SOURCE: North Bay Resources Inc.

February 26, 2009 08:35 ET

North Bay Resources (NBRI) Expands Argo Gold Holdings

SKIPPACK, PA--(Marketwire - February 26, 2009) - North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has acquired additional claims in close proximity to the Company's Argo Gold Property in southwestern British Columbia, Canada.

As previously announced on December 1, 2008, the 1,292 acre Argo Gold Property was staked by Company personnel 10 kilometres west of the south end of Tatlayako Lake, approximately 168 miles northwest of Vancouver. The mineralized area of economic interest at the Argo covers several square kilometres immediately south of Ottarasko Creek, and features a strike length estimated as being at least 3 kilometres long and up to 300 metres in width. The target prospects are known as the Langara, the Standard, and the Argo, which are documented as having assays of up to 26.75 grams (0.86 ounces) per tonne gold, 70 grams (2.25 ounces) per tonne silver, 2.52% copper, and 3.13% zinc.

The new claims are situated 5 miles northwest of the Argo Gold property and cover 4,566 acres south of Blackhorn Mountain. BC MINFILE 092N 019, the mapped location of which is surrounded by the new claims within a radius of 400 metres, documents several significant showings of gold and silver-bearing quartz veins in the area. Visible gold occurs as fine grains on fracture surfaces, with samples documented in BC Assessment Report 10654 returning assays as high as 653 grams (21 ounces) per tonne gold and 148 grams (4.76 ounces) per tonne silver. An uncut average of 5 chip samples was 71.7 grams (2.31 ounces) per tonne gold and 56.2 grams (1.81 ounces) per tonne silver. More typical values of samples from the adit range between 5 and 50 grams per tonne gold, and between 7 and 40 grams per tonne silver.

The new claims also include the Homestake, HW, and Lori prospects on the southeastern flank of Blackhorn Mountain and facing the Argo Gold property.

The mineralization at the Homestake is described in BC MINFILE 092N 035 as being similar to the Blackhorn Mountain occurrence one mile to the north One quartz and greenstone sample, taken over a width of 68 centimetres, returned an assay of 26.7 grams per tonne gold and 6.8 grams per tonne silver.

The HW occurrence (BC MINFILE 092N 058) covers a number of small showings comprising gold, silver and copper mineralization, spread over several square kilometres in the rugged terrain northwest of Ottarasko Mountain. It encroaches on similar showings covered by the Lori. The HW occurrence is centered on a broad quartz stockwork zone with average assays of 21 grams per tonne gold, including a peak value of 41.6 grams (1.34 ounces) per tonne gold.

The Lori occurrence described in BC MINFILE 092N 047 is located in mountainous terrain north of Ottarasko Mountain, midway between Blackhorn Mountain and the Argo Gold Property. Highly anomalous gold and copper values in quartz-rich float and talus in the area are documented in BC Assessment Report 13150 as having assays of up to 89 grams (2.86 ounces) per tonne gold.

Given the wide area of mineralization and the nature of the terrain, the Company intends to engage a joint-venture partner to assist in the further exploration and development of the Argo Gold Property and its new Blackhorn Mountain extensions.

About North Bay Resources Inc.

North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 100 mineral and placer claims encompassing approximately 40,000 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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