Stratabound Minerals Corp. announced the filing of a National Instrument 43-101 Technical Report ("Technical Report") relating to its 100% owned Fremont Gold Project (the "Project"). The Technical Report, titled "Preliminary Economic Assessment of the Fremont Gold Project, Mariposa County, Central California, USA", (the "PEA") and dated March 31, 2023 (effective date of February 15, 2023) is available on SEDAR (www.sedar.com) under the Company's profile and on its website at www.stratabound.com.

The PEA is preliminary in nature, includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There are no Mineral Reserves contained in the PEA.

P&E Mining Consultants Inc. ("P&E") were retained as an independent consultant and Qualified Persons in March 2022 to undertake and author a Mineral Resource Estimate ("MRE") and PEA on the Fremont Gold Project in accordance with National Instrument 43-101 ("NI 43-101"). Kappes, Cassiday & Associates ("KCA") of Nevada were also engaged for the design and capital and operating costs for the process plant, heap leach facility and project infrastructure. Project Description and Location: The Fremont Gold Project is 100% owned by Fremont Gold LLC, a wholly owned subsidiary of Stratabound Minerals Corp., and is located in Mariposa County, California approximately 241 km east of San Francisco in the southernmost portion of the prolific California Mother Lode Gold Belt.

The Project lies within the Company's wholly owned 3,351-acre (13.56 km2) Fremont Property (the "Property"). The Property includes 100% of the mineral, surface and groundwater rights, and features four gold mineralized zones and three former producing gold mines along 4km of the Mother Lode Gold Belt. The PEA considers two of these zones, the Pine Tree/Josephine Deposit and the Queen Specimen Deposit, along 1.4 km of the 4 km total strike length.

California State Highway 49 transects the Property from north to south and a 70 kV power transmission line traverses the Property. Next Steps: The results of the PEA indicate that the proposed Fremont Gold Project has technical and financial merit using the base case assumptions. It has also identified additional upside opportunities for oxide expansion and further Project optimization.

The Company expects to move forward with enhancing the Project through exploration and further drilling. The Company will also continue to generate additional drilling targets. The Company expects to continue baseline environmental work and commence permitting activities which will include technical studies and surveys for the Project.

The results of the studies, surveys and the engineering work completed for the PEA will be used to complete the permitting applications The public release of this PEA will greatly assist the Company in advancing its program of public and stakeholder engagement.