Mr. Hashim Ahmed reports

STRATABOUND MINERALS ANNOUNCES NON-BROKERED $1.5 MILLION FINANCING

Stratabound Minerals Corp. has arranged a non-brokered financing for $1.5-million by issuing 60 million units at 2.5 cents per unit.

Each 2.5-cent unit shall consist of one common share and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share at an exercise price of five cents per common share for a period of two years following the date of closing. The company may accelerate the expiry date if the shares trade at 30 cents or more for a period of 10 days, including days where no trading occurs. The closing of the offering is expected to occur one business day following receipt of all required regulatory approvals. The offering may be closed in one or more tranches. The total number of units issued in connection with the offering may be changed at the company's sole discretion.

The exchange rules require all warrants to be issued at five cents or higher. In the context of the current market for the company's securities, the company would have liked to offer a warrant at 3.5 cents. The warrants offered herein will contain price adjustment provisions to adjust pricing to 3.5 cents if circumstances change, so as to allow that.

The company will pay finder's fees to eligible arm's-length persons with respect to subscriptions accepted by the company.

Hashim Ahmed, chairman of Stratabound, commented: "We are pleased to announce a financing round supported with lead orders from our current major shareholders and new strategic investors. In this market, it is important to have sponsors and we currently have two; we are seeking a third. We have a portfolio of high-potential assets with concrete restructuring and growth plans in the works. There are key initiatives and catalysts planned for 2024. With historic high gold prices and a newly strengthened management team -- addition of Wendy T. Chan (who has successfully completed many strategic reorganization, marketing and corporate development initiatives at mining companies) as interim CEO [chief executive officer], Buddy Dole (who has a proven track record in exploration and discoveries) as VP [vice-president], exploration, and Marty Stratte (who previously was on the team that permitted Equinox Gold's Castle Mountain in California) as a recently appointed director -- we now have the leadership and execution team to successfully take the company to the new levels."

The proceeds raised from the offering will go toward high-resolution magnetics and drill targeting at the company's McIntyre Brook property (New Brunswick), data review and targeting to leverage a new RIRGS (reduced intrusion-related gold systems) exploration model at Golden Culvert and Win projects (Southern Tombstone gold belt, Yukon), and drill-target generation testing a large, high-grade conceptual model at the company's Fremont gold project (Mother Lode gold belt, California).

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 statement

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, and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.