North Bay Resources Inc. (OTCPK:NBRI) has entered into an agreement to acquire 1056 hectare Copper Island Red-Bed Copper Project from Copper Island Mines Ltd. for CAD 0.42 million on February 14, 2024.Under the terms of the Agreement, the North Bay Resources Inc. will be granted the exclusive right to acquire the Project in consideration for completion of a series of cash payments, securities issuances and exploration expenditures, as follows: On signing, issuance of 1,250,000,000 shares at a deemed price of CAD 0.0002 (Feb. 14th, 2024 closing price) valued at CAD 250,000. On the one year anniversary (February 15th, 2025) 1,250,000,00 shares at a deemed price of CAD 0.0002 (Feb.

14th, 2024 closing price) valued at CAD 250,000 and cash payment of CAD 50,000. Complete a work program on the Project of CAD50,000 within 2 years of signing inclusive of any and all costs associated with the completion of exploration on the Project. After the completion of the final payment and required exploration work the Project will be assigned to the North Bay Resources Inc. subject to a net smelter royalty of 2% with a buyback of 1% (or 50% of the royalty) exercisable for a period of sixty months in consideration of a one-time cash payment of CAD 1,000,000..

The Board of Directors has appointed Jared Lazerson as Chief executive Officer and a Director of the North Bay Resources Inc. replacing Perry Leopold. Leopold remains a Director of the North Bay Resources Inc.