Stratabound Minerals Corp. announced the release of its updated NI 43-101 Mineral Resource Estimate (the "updated MRE") for its wholly owned Fremont Gold Project in California's Mother Lode Gold Belt resulting in increases in both Indicated and Inferred 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 open pit 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 open pit plus the Pine Tree/Josephine underground 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 historical gold price of USD 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 advancement of the Fremont Gold Project includes ongoing technical studies and economic analyses for a Preliminary Economic Assessment ("PEA"), mine permitting, and engagement with the community and all stakeholders. The PEA will provide an evaluation of preliminary Project components and alternatives, including an economic analysis of the potential viability of the updated Mineral Resource Estimate.

The ongoing studies that lead to Stratabound's PEA will evaluate various mining scenarios that will consider the environmental and socioeconomic impact of the Project for all stakeholders. The PEA will allow Stratabound to explore and reveal the potential of this Project. The Company continues to work with its environmental consultants to develop a plan for permitting the Project.

The Company reports that its baseline environmental program is progressing including biological studies, surface water and monitoring groundwater wells for routine sampling. Other planned evaluations for the permitting strategy will necessarily consider mine design, processing, and reclamation plan development.