SOURCE: North Bay Resources Inc.

August 03, 2011 11:54 ET

North Bay Resources Inc. (NBRI) Acquires Two Rare Earth (REE) Properties

SKIPPACK, PA--(Marketwire - Aug 3, 2011) - North Bay Resources Inc. (OTCBB: NBRI) ("North Bay" or the "Company") is pleased to announce that the Company has acquired a 100% undivided interest in two rare earth ("REE") properties in southeastern British Columbia.

The Perry River Carbonatite (BC MINFILE 082M 253) property covers 505 hectares (1,247 acres) and is located approximately 42 kilometres northwest of Revelstoke, BC. The property is known to host niobium, lanthanum, cerium, neodymium, and other REEs. The carbonatite mineralization is documented to trend northwest for 3 kilometres, varies from 20 to 200 metres in width, and averages 10 to 30 percent apatite, which is known to often be associated with REE deposits.

The Cerium Mountain property is located 50 kilometres southwest of Revelstoke, BC, and covers 1,540 hectares (3,804 acres). Recent stream sediment samples as high as 2.5% REEs have been reported on the Cerium Mountain property. The source of the REE-bearing stream sediment samples remains unknown, and will be the focus of additional exploration.

Both properties are situated within an area known as the Rocky Mountain Rare Metal Belt, which runs from southeast to northwest British Columbia, and is known to host deposits of rare earth elements and strategic metals.

About North Bay Resources Inc.

North Bay Resources Inc. (OTCBB: NBRI) is a fully-reporting junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.

In the US, the Company owns the Ruby Gold Mine in Sierra County, California, and is presently looking to acquire additional operating mines in the western US.

The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.

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.

Cautionary Note to U.S. Investors -The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on our website (or press releases), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form S-1 and subsequent Form 10-K which may be secured from us, or from our website at http://www.sec.gov/edgar.shtml

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