
    -------------------------------------------------------------------------

                 Total              1,557,000    2.01        -       -     -

    -------------------------------------------------------------------------
    SGZ                  Inferred   2,367,000    0.74        -       -     -
    -------------------------------------------------------------------------

                 Total              2,367,000    0.74        -       -     -

    -------------------------------------------------------------------------
    DZ Au Only Zone      Inferred     583,000    1.15        -       -     -
    -------------------------------------------------------------------------

                 Total                583,000    1.15        -       -     -

    -------------------------------------------------------------------------
    DZ Au/Ag/Pb/Zn Zone  Inferred     117,000    1.77    44.36    0.78  2.17
    -------------------------------------------------------------------------
    DZ Ag/Pb/Zn Zone     Inferred      41,000       -     25.8    0.43  1.53
    -------------------------------------------------------------------------

                 Total                158,000    1.31    39.54    0.69  2.00

    -------------------------------------------------------------------------
    (*)Notes:  WGZ = West Gabbro Zone, SGZ = South Gold
               Zone, DZ = Discovery Zone; WGZ High Grade Au Cutoff
               = 3.00g/t/2.0m; Low Grade and Peripheral Au Cutoff
               = 0.5g/t/2.0m; SGZ Au Cutoff =
               0.3g/t/3m; DZ Au Cutoff = 0.5g/t/2.0m


    Table 2: Elmtree Property Mineral Resource Estimate: Contained Gold and
    Silver

    -------------------------------------------------------------------------
                                                    Gold              Silver
                              Tonnes      Gold    Ounces    Silver    Ounces
     (*)Deposit   Category  (Rounded)      g/t  (Rounded)     g/t   (Rounded)
    -------------------------------------------------------------------------
    WGZ          Indicated   525,000      2.45    41,000       NA         NA
    -------------------------------------------------------------------------

           Total                                  41,000

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    WGZ, SGZ &
     DZ Gold
     Only Zones   Inferred 4,507,000      1.23   178,000       NA         NA
    -------------------------------------------------------------------------
    DZ - Gold,
     Silver,
     Zinc & Lead
     zones        Inferred   117,000      1.77     7,000    44.36    167,000
    -------------------------------------------------------------------------
    DZ - Silver
     plus Zinc
     & Lead Zone  Inferred    41,000        NA        NA     25.8     34,000
    -------------------------------------------------------------------------

           Total                                 185,000             201,000

    -------------------------------------------------------------------------
    See Table 1 Notes
    

    The WGZ is the best-defined zone and contains both Indicated and Inferred
mineral resources related to a sheared and locally quartz-veined gabbro body.
The lower grade SGZ is located approximately 100 metres south of the WGZ and
in combination with the DZ, located 425 metres to the east, accounts for
remaining Inferred resources. Gold is the metal of primary economic interest
at Elmtree, but results show that silver, lead and zinc in a portion of the DZ
also occur at levels of economic significance. As a result, multiple metals
have been incorporated in the resource estimate where appropriate. Antimony
levels of potentially economic interest have also been recorded at Elmtree and
will be assessed in the future. Mineralized zones are hosted by either
Devonian gabbro (WGZ) or faulted Ordovician and Silurian siliciclastic
sedimentary sequences (SGZ and DZ).
    The Elmtree deposits remain open to depth, and in several instances along
strike, and further drilling has been recommended to assess potential deposit
extensions. This drilling is currently in progress. In-fill drilling has also
been recommended for each deposit to better define mineralized zone
correlations.

    Resource Estimate Methodology

    The resource estimate is based on three-dimensional block models of the
Elmtree deposits developed using Surpac(C) Version 6.02 deposit modeling
software. Validated results for 69 historic diamond drill holes, plus those
for 48 drill holes and 9 surface trenches by Stratabound were used in the
models and each of the three mineralized zones was modeled separately, with
grade interpolation in all cases but one (Peripheral Blocks) being completely
constrained within multiple three-dimensional solids.
    The WGZ is the best defined of the three zones at present and has a
higher grade core of gold mineralization that was modeled separately from a
surrounding lower grade envelope. Inverse Distance Squared (ID(2))
interpolation was used for the main WGZ solids and several isolated drill hole
intercepts in the WGZ (termed Peripheral Blocks) were separately modeled with
a highly constrained search ellipse using ID3 interpolation. The SGZ and DZ
deposits were modeled using Nearest Neighbour interpolation constrained by
solids developed from minimum downhole gold grade and length parameters of
0.30 g/t over 3.00 meters and 0.50 g/t over 2.00 meters respectively. Solid
limits in these areas were established at drill section midpoints or at +/-25
meter dip and strike extensions from drill holes. Further interpolation
details are summarized in Table 3. Density factors reflect assignment as
follows: 3.00 gm/cm(3) for WGZ High Grade Zone and Low Grade Zone, 2.94
g/cm(3) for WGZ Peripheral Blocks; 2.70 gm/cm(3) for SGZ and 2.70 g/cm(3),
2.75 g/cm(3) or 2.80 g/cm(3) for the DZ, depending upon base metal sulphide
mineral content. The WGZ estimate was checked by ordinary Kriging with
satisfactory results and checks on the SGZ and DZ were completed using
polygonal methods with acceptable results. No high grade capping or cutting
factors were applied. Gold cutoff values selected reflect mineralized zone
characteristics plus occurrence of a substantial percentage of resources
within 100 vertical metres of surface, thereby providing potential for
assessment of open pit opportunities.
    Indicated category mineral resources occur only in the WGZ and are
defined as those model blocks within the High Grade or Low Grade solids for
which averaged distances to supporting composites was 25 metres or less, based
on 16 included composites from multiple drill holes. All other blocks in the
WGZ and all other modeled zones were classified as Inferred category
resources.

    
    Table 3: Elmtree Property Mineral Resource Estimate: Interpolation
    Parameters

    -------------------------------------------------------------------------
                     Block Size  Ellipse Anisotropy Axial Ratios
     (*)Deposit       (y, x, z)   (Secondary and Minor To Major)      Method
    -------------------------------------------------------------------------
    WGZ High Grade  2m x 5m x 5m  50m Range: 1x2; major axis az.
                                   270, -45 degree incl.                ID(2)
    -------------------------------------------------------------------------
    WGZ Low Grade   2m x 5m x 5m  50m Range: 1x5; major axis az.
                                   270, -45 degree incl.                ID(2)
    -------------------------------------------------------------------------
    WGZ Peripheral  2m x 5m x 5m  12.5m Range: 1x12.5; major axis
                                   az. 270, -45 degree incl.            ID(3)
    -------------------------------------------------------------------------
    SGZ             1m x 1m x 1m  NA                                      NN
    -------------------------------------------------------------------------
    DZ              1m x 1m x 1m  NA                                      NN
    -------------------------------------------------------------------------
    

    Michael P. Cullen, M.Sc., P. Geo., Senior Geologist at Mercator
Geological Services Limited, is the Qualified Person as defined under NI
43-101 who supervised the Elmtree resource estimation program and is
responsible for related technical information presented in this news release.
A technical report compliant with NI 43-101 and documenting resource
estimation procedures will be filed on SEDAR within 45 days of this press
release.

    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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