LOD.V · 2022-02-23 12:00:00

Stratabound Reports 4.0 km Gold-in-Soil Anomaly at Fremont, California

Exploration Programs Sampling & Geoscience Results

Stratabound Reports 4.0 km Gold-in-Soil

Anomaly at Fremont, California

HIGHLIGHTS:

4-km long by 285-m wide, 30-5,210 ppb gold averaging 412 ppb gold-in-soil anomaly

across entire length of Fremont property located in the prolific Mother Lode Gold Belt of

central California

1.14 km

(282 acres) anomaly confirms, connects and overlies the strike continuity of the

Mother Lode structure that hosts four gold-mineralized zones on the Fremont Property,

including;

The current NI 43-101 Mineral Resource Estimate

)

("MRE") of 0.526 Moz at an

average grade of 1.60 g/t Au in the Indicated, plus 0.452 Moz at an average grade of

1.29 g/t Au in the Inferred categories, respectively at Pine Tree-Josephine

The NI 43-101 MRE is defined over only 1-km strike length of the entire new 4-km

anomaly.

Trenching and drilling planned to expand resources beyond current MRE limits.

Figure 1. Fremont Gold-in-Soil Anomalies

To view an enhanced version of Figure 1, please visit:

https://orders.newsfilecorp.com/files/4064/114546_d3579d4fd4fde8ff_002full.jpg

Toronto, Ontario--(Newsfile Corp. - February 23, 2022) - Stratabound Minerals Corp. (TSXV: SB)

(OTCQB: SBMIF)

("Stratabound" or the "Company") is pleased to report a large gold-in-soil anomaly

extending across the entire 4-kilometre property length averaging 285 metres in width at its Fremont

Gold Project located in the prolific Mother Lode Gold Belt of central California.

Offset by an interpreted

fault, the property-wide soil geochemical survey defines nearly continuous gold-in-soil mineralization of

greater than 30 ppb (parts per billion) up to 112,491 ppb gold, (112.5 g/t or 3.281 ounces per ton)

covering an area of 1.14 km

or 282 acres.

Excluding the highest value, the remaining 102 samples

within the anomaly range up to 5,210 ppb and average 412 ppb gold, a multiple of 61.5 times above the

average background value of 6.7 ppb gold outside the anomaly. The excluded high value is located

within 15 metres of the historically mined high-grade Josephine Lode Gold Vein where it outcrops at

surface and may be reflective of mineralization related to it.

Results of the survey are displayed in Figure

1 above.

*(1 ppb=0.001 g/t gold)

The surface gold-in-soil anomaly encompasses, and now links, three historic producing gold deposits,

the Pine Tree, Josephine and Queen Specimen mines plus the two more recently identified and

undeveloped Crown Point and Chicken Gulch gold zones.

Though all zones are hosted within the same

continuous geological domains featuring similar drilled gold mineralization, the individual deposits and

zones previously remained materially unconnected for the lack of

intervening

assay information prior to

this soil geochemical survey.

NI 43-101 Mineral Resource Defined Across Only 1 km at Centre of Anomaly

Most significantly, the 4-km soil anomaly is centred atop the Pine Tree-Josephine ("PTJ") Deposit which

hosts a current NI 43-101 Mineral Resource Estimate

)

("MRE") of 526,000 ounces at an average grade

of 1.60 g/t Au in the Indicated, plus 452,000 ounces at an average grade of 1.29 g/t Au in the Inferred

MRE categories, respectively.

The current MRE covers a strike length of only one km and extends

approximately 300 metres below average surface elevation.

Even so, the historic Pine Tree and

Josephine Mines within the MRE were historically mined beyond that depth to 590 metres below

average surface elevation producing 126,000 ounces of gold at an average grade of 8 g/t gold, (0.266

ounces of gold per ton) between 1849 and 1942 before WWII forced legislated closure of all gold mining

in the United States at a then gold price of US$35 per ounce.

(Technical Report on the Fremont Gold Project, Central California, USA. Report for NI 43-101

Stratabound Minerals Corp. SLR Project No: 233.33360.R0000 September 30, 2021, SLR

Consulting (Canada) Ltd.

Filed on SEDAR.

Mr. R. Kim Tyler, President and CEO of the Company stated, "

We are pleased to report that this

compelling new evidence significantly strengthens the case for resource potential much beyond that

already defined by the current MRE at Fremont.

The soil anomaly clearly highlights this upside

potential beyond and between the limits defined by drilling and historical mining to date.

We look

forward to executing on trenching and drilling plans this year to further prove up that potential on, and

now in between, the other known gold zones flanking the main Pine Tree-Josephine Deposit.

The Company plans to test between and on the other zones to expand the Mineral Resource Estimates

across the remaining 3 km of strike.

Drill highlights for each undeveloped zone are summarized below:

Queen Specimen:

25 reverse circulation ("RC") and diamond drill holes (10,000m) tracing gold mineralization over

750 m of strike and over 240 m deep