SOURCE: North Bay Resources Inc.

April 28, 2008 07:30 ET

North Bay Acquires Granite Creek Platinum Property

SKIPPACK, PA--(Marketwire - April 28, 2008) - North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has acquired the Granite Creek Platinum Property near Tulameen, British Columbia.

Located 12 kilometres southeast of the Company's Tulameen Platinum Project, the property covers approximately 1,000 acres and surrounds the confluence of Granite Creek and Newton Creek.

According to BC MINFILE 092HSE230 pertaining to the historic Granite Creek placer mines, "Gold to platinum ratios range from 4:1 to 1:1, and average 2:1 to 3:1 (BC Assessment Report 12230, page 4). The proportion of platinum increases upstream towards Newton Creek. Gold nuggets are coarse and rough, and frequently weighed 160 to 250 grams. Some coarse nuggets found in the lower part of the creek contained a large amount of white quartz.. Platinum occurs in smaller, silver-coloured nodules, generally not exceeding 16 grams in size. A sample of platinum concentrate, with grains of foreign matter removed, analyzed as follows (in per cent) (Geological Survey of Canada Memoir 26, page 137)":

Platinum    72.07%
Palladium    0.19%
Rhodium      2.57%
Iridium      1.14%
Copper       3.39%
Iron         8.59%
Osmiridium  10.51%
Chromite     1.69%

The Company owns a 100% undivided interest in the property's mineral rights only, and plans to schedule a reconnaissance program in an attempt to locate the underlying source of the historic placer deposits. Of primary interest are quartz veins that are documented to be up to 2.4 metres wide and have been traced on surface over lengths of up to 460 metres near Newton Creek. Narrow quartz stringers in argillite with high-grade gold are also reported in the vicinity (Source: BC MINFILE 092HSE076).

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.


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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