TMX group

Aug. 25, 2010 (Canada NewsWire Group) --

SB: TSX Venture Exchange                                                                                       Issued: 62,075,111 shares

CALGARY, Aug. 25 /CNW/ - Stratabound Minerals Corp. is pleased to announce that it has commissioned independent resource estimates and a Preliminary Economic Assessment (PEA) of its 100%-owned Captain, CNE and Taylor Brook base and precious metal deposits located in the Bathurst Mining Camp of northern New Brunswick.

Resource estimates for the CNE and Taylor Brook deposits will be carried out by Wardrop, A Tetra Tech Company ("Wardrop").  They will also provide Stratabound with a PEA document, compliant with National Instrument 43-101, to investigate the viability of production from the combined resources of all three deposits. Mercator Geological Services Ltd. of Dartmouth, Nova Scotia will update their October, 2008 Captain Deposit resource estimate to incorporate additional drilling completed since then.

This work is being partly funded by a $100,000 grant awarded to Stratabound for evaluation of the CNE deposit under the Province of New Brunswick's Deposit Evaluation Program.

The resource models for the three deposits will be evaluated by Wardrop's open pit and underground mine engineers in order to develop a preliminary recommendation of the optimal mining method for each resource.  These recommendations will be reviewed with Stratabound's technical team to identify the best approach for open pit, underground or a combination of both for each property in order to maximize the economics of the project.

The PEA will also assess the project economics for combining the Captain, CNE, and Taylor Brook resources into a single mill feed.  This study will incorporate operating and capital costs for mining and milling using Wardrop's current cost database for the Bathurst camp, based on its recent PEA work.

The proposal will evaluate processing the combined mineralization from the three properties at one of three mill options (Caribou, Brunswick No. 12, and a new mill construction).  The base case to be presented in the economic evaluation will be a toll mill option.

Stratabound is hopeful that Wardrop's PEA will result in advancing the properties toward a feasibility study.  The project is located in a favourable mining jurisdiction with well developed infrastructure that would have a positive impact on operating and development costs.

About Stratabound Minerals Corp.

Stratabound is a Canadian natural resource company exploring and developing gold and base metal properties in eastern Canada.  It is currently focused on building a resource base in the infrastructure-rich Bathurst Mining District of northern New Brunswick.  Three world-class base metal mines occur within a 20 kilometre radius of Stratabound's Captain/CNE and Taylor Brook properties, namely Brunswick No. 12, Brunswick No. 6, and Heath Steele.

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.

Certain information regarding the Company contained herein may constitute forward looking statements. Forward looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact.  Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.  These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward looking statements.  The Company does not plan to update or alter any forward looking statement except where required by law.  These risks include operational and geological risks and the ability of the Company to raise necessary funds for exploration.  The Company's forward looking statements are expressly qualified in their entirety by this cautionary statement.

Stan Stricker, P. Geol, President         
403-258-3630

info@stratabound.com

www.stratabound.com