Stratabound Minerals Corp. (TSXV:SB) (“Stratabound”) and California Gold Mining Inc. (CSE:CGM) (“California Gold”) are pleased to announce that the companies have entered into a definitive arrangement agreement (the “Arrangement Agreement”), pursuant to which Stratabound has agreed to acquire all of the issued and outstanding shares of California Gold by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”).