Large Gold In Soil Anomaly At The Fremont Gold Project

TORONTO - Stratabound Minerals Corp. reported a large gold-in-soil anomaly extending across the entire 4-kilometer property length averaging 285 meters 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 km2 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 meters of the historically mined high-grade Josephine Lode Gold Vein where it outcrops at surface and may be reflective of mineralization related to it.

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 centered atop the Pine Tree-Josephine ("PTJ") Deposit which hosts a current NI 43-101 Mineral Resource Estimate1) ("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 meters below average surface elevation. Even so, the historic Pine Tree and Josephine Mines within the MRE were historically mined beyond that depth to 590 meters 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.

The soil geochemistry survey covered the entire Fremont Property with 1,364 samples including 51 field duplicate samples collected on a 100m-by-100m grid. The soil samples were collected in canvas sacks by qualified independent contract exploration personnel with UTM grid coordinates provided to them. Garmin etrex 20 GPS units were used to locate and record actual sample sites. The survey was conducted between 2016-2017 but results were never previously compiled nor reported.