SOURCE: Enterayon, Inc.

June 12, 2006 13:33 ET

Enterayon Forms New Subsidiary

SKIPPACK, PA -- (MARKET WIRE) -- June 12, 2006 --Enterayon, Inc. (PINKSHEETS: ETYN) announced today that its Board of Directors has approved the formation of a new wholly owned subsidiary, North Bay Resources, Inc.

North Bay Resources will initially be a pure gold company whose mission is to generate 100% of its revenue from sales of gold. By entering into long-term contracts with mining companies whose operations produce gold as a by-product from production of other metals, such as silver, copper, lead, and zinc, the company intends to arbitrage gold sales without the risk involved in mining operations.

Going forward, the company intends to apply the same business plan to arbitrage forward sales of other minerals, such as silver, platinum, palladium, tungsten, molybdenum, etc.

According to CEO Perry Leopold, "North Bay Resources is an important next-step in Enterayon's evolution as a 21st century natural resources company. By leveraging our assets with our experience in the financial markets, we expect to be able to mitigate risk through access to global supply of natural resources on a forward contract basis with other producers that consider our targets to be operational by-products."

About Enterayon, Inc.

Enterayon, Inc. engages in the exploration, acquisition, development, and mining of precious metal and other mineral properties. The company conducts various phases of mining, including early stage exploration, exploration drilling, development drilling, feasibility studies and permitting, construction, and operation of mining properties.

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.

Contact Information