SOURCE: Enterayon, Inc.

November 10, 2006 08:22 ET

Horseshoe Report Confirms Gold-Silver Potential

SKIPPACK, PA -- (MARKET WIRE) -- November 10, 2006 -- Enterayon, Inc. (PINKSHEETS: ETYN) announced today that it has released the 2006 Phase I Assessment Report on the company's Horseshoe Property in northwest British Columbia.

The following excerpts are the highlights of the 72 page report:, which was authored by Mr. Warner Gruenwald, chief geologist and principal of Geoquest Consulting Ltd, who serves as the Horseshoe Property's Qualified Person (QP) as defined by National Instrument 43-101.


In 2006 surface sampling of the High Grade Vein returned precious metal values ranging up to 82.12 g/t gold and 243.5 g/t silver while underground assays range up to 177.7 g/t gold in the "Middle Adit."

Prospecting successfully identified significant precious metal mineralization in several areas including:

1. Easterly of the High-Grade Zone with rock samples containing up to 1.59 g/t gold and 176.1 g/t silver. These may represent a faulted continuation of the High-Grade Vein.

2. Seven hundred metres north of the Lower Adit where sample SS06-030 comprised of quartz veined rusty sediments contains 5.18 g/t gold. This may represent a northerly extension of the High-Grade Vein.

3. Prospecting around the Prince George showing discovered pyritic quartz float containing up to 5.45 g/t gold which is the highest grade prospecting sample outside of the High-Grade Zone. These samples are uphill and "up-ice" of the Prince George and suggest the presence of as yet undiscovered mineralized vein(s).


The 2006 program confirmed the exploration potential for precious metal mineralization on the Horseshoe property. Detailed surface sampling corroborated the presence of high gold and silver grades at the High Grade showing. Prospecting was successful in locating mineralization that may indicate:

1. Northerly and southeasterly extensions of the High Grade Zone

2. One or more mineralized zones south of the Prince George showing. The latter is indicated by pyritic vein float grading up to 5.45 g/t Au and that is uphill and up ice of the Prince George showing.

The drilling program, although limited in scope, was successful in intersecting the High Grade Vein in several holes with DD-06 yielding a 4.17 metre core length intercept grading an average 5.55 g/t gold. Drilling tested a 35 metre strike length of the vein representing less than 10% of the vein's reported strike length. The High-Grade Vein is open along strike and is virtually untested down dip or to depth.


Based on the encouraging results from the 2006 exploration program further work is recommended as follows:

1. A high resolution and detailed airborne geophysical survey is strongly recommended in order to delineate the known mineral showings as well as detect hidden mineral deposits. This will aid greatly in defining future drill targets. If possible this survey should be carried out prior to commencing the 2007 field season.

2. Continue prospecting to further trace mineralized float discovered south of the Prince George showing.

3. An aggressive program of diamond drilling to test the along strike and deeper extensions of the High Grade showing the Prince George showing and surrounding area as well as geophysical targets identified from the airborne survey. In order to test these targets a drill capable of drilling 500 metres of NQ or BQ core is recommended. A Phase II exploration program is recommended for 2007, at an estimated cost of $1 million.

A copy of the Horseshoe Property 2006 Phase I Assessment Report is now available to shareholders at the Horseshoe Property page on the company's website at

About Enterayon, Inc.

Enterayon, Inc.engages in the exploration, acquisition, development, and mining of precious metal and other mineral 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 to their full economic potential. Enterayon's wholly owned subsidiary, North Bay Resources, Inc., is a pure gold company whose mission is to generate 100% of its revenue from sales of gold.

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.

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