North Bay Resources Inc. reported the results of the Company's recent exploration work at Mount Washington and Wolf Lake Gold on Vancouver Island. The exploration program at Wolf Lake was conducted over a four day period in mid-September, and consisted of geological mapping, prospecting, and selective rock sampling. Samples were taken from six locations, and the lab reports have now been released.

Compilation of the geological mapping, plotting of geochemical results, and completion of a NI 43-101 technical assessment report authored by Mr. Jacques Houle, P.Eng., have also been completed and released for publication at the Company's website. Geochemistry highlights are as follows: A sample from a new discovery, now referred to as the Ridge Zone, was taken from a 0.05m thick quartz-sulphide vein exposed in a logging road cut along the NE side of a ridge. This sample yielded 22.2 g/t gold, 48.3 g/t silver, 0.632% copper, and 8.11% zinc. A sample from another new discovery, now referred to As the Blast Zone, was taken from a0.1m thick sulphide-chlorite vein exposed in a possibly blasted small outcrop.

This sample assayed 1.18 g/t gold, 71.8 g/t silver, 3.12% copper and 0.269% zinc. A sample from the Road Zone taken from a 0.04m thick quartz-sulPHide vein exposed in a logging Road Zone taken from a 0.,04m thick quartz-sULphide vein exposed in a log road cut yielded 5.11 g/t gold, 24.4 g/t silver, 0.,931% copper, 22.1 g/t tellurium and 406 g/t zinc. A sample from the Lake Zone taken from a 1.2m thick sulphide-quartz vein and exposed in small overgrown quartz assayed 60.3 g/t gold, 141 g/t silver, 91.6 g/t bismuth, 0.627% copper, 0.988% lead, 561 g/t antimony and 6.76% zinc. Since the last significant exploration programs occurred on the Mount Washington Property in 1992, prices for target commodities gold, silver, copper, molybdenum and tellurium have greatly increased. In addition, the property has been the focus of several academic geology papers by qualified geoscientists, including highly experienced government personnel. The understanding of mineral deposits by economic geologists has improved substantially since the last exploration and academic work was done in the Property area.

It has been estimated that total exploration expenditures on the property to be about $5.25 million, exclusive of mining and development costs. Mr. Houle's report concludes that the Mount Washington Property and the Wolf Lake Gold claim area is worthy of further exploration, building on past successful work, new mineral exploration and processing technology, and excellent local infrastructure. The potential exists both on and near the property to establish economically reliable mineral resources of gold, silver, copper, Molybdenum and/or tellurium that could be permitted, mined and processed.

An initial $1 million program is designed to target both bulk mineable mineral resources at the Murex Breccia and high-grade narrow vein resources at Wolf Lake, establishing environmental and socio-economic programs necessary for long term success.