Stratabound Minerals Appoints New Directors

SB: TSX Venture Exchange

Issued: 62,075,111 shares

CALGARY, Sept. 2 /CNW/ - Stratabound Minerals Corp. is pleased to announce the addition of three new directors to its Board, subject to regulatory approval. All three have significant experience in the mining industry. The new directors are Lindsay R. Bottomer, Michael L. Page, and Edward G. Thompson.

Lindsay Bottomer is currently Vice President Corporate Development and a director of Entrée Gold Inc., which in partnership with Ivanhoe Mines Ltd. is focused on exploration and development of the Oyu Tolgoi copper-gold system in Mongolia, currently one of the world's largest copper-gold development projects.

His professional career spans nearly 40 years and has included senior exploration and management positions with Aberfoyle Resources (Cominco Australia), Prime Explorations (Pezim Group), Echo Bay Mines, and IMA Exploration. In addition to Oyu Tolgoi, he has been directly involved in a number of other significant projects at the acquisition, exploration and/or development stages. These include Eskay Creek (gold-silver, British Columbia), Ann Mason (copper-molybdenum, Nevada), Aquarius (gold, Ontario) and Ulu (gold, Nunavut).

Mr. Bottomer holds a B.Sc.(Honours) degree in geology from the University of Queensland and an M.Sc.(Applied) degree in mineral exploration from McGill University. He is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and served for six years as an elected councillor of the association. He has also served as President of the British Columbia and Yukon Chamber of Mines, and is a fellow of the Australasian Institute of Mining and Metallurgy. He is currently a director of several public companies.

Ed Thompson is currently president of his own consulting firm and a director of five resource companies. Most recently, he was Chairman of Chariot Resources which was acquired by a Chinese group for its large copper project in Peru, and a director of Freewest Resources, which was acquired by Cliffs Natural Resources following Freewest's world-class chromite discoveries in northern Ontario.

During his 50 year professional career, he has held senior exploration and management positions with Teck Corporation, Lacana Mining Corporation (President) and the Anglo American-Minorco Group (President). Over the last 20 years he has served as chairman, president or director of more than 20 resource companies.

Mr. Thompson holds a BASc degree in Engineering Geology and a MASc in Economic Geology from the University of Toronto. He is a member of the Professional Engineers of Ontario, a past president of the Prospectors and Developers Association of Canada (and still chairs their Awards Committee), and a director and treasurer of the Canadian Mining Hall of Fame.

Mike Page is Vice President of private mining company MC Intergeo that manages Russian exploration assets for Mikhail Prokhorov, a well-known Russian businessman with broad investment interests, including the mining sector. Mike is also on the management team of Maple Minerals, a private Canadian company which controls the Caribou mine and mill near Bathurst, New Brunswick.

He has been active in the mining industry for 36 years, recently serving as Director for Geological Exploration at MMC Norilsk Nickel, (the world's largest producer of nickel and palladium and one of the leading producers of platinum and copper), where he was in charge of exploration, development, mining geology, and reserve estimation. Previously he was Vice President Exploration for Ivanhoe Mines group companies in China and Southern Africa; Chief Geologist and Exploration Manager for Golden Shamrock Mines in West Africa and Australia; and Chief Geologist - Americas with Australian mining giant WMC. He has been involved with copper, gold, and nickel feasibility studies and development projects in Russia, Australia and Spain, and owns a nickel-focused consulting company, Exploration Services International, whose clients have included BHP Billiton, Gold Fields, and Rio Tinto.

Mr. Page holds a B.S. Honors Geology degree from the University of Massachusetts and an M.Sc. Geology degree from the Hebrew University of Jerusalem. He is a Fellow of both the Society of Economic Geologists and the Australian Institute of Mining and Metallurgy, and a member of the Society of Mining, Metallurgy, and Exploration.

The Corporation has granted each of the new directors 300,000 options at an exercise price of $0.10 per share for a term of 5 years, vesting immediately, and an additional 50,000 to an existing director on the same terms.

To facilitate these appointments, Mr. Peter McKenzie-Brown and Mr. Michael S. Mann have agreed to resign as directors of the Company. The Board thanks Mr. Mann and Mr. McKenzie-Brown for their support and counsel as directors over many years and for standing aside to strengthen the mining experience on the Board. Given their longstanding history with Stratabound, the Company has retained their services as advisors to Stratabound.


About Stratabound Minerals Corp.

Stratabound is a Canadian natural resource company exploring and developing gold and base metal properties in eastern Canada. It is currently focused on building a resource base in the infrastructure-rich Bathurst Mining District of northern New Brunswick. Three world-class base metal mines occur within a 20 kilometre radius of Stratabound's Captain/CNE and Taylor Brook properties, namely Brunswick No. 12, Brunswick No. 6, and Heath Steele.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

Stan Stricker, P. Geol, President
403-258-3630
[email protected]
www.stratabound.com