SOURCE: North Bay Resources Inc.

November 19, 2008 08:15 ET

North Bay Receives 15c2-11 Clearance; Announces Plans to Uplist

SKIPPACK, PA--(Marketwire - November 19, 2008) - In an effort to enhance shareholder value and provide full transparency in conformity with recent trends, North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") announced today that it is proceeding with its recently announced plans to become a fully reporting company and to move the Company's stock to the OTC Bulletin Board.

As a first step in this process, the Company is pleased to announce that its designated market maker, Glendale Securities Inc., has received clearance from the Financial Industry Regulatory Authority ("FINRA") on the Company's recently filed 15c2-11.

To further the process, the Company intends to engage an accounting firm to conduct a full audit of the Company's financials following the conclusion of the Company's fiscal year. Upon completion of the audit, the Company then anticipates further regulatory filings with the SEC to become a fully reporting company and to list on the OTC Bulletin Board exchange ("OTCBB").

According to CEO Perry Leopold, "FINRA clearance of our 15c2-11 is a significant step forward for North Bay, and continues our steady progress in successfully executing on our business plan. By becoming a fully reporting company, we will be able to create additional corporate transparency and understanding for our shareholders. This will also provide a vehicle for our investors to access financial and operational information about the Company on a regular reporting basis."

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 develop them through its subsidiaries and partners to their full economic potential.

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