Stratabound options Quebec gold prospect

SB: TSX Venture Exchange

Issued: 62,075,111 shares

CALGARY, Sept. 7 /CNW/ - Stratabound Minerals Corp. is pleased to announce that it has optioned a 16-claim (519 hectare) gold prospect in the Gemini Hills area of Berry Township, Québec, near the village of Saint-Gérard-de-Berry, about 90 kilometres north-northwest of Val-d'Or. The property is well located, with easy road access and readily available electricity, water and a skilled local labour pool experienced in all aspects of exploration and mining.

Historic Assays

Historic assays from two mineralized outcrops on the property, about 750 metres apart, discovered by local prospectors in 1945 and 1946, are recorded in Quebec Department of Mines (QDM) and Québec Ministère de l'Energie et des Ressources (QMER) files. Highlights include grab, channel and drillcore samples.

    
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    Sample      Length      Gold    Length    Gold    Reference
     Type      (metres)    (g/t)     (ft)   (oz/ton)
    -------------------------------------------------------------------------
    Grab           -       13.36      -      0.39  QDM#GM6252
    -------------------------------------------------------------------------
    Grab           -       16.10      -      0.47  QMER#GM42776
    -------------------------------------------------------------------------
    Channel       0.6       4.79     2.0     0.14  QMER#GM42776
    -------------------------------------------------------------------------
    Channel       1.3       7.88    4.25     0.23  QMER#GM44706
    -------------------------------------------------------------------------
    Channel       1.7      17.47     5.5     0.51  QMER#GM42776
    -------------------------------------------------------------------------
    Drillcore    9.44       7.88    31.0     0.23  QMER#32D16-003
    (best
    intersection
    from 9
    holes)
    -------------------------------------------------------------------------
    

These results are from exploration programs undertaken prior to the implementation of National Instrument 43-101 that neither the Company nor its Qualified Person can verify; however the Company believes they are both reliable and material.

There are numerous other gold occurrences within five kilometres of the Gemini Hills property. All known gold showings on the property and in the area occur in shears, dikes and quartz veins at or near the contact of a syenite stock that intrudes a belt of Archean-age volcanic and conglomeratic sedimentary rocks reminiscent of the Kirkland Lake, Ontario gold camp. The property covers a 4.5 kilometre portion of the favourable contact, adjacent to ground held by Agnico-Eagle.

The Gemini Hills claims have been explored sporadically by several individuals and companies since the 1945 prospecting discovery, with no work done since 1997. Previous exploration has consisted mostly of re-sampling the known showings, and magnetic and electromagnetic geophysical surveys. Limited drilling has been done to date, with most of the geophysical targets remaining untested. Geochemical surveying has never been attempted.

An exploration program is underway on the property, beginning with linecutting and prospecting.

Terms of Agreement

Stratabound can acquire a 100% interest in the claims, subject to a 1.5% net smelter return royalty on any production. Purchase price is 50,000 Stratabound shares payable immediately at a deemed price of $0.08 per share, plus 50,000 shares payable on or before August 3, 2011 at a deemed price of then-current market price less allowable discount, subject to regulatory approval. Stratabound can purchase half the royalty at any time for $1,000,000. An exploration program budgeted at $75,000 to $100,000 is to be performed during 2010, managed by GFE Forestry and Exploration Services with the assistance of Marc Boivin, P.Geo.

The technical information contained in this release has been reviewed by Stan Stricker, P.Geol., a Qualified Person as defined in National Instrument 43-101.

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.

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 does not plan to update or alter any forward looking statement except where required by law. 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: Stan Stricker, P. Geol, President, 403-258-3630, [email protected], www.stratabound.com