SOURCE: North Bay Resources Inc.

October 28, 2009 09:09 ET

North Bay Resources Inc. (NBRI) Expands Loughborough Gold Property

SKIPPACK, PA--(Marketwire - October 28, 2009) - North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has expanded the scope of its Loughborough Gold Property in southwestern British Columbia by staking claims to an additional 2,080 acres due east of the Loughborough Gold Mine.

The Loughborough Gold Property is located on the east side of Loughborough Inlet, approximately 140 miles northwest of Vancouver, BC. According to BC MINFILE 092K 048 and Assessment Report 14908, there are six or more vein systems reported on the property. Past production from the Loughborough vein assayed an average of 0.88 ounces per tonne gold and 3.51 ounces per tonne silver. Subsequent exploration and sampling of the vein assayed up to 0.46 ounces per tonne gold and 2.30 ounces per tonne silver.

The newly acquired ground is approximately 3 miles from the main adit on the Loughborough Gold Property, and completely surrounds the historic Doratha Morton mine 5 miles to the east. Two particular samples taken from the Doratha Morton adit are documented in MINFILE 092K 023 as having assayed 1,560 grams (50.16 ounces) per tonne gold and 11,290 grams (363.02 ounces) per tonne gold, respectively.

The Doratha Morton claims cover 2,080 acres that straddle the sheared contact between diorite to the southwest and metamorphosed rocks to the northeast, and which can be traced for a strike length distance of 6.5 kilometres. Selected grab samples from dumps have been recorded as assaying as high as 146.7 grams (4.71 ounces) per tonne gold and 579.3 grams (18.62 ounces) per tonne silver (New Signet Resources, Statement of Material Facts, 1987). Several samples taken from the former Doratha Morton mine in 1993 yielded anomalous gold (Assessment Report 22515). Sample JLP-92-56 yielded 1,560 grams (50.16 ounces) per tonne gold and 41 grams per tonne silver. Sample JLP-92-64 yielded 11,290 grams (363.02 ounces) per tonne gold, greater than 200 grams per tonne silver, 0.18% copper, 0.82% lead and 0.75% zinc.

The new claims also encompass the Commonwealth-Champion prospect (MINFILE 092K 025) 2 kilometres northwest of the Doratha Morton mine, and the Amethyst showing (MINFILE 092K 021) 2.7 kilometres to the northeast. On the Commonwealth-Champion the shear zone extends approximately 75 metres, and has assayed 10.5 grams per tonne gold over 0.9 metre. As well, dump samples have assayed up to 146.7 grams (4.71 ounces) per tonne gold (Assessment Report 15763). On the Amethyst, assays from a 2 to 5 kilogram chip sample of massive sulphide were greater than 2% copper, 0.13% molybdenum, greater than 50 grams per tonne silver, and 6.2 grams per tonne gold (Assessment Report 9665).

At the present time, the Company considers the new claims to be part of the Loughborough Gold Property, but depending on how JV discussions with a neighboring company progress, the Doratha Morton claims may be spun off as a separate property in the near future, or else folded along with the rest of the Loughborough Gold Property into a larger and more expansive regional play.

About North Bay Resources Inc.

North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 140 mineral and placer claims encompassing approximately 50,000 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.

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.

Contact Information