SOURCE: North Bay Resources Inc.

April 21, 2008 07:30 ET

North Bay Acquires Coronation Gold-Silver Property

SKIPPACK, PA--(Marketwire - April 21, 2008) - North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has acquired the Coronation Property near Memphis Creek, 6 kilometres northeast of Slocan in southeastern British Columbia.

The property covers 103 acres over several reverted crown grants and includes three past-producing mines; the Colorado, the V&M, and the Senator mines, in addition to the Coronation. Primary mineralization is gold, silver, zinc, and lead. The highest combined historical (post-production) assays are 16.8 g/t gold, 6000 g/t silver, 10.9% zinc, and 1.2% lead.

According to BC Assessment Report 18603, the Coronation was reported to have past-production of as much as 13,000 grams per tonne silver and 20% lead. A more recent sample of tetrahedrite-bearing ore from the portal assayed 2.1 grams per tonne gold and 6000 grams per tonne silver, and a sample from the Coronation dump assayed 0.4 gram per tonne gold, 2414 grams per tonne silver, 1.2 per cent lead and 10.9 per cent zinc. The same report documents samples from the Senator adit that assayed 6.1 grams per tonne gold and 1080 grams per tonne silver over 0.3 metres on a quartz-pyrite vein, and 16.8 grams per tonne gold and 549 grams per tonne silver over 0.5 metres on a quartz-pyrite vein from the V&M mine adit.

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.

Contact Information