SOURCE: North Bay Resources Inc.

January 11, 2010 08:31 ET

North Bay Resources Inc. (NBRI) Expands Zeballos Gold Property With Gold-Cu-PGM-Vanadium Prospect

SKIPPACK, PA--(Marketwire - January 11, 2010) - North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has staked an additional 3,843 acres approximately 3 miles northeast of the Company's recently announced Zeballos Gold property. The new claims contain recently discovered polymetallic mineralization, with known gold assays of up to 18.2 grams per tonne, as well as anomalous copper, silver, platinum group metals, and vanadium indications.

According to a National Instrument 43-101 report completed in January 2008 (BC Assessment Report 29649), the claims now owned by North Bay were originally acquired in May 2007 by the Pacific Rim Power Corporation ("PRPC"), a private company, "to cover unexpected and apparently undocumented metallic mineral occurrences encountered during earthworks construction for a new hydro-electric power project by the Zeballos Lake Hydro Limited Partnership."

An inspection of the assay results from the 2008 report show anomalous levels of titanium (0.88%), silver (1.6 ppm), copper (.076%), and vanadium (.019%), as well as nickel (87.7 ppm), cobalt (53.4 ppm), chromium (87.6 ppm), and trace amounts of molybdenum, platinum and palladium. The report notes that no systematic exploration work has been completed on the property, and the samples assayed were confined to a limited area where earthwork excavations were undertaken for the sole purpose of constructing the hydro-electric power plant facility, which is what allowed the new mineralization to be discovered. The report concludes that the property "hosts an early stage opportunity" for new porphyry type copper-gold and other related mineral occurrences, that "the potential does exist for significant 'blind' or non-outcropping mineralization," and that "systematic, phased exploration work is warranted on the property at this time."

The 2008 report also documents a float grab sample of quartz-sulphide vein material taken in 2003 by Canalaska Ventures Ltd. from the western portion of the property that yielded 18.2 grams per tonne gold. This sample has been relocated, and its UTM coordinates confirm that the sample comes from the southwest corner of North Bay's newly staked claims.

The Company has also staked additional ground further south of the PRPC claim group onto claims previously held by Canalaska Ventures on two reverted crown grants. An inspection of assay reports from a 2003 exploration program (BC Assessment Report 27428) shows elevated levels of vanadium in the mineralization, with assays as high as .069% vanadium.

The new claims are currently considered to be an extension of the Zeballos Gold Property (see Company press release dated January 4, 2010), but depending on how JV discussions proceed, the Company may elect to spin off the new claims as a separate property in the near future.

About North Bay Resources Inc.

North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and develop 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.


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.

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