UPDATE: North Bay Resources (NBRI) Issues Update on Gold Discovery at Fraser River Platinum JV Property

• Press Release
• Source: North Bay Resources Inc.
• On 2:22 pm EDT, Thursday April 2, 2009

SKIPPACK, PA--(MARKET WIRE)--Apr 2, 2009 -- North Bay Resources Inc. (Other OTC:NBRI.PK - News) ("North Bay" or the "Company") today issued an update on the work ongoing at its Fraser River Platinum JV project.

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Phase I of the initial test program commenced on February 9, 2009, and concluded on February 22 to await assay results from the lab on the first set of samples. As announced on February 19, reports received from the field were that the first two test pits ("Zone 1") revealed visible gold in the black sands within two feet of the surface. Before sampling the pay streak area, samples were first taken of the general deposit to determine the background concentration levels and to establish a baseline. Two sets of concentrate samples were sent to the lab, and the initial assay results show the samples of concentrate contained an average of 520 grams per tonne gold, for an effective yield of 0.26 grams of gold per yard of in-place background placer material. Results of the initial platinum assays are expected shortly.

Preliminary Phase II work began on March 28, and samples from one of the pay streaks have been sent to the lab for analysis. Reports from the site indicate that visible gold and small platinum nuggets were evidenced throughout. Upon issuance of additional work permits from British Columbia, Phase II of the test program will begin to excavate Zone 1 to a depth of at least 25 to 30 feet. The object of Phase II is to take samples at every foot vertically from the test pit wall in an attempt to intersect the pay streaks and gain further insight as to the geometry and average grade of the deposit.

The Fraser River Platinum Property is located near Lytton in south-central British Columbia, Canada, and covers approximately 4.5 kilometers of placer claims along the Fraser River. The general matrix of the bench placer is described as having fine gold and platinum disbursed throughout the deposit. Higher grade pay streaks within the general deposit are distributed in bands throughout the orebody, and are much more concentrated, especially closer to the original erosion channel.

While the depth of the deposit has not yet been determined, preliminary measurements of the mineralized black sands within Zone 1 estimates the volume to be approximately 250,000 tonnes. It is also estimated that there are at least several other similar zones adjacent to the test pit, which if borne out should significantly increase the volume estimates.

North Bay CEO Perry Leopold commented, "We continue to make good progress at the Fraser River property, and are very pleased by the results thus far. While the work program remains in the early stages, the initial grade and volume of the background deposit is very promising. Analysis of the grade and extent of the pay streaks during Phase II will go a long way towards determining if Fraser River is indeed an economic resource that can be mined profitably. We will continue to keep shareholders informed of our progress as the work program proceeds forward."

About North Bay Resources Inc.

North Bay Resources Inc. (Other OTC:NBRI.PK - News) 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.

     Contact:
     Perry Leopold
     CEO
     North Bay Resources Inc.
     215-661-1100
     http://www.northbayresources.com