North Bay Resources Inc (NBRI)

[RyGuy]

This was Perry Leopold's response when I asked him this on Wednesday of this week.

"Dear Ryan;

Thank you for the email.

We are prohibited by regulations from selling directly into the market without filing a registration statement. As I mentioned in our previous email, we have done some private placements recently, so there has been some dilution in that regard. Whether those investors have elected to sell some of their shares I have no way of knowing. I generally avoid commenting on the stock price movement, but if anyone was truly "dumping" I would expect it would be accompanied by much higher volume. Volume has instead been decreasing lately, which makes it hard to sustain momentum, and any selling, no matter how small, is often magnified. It's the nature of the beast.

Hope this helps....

* P *

Perry Leopold, CEO
North Bay Resources Inc.
[e-mail]
http://www.northbayresources.com"