North Bay Resources Inc. (NBRI) Engages Investment Bank

SKIPPACK, PA -- (Marketwire - Jul 27, 2011) - North Bay Resources Inc. (OTCBB: NBRI) ("North Bay" or the "Company") is pleased to announce that it has signed an engagement letter with Acer Capital Group ("ACG") to provide investment banking services to the Company.

ACG is a global holding company of private equity foreign and domestic funds in the business of deploying capital. ACG is the parent company of subsidiaries that include ACG Consulting, LLC, with whom the Company has a prior relationship with. This engagement allows North Bay to avail itself of the entire scope of resources offered by ACG and all of its subsidiaries throughout the world.


Among the services to be provided, ACG will

- seek to identify potential M&A targets for the Company and manage the due diligence process on behalf of the Company.

- develop a strategy for the potential spinout of various properties and/or subsidiaries.

- introduce the Company to certain capital sources, including possible financial and strategic investors, intermediaries, and/or lenders, for the purpose of funding North Bay's corporate strategy and raising the requisite capital as-needed for the future expansion of operations.

North Bay CEO Perry Leopold commented, "Over the time we have been involved with ACG Consulting, we have been very impressed with the experience and professionalism throughout the ACG organization, and we are very pleased to have the opportunity to expand our relationship to now include the parent company and all of its subsidiaries and affiliates. A strong investment banking relationship is critical to our future growth, and I am looking forward to working with them as we continue to develop a variety of new projects and opportunities."


About Acer Capital Group

Acer Capital Group ("ACG") is a global holding company of private equity foreign and domestic funds in the business of deploying capital. Our family of funds has earned the reputation as a premier value-added provider of capital. Our track record as an owner, lender, and/or investor of real estate and securities has allowed us to create an unrivaled reputation for underwriting and understanding even the most complex of transactions.

The firm is headquartered in Irvine, California and maintains offices throughout the US and internationally. ACG, in its principal and advising banking and investing capacity, focuses on providing financing for transactions in a wide range of corporate and real estate projects of all types, including but not limited to, retail, entertainment, multi-family, industrial, office, hospitality, land, mobile home and mixed-use.

Services include originating, evaluating, and structuring the transaction; preparing and underwriting the financing request package; assistance with negotiations and coordination of placement and closing process. Our track record of completed transactions speaks volumes in our ability to execute and deliver competitive and innovative debt, mezzanine and equity capital. For further information, please visit the ACG website at www.acgcompanies.com


About North Bay Resources Inc.

North Bay Resources Inc. (OTCBB: NBRI) is a fully-reporting junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.

In the US, the Company owns the Ruby Gold Mine in Sierra County, California, and is presently looking to acquire additional operating mines in the western US.

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.

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on our website (or press releases), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form S-1 and subsequent Form 10-K which may be secured from us, or from our website at www.sec.gov/edgar.shtml



Contact:

Perry Leopold
CEO
North Bay Resources Inc.
215-661-1100
www.northbayresources.com