🕐29.10.08 - 17:48 Uhr

Stratabound reports Captain mineral resource estimate



N E W S R E L E A S E
SB: TSX Venture Exchange Issued: 37,124,702 shares
Stratabound Reports Captain Property Copper-Cobalt Resource Estimate
Calgary, October 29, 2008 - Stratabound Minerals Corp.

(TSX.V:SB) is pleased to report
the results of an initial mineral resource estimate on the company"s 100%-owned Captain coppercobalt
deposit located in the Bathurst Mining Camp of northeastern New Brunswick.

The estimate
was prepared by Mercator Geological Services Limited, an independent geological consulting firm
based in Dartmouth, Nova Scotia.
The Captain resource estimate reflects mineralization defined by results of 25 diamond drill holes
completed by Stratabound during a 2007-08 core drilling program to a vertical depth of
approximately 300 metres.
The Captain deposit remains open down dip, and drilling to date has outlined a maximum
mineralized strike length of about 150 metres at a depth of approximately 80 metres below
surface.

Opportunity exists to expand the resource by drilling down dip, as well as to expand the
deposit"s strike length through additional drilling at depth to both the north and south.
Part of the deposit is considered by Stratabound to have open pit development potential, and
resources at the 0.60% copper equivalent* cut-off were estimated to allow future assessment of
such potential.

The higher cut-off grade of 1.4% was selected to allow future assessment of
resources with potential for underground development.

Results of the resource estimate are
presented in the table below, along with a summary of estimated in-situ metal content at the
various resource cut-off grades.

Since no metal recovery factors have been applied to the figures,
they should not be interpreted as estimates of recoverable metal.
Captain Cu-Co Deposit Mineral Resource Estimate, Effective October 28th, 2008**
Cut-off
Cu
Eq.*
Resource
Category
Rounded
Tonnes
Cu
%
Co
%
Au
g/t
Contained
Cu kg
(Cu lb)
Contained
Co kg
(Co lb)
Contained
Au g
(Au oz)
0.60%
Measured 53,000 1.14 0.061 0.21
604,200
(1,332,019)
32,330
(71,275)
11,130
(358)
Indicated 808,000 1.10 0.051 0.22
8,888,000
(19,594,485)
412,080
(908,472)
177,760
(5,715)
Measured
+
Indicated 861,000 1.10 0.052 0.22
9,471,000
(20,879,767)
447,720
(987,044)
189,420
(6,090)
Inferred 681,000 0.60 0.039 0.12
4,086,000
(9,007,996)
265,590
(585,520)
81,720
(2,627)
1.00%
Measured 38,000 1.50 0.061 0.26
570,000
(1,256,622)
23,180
(51,103)
9,880
(318)
Indicated 543,000 1.51 0.049 0.28
8,199,300
(18,076,177)
266,070
(586,578)
152,040
(4,888)
Measured
+
Indicated 581,000 1.51 0.050
0.28
8,773,100
(19,341,176)
290,500
(640,436)
162,680
(5,230)
Inferred 192,000 1.14 0.040 0.21
2,188,800
(4,825,428)
76,800
(169,313)
40,320
(1,296)
- 2 -
Cut-off
Cu Eq.*
Resource
Category
Rounded
Tonnes
Cu
%
Co
%
Au
g/t
Contained Cu
kg
(Cu lb)
Contained
Co kg
(Co lb)
Contained
Au g
(Au oz)
1.40%
Measured 25,000 1.99 0.060 0.31
497,500
(1,096,789)
15,000
(33,069)
7,750
(249)
Indicated 397,000 1.81 0.047 0.33
7,185,700
(15,841,594)
186,590
(411,356)
131,010
(4,212)
Measured
+
Indicated 422,000 1.82 0.048 0.33
7,680,400
(16,932,210)
202,560
(446,564)
139,260
(4,477)
Inferred 94,000 1.57 0.034 0.29
1,475,800
(3,253,549)
31,960
(70,459)
27,260
(876)
* Copper Equivalent % = Cu % + (Co % X 9.25).

The 9.25 factor represents the relative price of Co
compared to Cu based on 3 year average metal pricing with no metal recovery factors applied.
**The resource estimate is considered compliant with both Canadian Institute of Mining, Metallurgy and
Petroleum Standards on Mineral Resources and Reserves Definitions and Guidelines (the CIMM Standards)
and reporting requirements of National Instrument 43-101.
The deposit is interpreted as a deformed volcanogenic massive sulphide stockwork zone hosted
by deformed, Ordovician age strata that strike northwest and dip steeply to the southwest in the
deposit area.
Two generally tabular bodies of higher grade copper mineralization form the core of the deposit
and are in part coincident with two larger, sub-parallel zones of lower grade cobalt mineralization.
Gold is present at low levels throughout the deposit, with higher grades tending to occur in areas
of higher copper grades.
Resource Estimate Methodology
The resource estimate is based on a three dimensional block model of the deposit developed by
Mercator using Surpac© Version 6.1 deposit modeling software.

Validated results for 25 diamond
drill holes by Stratabound were used in the model and four higher grade mineralized zones were
modeled separately, with grade interpolation in all cases being constrained within three
dimensional solids reflecting cutoff parameters of 0.60% Cu or 0.05% Co over 4 metre down hole
sample composite lengths.

A peripheral deposit constraint reflecting a 0.60 % Cu Equivalent
envelope was used to limit interpolation of Cu and Co grades outside the higher grade solids.

Au
values were interpolated in conjunction with Cu values.

Inverse Distance Squared (ID2)
interpolation was used with a block size of 2.0 meters x 2.0 meters x 2.0 meters and 1.0 meter x
1.0 meter x 1.0 meter sub-blocking.

Grade interpolation ellipse ranges were based on variogram
analysis and specific gravity (SG) values were calculated from block grades using the linear
regression formula SG = 2.85 + (0.1263 x Cu Eq %).
Measured category mineral resources are defined by those model blocks within the four higher
grade solids for which the averaged distances to 7 or more required supporting composites from
three separate drill holes was 31.25 metres or less, with distance to the nearest supporting
composite being 12.5 metres or less.

Indicated category mineral resources are defined by those
model blocks within the higher grade solids for which the averaged distances to 7 or more
required supporting composites from three separate drill holes was 62.5 metres or less, with
distance to the nearest supporting composite being 41.7 metres or less.

Inferred category
mineral resources include all other blocks within the peripheral constraint having interpolated
metal grades.
The drilling program carried out by Stratabound in 2007-2008 included Quality Control and
Quality Assurance protocols that incorporated systematic insertion of independent analytical
standards and blanks plus duplicate sample analyses and independent check sample analyses.
- 3 -
Michael P.

Cullen, M.Sc., P.

Geo., Senior Geologist at Mercator Geological Services Limited, is the
Qualified Person as defined under NI 43-101 who supervised and is responsible for the Captain
deposit resource estimation program and, in conjunction with estimate co-author Mr.

Matthew
Harrington, B.Sc (Hons.), Project Geologist, has reviewed and approved the related technical
information presented in this news release.
For further information: Stan Stricker, P.

Geol, President
403-258-3630
, www.stratabound.com
The TSX Venture Exchange has not reviewed and does not accept 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 is under no obligation to update or alter any forward looking
statement.

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.




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