Stratabound acquires additional property at Elmtree

    SB: TSX Venture Exchange
    Issued: 30,936,609 shares

    CALGARY, Oct. 2 /CNW/ - Stratabound Minerals Corp. (TSX.V:SB) has entered
into an arm's length agreement with Dr. A. B. (Ben) Baldwin to purchase 42
mineral claims surrounding Stratabound's ten-claim Elmtree Gold property,
located near Bathurst, New Brunswick. Dr. Baldwin will receive 50,000 shares
of Stratabound, subject to regulatory approval, and a 2% net smelter return
royalty on any production from the purchased claims. The Elmtree property's
size has consequently increased from 400 to 2,080 acres.
    Dr. Baldwin has joined Stratabound's exploration team as a geological
consultant, and will help manage exploration and drilling programs on the
newly acquired ground.

    The acquisition is important for the following reasons:
    -   gold occurrences are reported on the new claims along the eastern
        extension of the main fault structure from Elmtree
    -   deep drilling on the West Gabbro Zone can now proceed, as drill sites
        may now be set up on the new property
    -   four untested airborne electromagnetic conductors are present on the
        new claims

    The company is awaiting the results of additional gold assays on untested
Elmtree drill core from the West Gabbro Zone. The core was retrieved from the
provincial government's core facility, where it has been stored since the
1980s. Once the last assay results have been received, Mercator Geological
Services Limited of Dartmouth, N.S. will complete their initial mineral
resource estimate and Technical Report, prepared in accordance with National
Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and
Petroleum Standards on Mineral Resources and Mineral Reserves Definitions and
    Drill core is securely stored at Stratabound's core shack facility in
Bathurst. Analysis of half core samples is being carried out 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)

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Stratabound Minerals Corp.

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