Stratabound Reports Copper-Gold Intersection on Captain

    SB: TSX Venture Exchange
    Issued: 31,041,609 shares

    -   7.5 metres grading 3.18% copper, 0.05% cobalt and 0.44 g/t gold
    -   52 metres grading 1.12% copper, 0.05% cobalt and 0.24 g/t gold

    CALGARY, Oct. 12 /CNW/ - Stratabound Minerals Corp. (TSX.V:SB) announces
that assay results have been received from part of its first drill hole 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.
    Drilling is partially funded by a grant awarded to Stratabound by the
Province of New Brunswick Deposit Evaluation Program to determine whether an
economic copper-gold deposit reaches surface and can be mined with open pit
    Hole CP-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). Due to the
presence of strong chlorite alteration accompanied by lesser amounts of
chalcopyrite, the hole was continued to a depth of 215 metres.
    Initial assay results confirm that a copper-gold zone carrying
potentially economic-grade sulphides is present, as reported by Captain Gold
Mines Ltd. in 1956.
    Results have been received for a continuous 52-metre long core interval
(estimated true width 26 metres) beginning at 86 metres down the hole and
ending at 138 metres. Assays are pending for 92 additional metres of sampling
above and below the interval reported here.
    A 7.5 metre interval assayed 3.18% copper and 0.44 g/t gold, including
one metre grading 11.46% copper, 0.134% cobalt, 0.94 g/t gold and 44.5 g/t
    Average grade for the entire 52 metre interval is 1.12% copper,
0.049% cobalt and 0.24 g/t gold. The zone appears to dip to the west at about
60 degrees, and folding is evident.

                              Length    Copper    Cobalt     Gold     Silver
    From              To      Metres       %         %        g/t      g/t
    86               138         52      1.12      0.049     0.24      4.67
    88.5             100       11.5      2.59      0.074     0.43      10.5
    88.5              96        7.5      3.18      0.050     0.44     12.34
    93                96        3.0      5.41      0.091     0.63      21.2
    93.5            94.5        1.0     11.46      0.134     0.94      44.5
    & incl.
    118              121        3.0      2.46      0.036     0.45      9.77

    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 mineralization at Captain occurs at the contact between chloritized,
completely soda-leached (0.04% sodium) rhyolite porphyry ("quartz augen
schist") of the Nepisiguit Falls Formation and chloritic tuffaceous sediment.
This contact is time-equivalent to the productive Brunswick No. 12 Horizon.
These are considered favourable geochemical and geological features for ore
    Twelve holes have been drilled to date, and assay results will be
released as they are received. Drill holes CP-07-02 and CP-07-03 were collared
on Section line 120N, 10 and 20 metres east of hole CP-07-01. Both are
vertical holes drilled to test the -75 metre and -50 metre levels,
respectively. Drill hole CP-07-04 was collared 20 metres south of CP-07-01 and
drilled vertically, testing the -100 metre level. Holes CP-07-05 to CP-07-12
tested the -25 metre level along a 110 metre strike length.
    Stratabound has retained Jacques Whitford of Fredericton, New Brunswick
to document present-day environmental conditions at Captain in a manner that
will contribute information that may be required for Environmental Impact
Assessment (EIA) or Environmental Effects Monitoring (EEM) purposes in the
future, should a commercial mine development be contemplated.
    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)

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Stratabound Minerals Corp.

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