Toronto - Stratabound Minerals Corp. (TSXV: SB) (OTC Pink: SBMIF) ('Stratabound' or the 'Company') announced today it has concluded an arms-length option agreement (the 'Tardiff Brook Option') to acquire an additional 7 claims covering an area of 26.75 km2 of prospective ground adjacent to its already optioned McIntyre Brook Iron Oxide-Copper-Gold, (IOCG), project ('the 'Project') in northern New Brunswick.
The Company also announced it has amended the terms of its existing McIntyre Brook option agreement to include an additional adjacent claim totaling 4.5 km2 bringing the total package to 59.5 km2, an overall increase of 110.6%. The total acquisition package will extend the width component from an average 1.5 km to approximately 7 km along the 12 km of favourable strike of the original claim group. The new ground acquired features grab samples of quartz veins in bedrock grading 2.4, 2.5 and 7.9 g/t Au taken by the owner in 2019, plus mineralized float of 16 g/t Au located approximately 3.5 km south-east of the McIntyre Brook Main Showing.
Puma Exploration Inc. have recently announced high-grade gold values from 7 selective rock samples between 109.5 g/t to 2.94 g/t gold taken from outcrop located approximately 2.5km west of Stratabound's newly enlarged McIntyre Brook Property, (Puma Exploration Inc. September 1, 2020 press release).
Tardiff Brook Option Agreement
Stratabound has signed a definitive option agreement which sets out the terms under which Stratabound has the option to earn 100% interest in 7 claims comprising 2,675 hectares (26.75 km2) located north and south of the Company's existing optioned claims through cash payments and share issuances. Stratabound will issue 200,000 common shares to the owners, subject to TSXV approval. Payments on the first, second, third and fourth anniversaries of signing of $15,000, $15,000, $30,000 and $40,000 respectively, are required to maintain the option, which may be paid, at Stratabound's election, up to 50% in shares. Upon completion of the fourth anniversary payment Stratabound will have earned 100% ownership in the claims. Stratabound has the option to accelerate the payments to exercise the Option sooner if it so desires. Stratabound has also agreed to pay the owner a 2% net smelter return royalty on production from the claims of which may be bought back in increments of $1M for each 1% of the NSR.
McIntyre Brook Option Agreement Amendment
The Company and the arms-length optionor have completed an amendment to include an additional claim adjacent to the main McIntyre Brook claim group that was originally subject to acquisition by a right of first refusal.
McIntyre Brook 2020 Exploration Program Update
Mr. R. Kim Tyler, President and CEO of the Company, stated, 'We believe we are in yet another newly developing gold camp in northern New Brunswick that is validated, further to our own results, by the successes that our neighbours Puma Exploration have recently reported. Stratabound seeks to acquire and develop new, fast-breaking opportunities in safe, mineral development-savvy jurisdictions such as that provided in the Yukon Territory and New Brunswick where our flagship Golden Culvert and McIntyre Brook Projects are respectively located.'
About Stratabound Minerals Corp.
Stratabound Minerals Corp. is a Canadian exploration and development company focused on gold exploration at its flagship Golden Culvert Project, Yukon Territory and its McIntyre Brook Project, New Brunswick, Canada. The Company also holds a significant land position that hosts three base metals deposits in the Bathurst base metals camp of New Brunswick featuring the Captain Copper-Cobalt-Gold Deposit that hosts an NI 43-101 Measured and Indicated Resource.
Contact:
R. Kim Tyler
Tel: 416-915-4157
Email: info@stratabound.com
LODE GOLD RESOURCES INC. 
