North Bay Resources Inc. (NBRI) Issues Shareholder Update

North Bay Resources Inc. (OTC: NBRI) (“North Bay” or the “Company”) announced today that as a result of a default by 4D Minex Corporation in a private transaction previously announced on July 8, 2022, control of the Company has been reasserted by the majority shareholder of the Series I Preferred Shares representing such voting control.  Accordingly, Mr. Perry Leopold has now been reappointed President and Chief Executive Officer of the Company. The Company also affirms that despite the previous private transaction announcement on July 8, 2022, no shares of any class of Company stock have been issued or transferred, and our outstanding share total has remained unchanged since December 2021.

About North Bay Resources Inc.

North Bay Resources Inc. (OTC: NBRI) is a junior mining company with current operations in British Columbia, Canada.  The Company holds 100% ownership of several significant mining properties, including the advanced-stage Murex Copper project on Vancouver Island, and the Tulameen Platinum Project near Princeton, BC. 

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