SOURCE: North Bay Resources Inc.

November 05, 2009 08:31 ET

North Bay Resources Inc. (NBRI) Acquires Truax Gold Property

SKIPPACK, PA--(Marketwire - November 5, 2009) - North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has acquired a 100% undivided interest in the Truax Gold property in the historic Bralorne Mining camp of southwestern British Columbia.

Truax Gold (MINFILE 092JNE060) is a road-accessible property located near Gold Bridge and Bralorne, BC, approximately 150 miles north of Vancouver. It extends over 4,437 contiguous acres from Mt. Truax westward to within 3 miles of the historic Bralorne and Pioneer mines.

According to BC Assessment Report 27094 filed in January 2003, numerous mineral occurrences are documented on the property, with sampling near Mt. Truax yielding assay results averaging 3.5 grams per tonne gold, 1730 grams (55.62 ounces) per tonne silver; 1.41% antimony, and 7.31% lead. The same report also documents that previous exploration is known to have yielded assays as high as 4.46 ounces of gold per tonne.

The Company notes that the nearby Bralorne and Pioneer deposits have collectively produced over 4.1 million ounces of gold, making this the largest gold producing camp in British Columbia. Combined with the Company's recent acquisition of the New Eskay Creek property adjacent to Barrick's famed Eskay Creek Mine, the Company believes it now controls significant holdings in two of the most prolific gold producing areas in Canada.

About North Bay Resources Inc.

North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.


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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