Mr. Chad Tappendorf reports

STRATABOUND WELCOMES KEY SHAREHOLDER AND FURTHER IMPROVES BALANCE SHEET

Stratabound Minerals Corp.'s board of directors and the TSX Venture Exchange have approved the settlement of $1,426,593.05 of debt with R.W. Tomlinson Ltd. through the issuance of common shares of the company. 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.

Chief executive officer of The Tomlinson Group Ron Tomlinson comments: "Having worked for decades in infrastructure and resource sectors -- we see the opportunity in small cap mining where hundreds of millions of assets are locked in the ground, waiting for the right management to unlock it. We are confident in the long-term value of the company's assets and affirm our conviction of Stratabound by converting our debt to shares pro rata to significantly improve its balance sheet to prepare it for the next phase of development and growth."

Managing director of Coast Capital LLC and Stratabound director Chad Tappendorf states: "I would like to welcome The Tomlinson Group as the second-largest shareholder of the company. Together, we have full confidence and support in the company's advanced asset in California and several choice exploration projects in key jurisdictions in Canada. At Coast Capital, we pride ourselves as investors/financiers of undervalued turnaround situations where we can discover diamonds in the rough. Having accomplished that with TMAC, Jaguar Mining, Rubicon and several others resulting in hundreds of millions in accretive value, we are confident in the future of Stratabound."

Chairman of Stratabound Hashim Ahmed was the instrumental chief financial officer at Jaguar Mining's turnaround and restart of its gold mine in Brazil and he recently led Nova Royalty to a $140-million combination with Metalla Royalty. He states: "After spending time and capital to advance the California project to PEA and shoring up greenfield projects in Yukon and New Brunswick, we are glad to receive continued long-term commitment from our two largest shareholders in an effort to clean up the company's balance sheet and set it up for a fresh start in 2024. In a market where gold has recently achieved historical highs, the timing has been impeccable, and we look forward to executing our new strategic vision with both investors."

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.

We seek Safe Harbor.