SOURCE: North Bay Resources Inc.

October 30, 2009 08:58 ET

North Bay Resources (NBRI) Goes Green With Vanadium Acquisition

SKIPPACK, PA--(Marketwire - October 30, 2009) - North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has acquired the Pine River Vanadium deposit in northeastern British Columbia.

Vanadium is a strategic metal that is irreplaceable in a number of applications, including alternative energy storage, where its environmentally friendly attributes have led many to now refer to it as the "green" metal.

Pine River Vanadium covers 1,810 acres and is located in the Pine River Valley, approximately 700 kilometres northeast of Vancouver and about 600 kilometres northwest of Edmonton, Alberta. While its location is remote, the property has excellent infrastructure with regard to both transportation and energy. A paved highway passes through and alongside the claims, which also runs parallel with the Pine River. The B.C. Railway crosses on the opposite side of the valley as does the Peace River Power transmission line. Natural gas and oil pipelines also follow the highway through the valley.

Sampling documented in MINFLE 093O 009 and Assessment Report 20372 has thus far defined a vanadium-bearing zone with a length of 200 metres and an estimated true width of 100 metres. Over 40 samples were assayed, with yields ranging in value from 0.219 to 0.47% vanadium, and up to 0.83% vanadium pentoxide (V2O5). The deposit is estimated to contain at least several million tonnes, though these estimates are very preliminary and based on an examination of a very small portion of the overall property.

Research by the Company thus far indicates that North Bay now holds the only property in British Columbia where vanadium is the primary resource. Besides its traditional uses, such as in the manufacture of high-strength and super-light steel alloys, vanadium has in recent years seen ever-increasing demand for use in the next generation of high-capacity batteries that can be charged and recharged indefinitely. Hybrid cars, as well as large-scale wind and solar energy installations, all benefit from vanadium batteries to make these technologies more efficient, cost-effective, and environmentally-friendly. Its use in alternative energy is one of the reasons that Discover Magazine recently called vanadium "the element that could change the world."

About North Bay Resources Inc.

North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 140 mineral and placer claims encompassing approximately 50,000 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.


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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