SOURCE: North Bay Resources Inc.

November 12, 2008 09:31 ET

North Bay Resources CEO Discusses Silver Leaf Property Development on CEONEWS.Tv

SKIPPACK, PA--(Marketwire - November 12, 2008) - North Bay Resources Inc. (PINKSHEETS: NBRI) is pleased to announce today that its CEO was featured in an interview on CEONEWS.Tv. Mr. Perry Leopold discussed the recently announced LOI with Hidalgo Mining International, Inc. to develop the Silver Leaf Property. Mr. Leopold also mentioned previous announcements concerning the Company's acquisition of additional land near the Granite Creek Platinum Property, and challenges the Company will face to accomplish its goals in the final two months of 2008 as well as the upcoming New Year.

The Silver Leaf Property is located near Speculator Creek, 8 kilometers east-northeast of Slocan, BC, and consists of 10 claim units covering approximately 2,378 hectares (5,874 acres). It includes the past-producing Silver Leaf, Riverside, Slocan Prince, Hampton, Bondholder, Dumac, Westmont, Neepawa, and Mabou mines. As documented in British Columbia government records known as MINFILE, previous mining operations at the Silver Leaf mine produced an average of 598 grams (19.2 ounces) per ton silver. A more recently discovered vein documented in Assessment Report 23054 reports assays as high as 657 ounces per ton silver.

"I feel strongly that our share price is significantly undervalued and our market cap doesn't come close to recognizing the value of our assets. We are working hard to complete several other JV agreements and announce them before the end of the year. Every JV we bring to contract enables us to continue executing on our business plan," stated Perry Leopold, CEO of North Bay Resources Inc.

To listen to the interview in its entirety, please visit www.ceonews.tv

About CEONEWS.Tv:

CEONEWS.Tv, a member of The OTC Advisory Network, is an online, market news provider that brings investors current news about the market. The companies that are profiled are listed on the Pinksheets, Bulletin Boards, NASDAQ, AMEX, NYSE and TSX.

About North Bay Resource 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.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

Contact Information

  • Contact:

    Big Apple Consulting USA
    Investor Relations
    1-866-THE-APPL(E)
    North Bay Resources Inc.