Stratabound Announces Extension of Option Agreement
N E W S R E L E A S E
SB: TSX Venture Exchange Issued: 72,077,611 shares
Stratabound Announces Extension of Option Agreement
Calgary, July 19, 2012 - Stratabound Minerals Corp. (TSX.V:SB) (the “Company”)
announces that Commander Resources Ltd. has agreed to extend the Company’s option period on Commander’s property which adjoins the north boundary of Stratabound’s CNE/Captain claim blocks near Bathurst, New Brunswick (see news release dated July 29, 2010 at www.stratabound.com). The option period has been extended from July 27 to September 30, or if drilling is still in progress on September 30, until completion of the drill program. Stratabound will issue an additional 10,000 shares to Commander as consideration for the extension, subject to regulatory approval.
Grid cutting and magnetic and Max/Min electromagnetic surveys were conducted in June, and a gravity survey will be underway shortly, followed by drilling of selected targets with copper-gold and lead-zinc-silver potential.
About Stratabound Minerals Corp.
Stratabound is a Canadian natural resource company exploring and developing base metal and gold properties in eastern Canada. It is currently focused on bringing the CNE lead-zinc-silver deposit into production in the infrastructure-rich, world-class Bathurst Mining District of northern New Brunswick.
For further information contact: Stan Stricker, P. Geol, President 403-258-3630 [email protected] www.stratabound.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
WARNING: the Company relies upon litigation protection for “forward looking” statements. The information in this release may contain forward-looking information under applicable securities laws. This forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.