Mr. Kim Tyler reports

STRATABOUND UPDATES STATUS OF RESULTS ON GOLDEN CULVERT PROJECT, YUKON TERRITORY

Stratabound Minerals Corp. expects to be able to provide a summary of drilling results for this summer's exploration program at the Golden Culvert project located in the Hyland Valley gold district, southeastern Yukon Territory, by mid-October. Diamond drilling of eight holes across 500 metres of strike length was completed in late August. The drill core was transported to Whitehorse, Yukon Territory, where it was logged, split and sampled. All core samples were submitted for analysis by Sept. 10. At the present time, the company has received analyses on approximately 15 per cent of the samples.

All core is currently stored in Whitehorse, Yukon Territory. The Golden Culvert camp has been shut down and completely demobilized for winter.

President and chief executive officer R. Kim Tyler commented: "We encountered a few delays in getting the drill core logged, cut and sampled due to mechanical issues related to the rented diamond core cutting equipment utilized on site. We resolved the situation by relocating the core to a secure and professional core processing facility in Whitehorse, Yukon Territory, where it has since been processed and submitted to ALS Global Laboratories for assaying. We are expecting to receive the assay results in order to report to shareholders by mid-October. We continue to be encouraged by the visual inspection of the drill core and the partial results we have received to date."

About the Golden Culvert and Little Hyland properties

Golden Culvert and Little Hyland cover 83.8 square kilometres in the southeast Yukon Territory across a 24-kilometre strike located approximately 20 kilometres northeast of and parallel to Golden Predator Mining Corp.'s 3 Aces property. Work filed in Yukon mineral claims assessment reports has outlined a northerly trending, three-kilometre-by-250-metre, plus 30 parts per billion gold up to 791 ppb Au gold-in-soil anomaly that remains open at both ends. The soil anomaly is centred around partially exposed primary gold-bearing quartz veins grading between 7.7 to 22.8 g/t gold over one metre and complementary gold-bearing quartz vein stockwork within a larger silicified, altered, sulphide and gold-bearing wallrock grading up to 2.27 g/t gold over 0.5 metre.

Prior to this summer's exploration program, a total of $564,400 of work had been done on the property, including 3,645 soil samples, 48 stream samples, 239 rock samples, 19.4 line km of ground magnetic survey and 18.5 line km of very low frequency survey. This summer's program of $750,000 includes the completed trenching and continuing drilling to further define the highly mineralized areas of the property.

About Stratabound Minerals Corp.

Stratabound Minerals is a Canadian exploration and development company focused on the Yukon Territory and to a lesser extent the Bathurst mining camp in New Brunswick. Stratabound management has a diversified record of exploration, development and operating successes that will facilitate the development of the company's exploration projects.

We seek Safe Harbor.