Mr. Hashim Ahmed reports

STRATABOUND ANNOUNCES CEO RETIREMENT & APPOINTS INTERIM CEO TO LEAD STRATEGIC RESTRUCTURING AND GROWTH PROCESS IN 2024

Stratabound Minerals Corp.'s board of directors has accepted Kim Tyler's resignation as president, chief executive officer and a director of the board.

Wendy T. Chan, who was appointed to Stratabound's board of directors in September, 2023, will assume the role of interim chief executive officer. Ms. Chan brings considerable global corporate development and strategy experience, which she will apply in spearheading a strategic plan to reallocate, showcase and maximize unlocked value in the company's five assets. She is a seasoned business manager, with operations experience in private and public companies. Additionally, she brings with her in-depth capital market expertise, having worked with key mining public companies for over a decade.

During his tenure as president and chief executive officer, Mr. Tyler steered the company toward the highly prospective exploration assets in Yukon and Atlantic Canada and subsequently led the acquisition of a multimillion-gold-ounce brownfield development gold asset in the United States.

Hashim Ahmed, chairman of Stratabound's board of directors, commented: "On behalf of the company, our board of directors, and our team, I would like to sincerely express our gratitude for Kim's guidance since 2017. The management of Stratabound, including Kim, was instrumental in leading the financing and technical fronts and guiding our California gold project through preliminary economic assessment as well as negotiating and assembling a strong land package in some of the most sought-after areas in gold exploration such as the Yukon Tombstone gold belt and New Brunswick."

"On behalf of the management team, I would like to extend our gratitude and best wishes to Kim," commented Gary Nassif, senior vice-president of Stratabound. "Kim has been a tireless advocate for the development of Canada's resource sector. Stratabound's acquisition of choice assets are a credit to his vision and leadership, and we are now poised for growth and ready to focus on executing our new strategic plan in 2024. I look forward to working with Wendy as we unlock the value in each of our assets."

Ms. Chan has over 20 years of experience in developing and executing strategic plans for major companies with global outreach, with a focus on mergers and acquisitions, joint ventures, and cross-cultural strategic alliances. In the mining space, companies she has worked with include Skeena Resources, Roxgold, Silver X, Sunridge, Novo Resources, Cordova, Vendetta and VR Resources. She has profitably managed businesses with full P&L (profit and loss) responsibilities and/or completed key projects ranging from $2-million to $250-million. She has devised strategic plans at Fortune 500 companies such as Johnson & Johnson and GSK-Glaxo-SmithKline and has led negotiations and cross-functional teams in corporate development, marketing, strategic alliances and product portfolio management. During her time at Moxie Strategy Inc., a management consulting firm that specializes in strategy, business development, and mergers and acquisitions, she has led and completed key development projects in Asia, Australia, Africa, North and South America. Ms. Chan holds a BSc from the University of British Columbia, an MBA in finance and marketing from McGill University, and ICDD from Rotman, University of Toronto. She is fluent in Mandarin and Cantonese.

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 in 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 as well as Snowline Gold's Valley target on its Rogue property in the Selwyn basin.

Its McIntyre Brook project in 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 gold 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 of gold have 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), an 11-year LOM (life of mine), averaging 118,000 ounces per annum at $1,750 (U.S.) per ounce gold. The project hosts a National Instrument 43-101 resource of 1.16 million ounces at 1.90 grams per tonne gold within 19 million tonnes indicated and 2.02 million ounces at 2.22 grams per tonne gold within 28.3 million tonnes inferred. The MRE evaluates only 1.4 kilometres of the four-kilometre strike length of the Fremont property, which 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 airports 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 in Ontario.

Qualified person

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, director, BSc (honours) (economic geology; UCT), FAusIMM, who is a qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.

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