Mr. Gary Nassif reports

STRATABOUND ANNOUNCES COMPLETION OF SHARES FOR DEBT TRANSACTION

Stratabound Minerals Corp. has completed the previously announced share-for-debt transaction with R.W. Tomlinson Ltd. The company entered into a share-for-debt amending agreement with R.W. Tomlinson, pursuant to which it has agreed to issue 57,063,722 common shares at 2.5 cents per share to settle a company debt in the amount of $1,426,593.05 owing to R.W. Tomlinson under a note the company assumed with the acquisition of California Gold Mining Inc. and its subsidiaries.

The company shares issued are subject to a statutory four-month hold period.

There are no finders' fees or commissions payable in connection with the debt settlement transaction.

About Stratabound Minerals Corp.

Stratabound Minerals is a Canadian exploration and development company with grassroots and advanced exploration properties in highly prospective and safe mining jurisdictions.

Its Golden Culvert and Win projects, Yukon, covering 99.5 square kilometres across a 27-kilometre strike length, are situated in a district-scale, high-grade-gold-mineralized trend within the southern portion of the Tombstone gold belt. Gold deposits and occurrences within the belt include Fort Knox, Pogo, Brewery Creek and Dublin Gulch, and Snowline Gold's Valley target on its Rogue property in the Selwyn basin.

Its McIntyre Brook project, New Brunswick, covering 120 square kilometres and a 17-kilometre strike length in the emerging Triple Fault gold belt, is surrounded by Puma Exploration's Williams Brook project (5.55 grams per tonne (g/t) gold (Au) over 50 metres) and is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway project.

The company is also advancing its Fremont Gold development project in the historic Mother Lode gold belt of California, where 50 million ounces (oz) of gold has been produced. Fremont, located 500 kilometres north of Equinox Gold's Castle Mountain and Mesquite mines, has a PEA (preliminary economic assessment) with an after-tax NPV (net present value) of $217-million (U.S.), a 21-per-cent IRR (internal rate of return), 11-year LOM (life of mine), averaging 118,000 ounces per annum at $1,750 (U.S.) gold. The project hosts an NI 43-101 resource of 1.16 million oz at 1.90 g/t Au within 19.0 million tonnes (t) indicated and 2.02 million oz at 2.22 g/t Au within 28.3 million t inferred. The MRE evaluates only 1.4 kilometres of the four-kilometre strike length of the Fremont property that features four gold-mineralized zones. Significantly, three stepout holes at depth hit structure, typical of orogenic deposits that often occur at depth. Fremont is located on private land in Mariposa, the original gold rush county and is 1.5 hours from Fresno, Calif. The property has year-round road access and is close to airport and rail. Please refer to the Fremont Gold project PEA dated April 4, 2023, under NI 43-101 guidelines. The technical report has been reviewed and approved by independent qualified persons Eugene Puritch, PEng, FEC, CET, and Andrew Bradfield, PEng, both of P&E, and Travis Manning, PE, of KCA.

The company also holds a pipeline of early-stage exploration projects including the critical mineral Captain cobalt-copper-gold deposit in New Brunswick and the Dingman gold project, Ontario.

We seek Safe Harbor.