SOURCE: Enterayon, Inc.

October 12, 2006 07:30 ET

Enterayon Accumulates Additional Platinum Properties in British Columbia

SKIPPACK, PA -- (MARKET WIRE) -- October 12, 2006 -- Enterayon, Inc. (PINKSHEETS: ETYN) is pleased to announce the acquisition of a 100% undivided interest in several platinum properties in British Columbia, Canada.

Most of the properties are located along the Tulameen River, in the Cascade Mountains of southwestern British Columbia, approximately 150 km northeast of Vancouver. During the late 1800s, the Tulameen District was the most important producer of platinum in North America. Platinum was recovered with the placer gold from the Tulameen River and her tributaries, including Granite, Cedar, Slate, Britton and Lawless Creeks. The platinum occurred as a fine, hard, silver-white lustrous metal with a high specific gravity in the sluice boxes and gold pans, along with the gold and heavy concentrations of black sands (magnetite and chromitite). In some areas there was more platinum than gold in the concentrates, and platinum nuggets up to 0.5 ounces were reportedly found.

South of the Tulameen River, above Newton Creek and approximately 21 km west-southwest of Princeton BC, the company has staked and acquired 7 claim units covering over 1554 hectares (3,840 acres) in 3 non-contiguous parcels. These claims, now known as the Lodestone Platinum property, cover much of the southern and eastern portion of a previously owned property called the Tulameen Platinum Project. BC Assessment Report 27009 details extensive analysis of the Tulameen Platinum Project in 2001, and records significant platinum mineralization in several locations. In one area above the north bank of the Tulameen River known as Grasshopper Mountain, five zones of narrow discontinuous mineralization were sampled which returned values up to 15 grams per tonne platinum across a 1.8 meter channel sample width. Three more areas contained discontinuous bands of chromitite segregations with high platinum values over significant widths. A channel sample returned an assay of 7.78 g/t platinum over 3.5 meters including 10.17 grams per tonne platinum across 2.0 meters in chromitiferous dunite. Assay results for chromium were very high, ranging from 8.67% to 24.97% chromium. The best sample in one zone ran 15 g/t platinum, 5.55% chromium and .03 g/t palladium, while another returned significant platinum values of up to 30.89 grams per tonne over 3.05 meters. In addition, sampling of two historic quarries obtained values ranging from 8 to 64 grams (2.06 ounces) per tonne platinum. Three gold anomalies were also identified on the eastern half of the property, with gold values in soils ranging up to 1.24 g/t.

North of the Tulameen River and approximately 23 km due east of Grasshopper Mountain, the company has also acquired the Tor claims, which consist of 3 claim units covering 483 hectares (1,194 acres). As reported in a 1991 survey documented in BC MINFILE Number 092HNE170, drilling at Tor resulted in a core sample that assayed 16.5 grams per tonne gold and 11.0 grams per tonne platinum over 6.1 metres. A second section of core yielded 16.7 grams per tonne gold, 2.93 grams per tonne platinum, 2.50 grams per tonne palladium and 1.75 grams per tonne rhodium over 12.2 metres.

The company has also staked claims to the Rainbow Creek placer property, which is located approximately 60 kilometres south of the town of Mackenzie in the Omineca mining district. This property consists of 2 claim units covering 74 hectares (182 acres), and reportedly contains gold, platinum, and iridium. While no assays have been recorded to date, research shows that a 1986 study (Open File 1986-7, "Occurrence and Distribution of Platinum-Group Elements In British Columbia" compiled by V.J. Rublee for the BC Ministry of Energy and Mines, p. 70) reports that in 1931 the economic value of the platinum and iridium at Rainbow Creek was $96 per tonne, and that the ratio of platinum to gold averaged 1:2. It should be noted that in 1931, the average market price of platinum and iridium was $32 and $114 per ounce, respectively.

Approximately 100 km northwest of the Lodestone Platinum property, the company has also staked a placer claim along the Fraser River. Located 3 km northwest of Lytton in an area known as the Van Winkle Bar, the property consists of 5 claim units covering 475 hectares (1,176 acres) on both sides of the Van Winkle Bar, and traversing 8.6 km along the Fraser River. Platinum and iridium are known to occur in the black sands of Van Winkle Bar. The source rocks are believed to be Carboniferous-Jurassic Cache Creek Complex volcanic and sedimentary rocks to the north, where the company has also staked claims. According to BC Open File 1986-7, the sands of the Van Winkle Bar have assayed up to 5681.1 grams (182.67 ounces) per tonne platinum.

All of the aforementioned properties were located, staked, and acquired independently by company personnel and affiliates utilizing satellite imagery, GIS, and MTO technology. The combined cost of acquisition, consisting solely of British Columbia claim registration and transfer fees, was a total of $1,811.16.

About Enterayon, Inc.

Enterayon, Inc. engages in the exploration, acquisition, development, and mining of precious metal and other mineral properties. By combining state-of-the-art technology with traditional acquisition targeting, the company's mission is to build a portfolio of viable mining prospects throughout the world and developing them to their full economic potential. Enterayon's wholly owned subsidiary, North Bay Resources, Inc., is a pure gold company whose mission is to generate 100% of its revenue from sales of gold.

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Enterayon, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Enterayon, Inc. or any other person that the objective and plans of Enterayon, Inc. will be achieved.

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