North Bay Resources Inc (NBRI)

[Spanky227]

Foxwoods,

One of the following will happen in the next week.

1) Terrace will go into production once the birdcage is built. SWAG 33% likely

2) Terrace will need a few more weeks of work but an initial production report will be issued to get a clue how much gold is up there. SWAG 32% likely

3) Terrace will require several weeks of work to begin mining, we still get an initial report of grade but revenues will be pushed back into November. SWAG 32% likely

4) Terrace doesn't have enough gold to mine we get the initial grade report, abandon the terrace and move back down to the Black channel. 2% chance as initial tests look very positive.