Stratabound Minerals Corp. announced that Indicated Mineral Resource increased by 121% to 1,163,000 oz Au (19,011 kt at 1.90 g/t Au), Inferred Mineral Resource increased by 348% to 2,024,000 oz Au (28,323 kt at 2.22 g/t Au), Pit Component (pit-constrained) consists of 1.15 M oz Au Indicated (18,891 kt at 1.90 g/tAu) and 1.49 M oz Au Inferred (22,507 kt at 2.06 g/t Au) Mineral Resource classifications Out-of-Pit Component (underground) consists of 9 k oz Au Indicated (121 kt at 2.21 g/t Au) and 536 k oz Au Inferred (5,816 kt at 2.87 g/t Au) Mineral Resource classifications. The updated MRE replaces the Company's previous Mineral Resource Estimate dated Sept.

30, 2021 (the "previous estimate") which extended along 960 metres of strike, 350 metres below surface and included only the Pine Tree/Josephine pit-constrained component. The updated MRE now extends along 1,400 metres of combined strike length and up to 600 metres below surface as it additionally includes the satellite Queen Specimen pit-constrained plus the Pine Tree/Josephine out-of-pit components. Historical mining commencing in 1849 subsequent to the California Gold Rush at the Pine Tree/Josephine underground mines extended across 800 metres of strike, 600 metres vertical depth and produced 126 k oz of gold in 540 k tons, (8.0 g/t gold) at the istorical gold price of US$35 per ounce before closing in 1944.

The updated MRE is based on 33,982 metres of drilling, 518 metres of trench sampling, and 5,760 metres of underground channel sampling. The updated Fremont Gold Project Mineral Resource Estimate was prepared by P&E with an effective date of June 30, 2022 in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards on Mineral Resources and Reserves (2014) and Best Practices Guidelines (2019). Pit-constrained Mineral Resources are reported using a cut-off grade of 0.25 g/t Au for oxide material, and 0.45 g/t Au for sulphide material.

Out-of-Pit (underground) Mineral Resources are reported using a cut-off grade of 1.45 g/t Au. Out-of-pit Mineral Resources have been constrained within potentially mineable long hole shapes based on block grade and continuity. Historical mining has been depleted from the updated Mineral Resource Estimate by assigning a zero-volume percentage block inclusion for known areas of mining and development.

All Mineral Resource estimation work reported herein was carried out by Fred Brown, P.Geo., and Eugene Puritch, P.Eng., FEC, CET both of P&E and Independent Qualified Persons in terms of NI 43- 101.