SOURCE: North Bay Resources Inc.

December 01, 2008 07:30 ET

North Bay Acquires Argo Gold Property

SKIPPACK, PA--(Marketwire - December 1, 2008) - North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has acquired the Argo Gold Property in southwestern British Columbia, Canada.

The Argo Gold Property is located 10 kilometres west of the south end of Tatlayako Lake, approximately 168 miles northwest of Vancouver. It covers 1,292 acres, and includes ten reverted crown grants. The mineralized area of economic interest covers several square kilometres immediately south of Ottarasko Creek. The strike length is estimated as being at least 3 kilometres long, and is up to 300 metres in width. The target prospects are known as the Langara, the Standard, and the Argo.

On the Langara prospect, government records contained in MINFILE 092N 036 show that the typical average assay of chip samples taken across the widths of veins and adit zones is 6 grams per tonne gold and 70 grams per tonne silver. BC Assessment Report 16959 also documents that one quartz vein grab sample assayed 26.75 grams per tonne gold and 39.5 grams per tonne silver. Another grab sample documented in the same report assayed 2.52 percent copper, 3.13 percent zinc and 0.33 percent lead, although high values of these base metals are reported to be very sporadic.

On the Standard prospect, the mineralization is described in government records as "massive," with assays of up to 19.2 grams per tonne gold and 20.6 grams per tonne silver (MINFILE 092N 037).

Typical samples from the namesake Argo prospect averaged 8 grams per tonne gold, 34 grams per tonne silver, and up to 0.43 percent copper (MINFILE 092N 038; Assessment Reports 16959, 17980).

The Argo Gold Property was located, staked, and acquired independently by company personnel utilizing MTO and GPS technology.

About North Bay Resources Inc.

North Bay Resources Inc. engages in the acquisition, management, and development of precious metal and other mining 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 through its subsidiaries and partners to their full economic potential.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

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 North Bay Resources 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 North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.

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