N E W S R E L E A S E
SB: TSX Venture Exchange
SBMLF: OTC Bulletin Board
SEC 12(g)3 Exemption No. 82-3284
Calgary, April 19,
2007
Stratabound Private Placement
Stratabound Minerals Corp. wishes
to inform shareholders and other interested parties that the non-brokered
private placement announced in its news release dated April 11, 2007 is
oversubscribed. Subject to regulatory approval, subscriptions have been
accepted for 1,648,000 flow-through shares at $0.35 per share, for proceeds of
$576,800. The shares will be subject to a four-month hold period.
Insider participation amounts to 900,000 shares or 54.6%
of the total. The total number of shares post financing will be 29,282,809.
The Company intends to use the proceeds on an independent
detailed review and Technical Report on the Elmtree Gold Property in northern New
Brunswick, and initial drilling on the Big Presque Isle gold prospect (western
New Brunswick) and the Melchett Lake base and precious metals prospect
(Ontario).
Stratabound is a Canadian junior mining and exploration
company currently active in New Brunswick, Quebec and Ontario.
For further information contact: Stan
Stricker, P. Geol, President
403-258-3630
info@stratabound.com
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.