Stratabound Reports Results of First Three Drill Holes at Captain



    SB: TSX Venture Exchange Issued: 36,839,702 shares

    
    -   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, Dec. 20 /CNW/ - Stratabound Minerals Corp. (TSX.V:SB) is pleased
to release final assay results from its first three drill holes 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 to date are extremely positive, and confirm that potentially
economic-grade, near-surface copper-cobalt sulphides are present, carrying
appreciable gold, silver and bismuth values. Partial assay results from the
first hole were reported in a news release dated October 12, 2007. Complete
results for the first three holes are reported in the table below.
    The drill program began with a series of closely spaced vertical holes to
determine whether copper mineralization first discovered by Captain Gold Mines
in 1956 reaches surface and can be mined with open pit methods. Drilling is
partially funded by a grant awarded to Stratabound by the Province of New
Brunswick Deposit Evaluation Program.
    Hole 07-01 was collared on Section Line 120 N at 250 W and drilled
vertically to test the -100 metre level (100 metres below surface). Holes
07-02 and 07-03 were also drilled vertically on Line 120 N. Holes 2 and 3 were
collared 10 and 23 metres east of 07-01, respectively, and tested the
mineralization at successively shallower depths. The deposit is believed to be
dipping 60 degrees to the west, and true widths are estimated to be about 50%
of core lengths.
    Recent copper price is around US$2.90/lb; cobalt US$43.00/lb; bismuth
US$14.50/lb.

    
    -------------------------------------------------------------------------
                                                                         Sil-
    Drill-            Length  Cu    Co     Bi    Cu     Co     Bi   Gold  ver
    hole   From   To  Metres   %     %      %   lbs/t  lbs/t  lbs/t  g/t  g/t
    -------------------------------------------------------------------------
    07-1
    -------------------------------------------------------------------------
    Copper
     -Cobalt
     Zone  85.0  142.5  57.5  1.03  0.047  0.040  22.7  1.0  0.9  0.22  4.34
    -------------------------------------------------------------------------
                       or
    -------------------------------------------------------------------------
           76.5  142.5  66.0  0.89  0.041  0.034  19.6  0.9  0.8  0.20  3.78
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
           88.0  121.5  33.5  1.64  0.048  0.067  36.2  1.0  1.5  0.31  6.51
    -------------------------------------------------------------------------
           88.5  100.0  11.5  2.59  0.074  0.067  57.1  1.6  1.5  0.43 10.50
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
           88.5   96.0   7.5  3.18  0.067  0.050  70.1  1.5  1.1  0.44 12.34
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
           93.0   96.0   3.0  5.41  0.091  0.082 119.3  2.0  1.8  0.63 21.20
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
           93.5   94.5   1.0 11.46  0.134  0.103 252.6  3.0  2.3  0.94 44.50
    -------------------------------------------------------------------------
                       & incl
    -------------------------------------------------------------------------
          118.0  121.0   3.0  2.46  0.036  0.385  54.2  0.8  8.5  0.45  9.77
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Lower
     Co-
     balt
     Zone 146.5  166.0  19.5  0.09  0.090  0.012   1.9  2.0  0.3  0.12  1.13
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
          146.5  152.5   6.0  0.11  0.120  0.017   2.4  2.6  0.4  0.17  1.77
    -------------------------------------------------------------------------
                       & incl
    -------------------------------------------------------------------------
          158.0  166.0   8.0  0.08  0.103  0.126   1.8  2.3  2.8  0.13  0.78
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    07-02  55.5  103.0  47.5  1.06  0.041  0.024  23.4  0.9  0.5  0.12  4.75
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
           55.5   78.0  22.5  1.69  0.045  0.041  37.3  1.0  0.9  0.17  7.89
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
           62.5   78.0  15.5  2.29  0.055  0.058  50.5  1.2  1.3  0.23 10.57
    -------------------------------------------------------------------------
                       or
    -------------------------------------------------------------------------
           63.5   76.5  13.0  2.65  0.061  0.004  58.4  1.3  0.1  0.25 12.06
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
           66.5   73.0   6.5  3.67  0.072  0.119  80.9  1.6  2.6  0.19 15.67
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
           69.5   71.5   2.0  5.99  0.085   0.26 132.1  1.9  5.6  0.30 26.25
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
          176.5  177.0   0.5  1.71  0.104  0.026  37.7  2.3  0.6  1.27  9.43
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    07-03  41.5  129.5  88.0  0.84  0.066  0.022  18.6  1.5  0.5  0.21  4.15
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
           41.5   99.5  58.0  1.24  0.067  0.032  27.3  1.5  0.7  0.24  5.70
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
           43.5   62.0  18.5  1.50  0.098  0.020  33.1  2.2  0.4  0.16  6.30
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
           49.0   57.5   8.5  2.27  0.103  0.030  50.0  2.3  0.7  0.14  8.32
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
           52.0   55.0   3.0  3.44  0.113  0.051  75.8  2.5  1.1  0.18  11.97
    -------------------------------------------------------------------------
                       & incl
    -------------------------------------------------------------------------
           67.0   69.5   2.5  2.87  0.047  0.061  63.3  1.0  1.3  0.30  11.49
    -------------------------------------------------------------------------
                       & incl
    -------------------------------------------------------------------------
           74.5   82.5   8.0  2.27  0.037  0.116  50.0  0.8  2.6  0.46   9.82
    -------------------------------------------------------------------------
                       incl
    -------------------------------------------------------------------------
           77.5   82.5   5.0  2.85  0.040  0.164  62.8  0.9  3.6  0.52  12.33
    -------------------------------------------------------------------------
                       & incl
    -------------------------------------------------------------------------
           95.0   98.0   3.0  1.65  0.102  0.042  36.4  2.2  0.9  0.59  13.41
    -------------------------------------------------------------------------
    

    The mineralization 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. Additional
massive copper-lead-zinc-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.
    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.





For further information:

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

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