SOURCE: North Bay Resources Inc.

December 08, 2010 08:22 ET

North Bay Resources Inc. (NBRI) Form S-1 Declared Effective; Company Now Fully Reporting

SKIPPACK, PA--(Marketwire - December 8, 2010) -  North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that its Form S-1 has been declared effective by the Securities and Exchange Commission ("SEC") and it has become a fully-reporting public company under the Securities Exchange Act of 1934. 

North Bay CEO Perry Leopold stated, "This event marks the culmination of a long process that began in November 2008 when we first publicly announced our intention to become a fully-reporting company, and made the commitment to our shareholders to follow through on that promise. The process has taken much longer that we originally expected, but I am extremely pleased to report that we have completed the task successfully. I would like to extend my profound thanks to our loyal shareholders for their patience during this period, and I believe the level of transparency we have now achieved as a result will be greatly beneficial to the Company as well as to all present and future shareholders alike. This is not our destination. This is still the beginning, and I truly believe our best days remain in front of us." 

About North Bay Resources Inc.

North Bay Resources Inc. (PINKSHEETS: NBRI) is a fully-reporting 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 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.

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