Great Basin Gold reports significant advances in Hollister geological
evaluation & corporate updates

VANCOUVER, June 21 /CNW/ - Great Basin Gold Ltd. ("Great Basin Gold" or the "Company") (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces additional positive exploration results from its Hollister property in Nevada as well as the completion of a corporate acquisition, a disposition and the settlement of a dispute.

    
    Hollister Geological Investigations and Drill Results
    -----------------------------------------------------
    

Significant progress has been made in 2010 with the geological and structural modeling of the Hollister epithermal vein systems. The added experience and close coordination of the geology and mining team is leading to marked refinements in modeling and evaluation of the deposit, resulting in improved trial mining efficiencies. A detailed underground geological mapping program over the last 4 months has provided significant new insights into the control structures of the epithermal veins. A series of N50E trending faults have been mapped which control the formation and geometry of the Hollister vein systems. These structures have been exposed both through underground development and trial mining activities and, effectively, break the deposit into at least 7 distinct domains.

As a consequence, the extensions and geometry of the bonanza vein systems can now be predicted more accurately. Structural mapping has also brought into context many of the vein intersections from the underground exploration, stope delineation and cover drilling, as well as focused the targeting process for extensions to the veins, stepping out to the northwest (Gloria system) and the southeast (Gwenivere system). A further exciting development is the exposure of a vein structure that effectively marks the convergence of the main Gwenivere and Clementine veins. This combined structure has been shown to host veins ranging from 0.5 to 13.6 feet (0.1-4.1 m) wide and with gold grades from 0.1 to 2.8 opt (3.0-97.0 g/t).

Implications for Exploration and Development Targeting

The impact of the underground structural mapping on how the Company can target its drilling programs is significant. Work to date has shown that:

    
    1.  The N50E structures have a direct control on the geometry and extent
        of the individual veins. Furthermore, this structural control has
        considerably tightened up the prediction of where the veins fault,
        taper, and migrate.

    2.  Seven areas have been identified where opportunities exist to find
        new mineralization close to current infrastructure, slab the side
        walls of trial mining stopes to expose parallel veining, and
        extension targets controlled by the N50E faults.

    3.  The current underground targets (Gloria vein system to the northwest,
        Velvet vein system to the north, and Pit Feeder vein system to the
        southwest) are still potential targets; however, the N50E faults now
        explain the geometry of "step-outs" to the northwest (eg Gloria), and
        also the Gwenivere vein to the southeast. Underground development in
        these areas would assist in optimizing the location of drill set ups
        to advance the evaluation of the veins.

    4.  A swarm of mostly narrow veins, as indicated by intersections to
        date, has been modeled to the north and subparallel to the Clementine
        vein system. A phased program of drilling is required to fully assess
        the extent and grade of these veins.

    5.  The Velvet vein target, located approximately 3,000 feet (980 m) to
        the north of the Gwenivere and Clementine vein systems, is
        increasingly appearing to be a separate, "Clementine-like" vein
        system. This is further evidenced by the coincidence of disseminated
        Blanket-style mineralization in the Tertiary volcanic strata at
        Velvet coincident with surficial mercury occurrences and coupled with
        extensive chalcedonic/opaline quartz development - surface evidence
        of past hydrothermal activity on the Velvet-Butte trend.
    

The enhanced geological work is having a significant impact on the confidence in the 24-month mine plan, by not only providing a more accurate vein model to plan from, but also demonstrating the location of additional mineralization that is extractable from existing mine development infrastructure. The updated vein model is also indicating where development and/or trial stoping has moved off-vein. The knowledge gained from mapping the N50E faults is also expected to positively affect stope delineation borehole planning, and prediction of vein development and grade trends.

2010 Underground Drilling Results

Currently, exploration and cover drilling is undertaken using one underground (U8) drilling rig; and shorter, stope delineation drill fans are completed with a second (U6 equivalent) rig. A summary of the vein characteristics from drilling is tabulated below.

    
                 Jan - May 2010 Drilling Intersection Summary

    -------------------------------------------------------------------------
                                         No.  Average
                                         of    width       Average grade
                                  No. Inter- --------------------------------
      Type of                     of   sect-             Au     Au    Ag  Ag
      drilling        Target    holes  ions   ft    m    opt    g/t   opt g/t
    -------------------------------------------------------------------------
    Stope        Gwenivere         11   19   2.4  0.73  0.363  12.46  1.6  53
    Stope        Main Clementine   21   37   1.0  0.29  0.707  24.25  2.5  86
    Stope        Central
                  Clementine        5   10   1.8  0.55  2.474  84.82 14.2 487
    Explor
     & Cover     Gwenivere          8   10   3.2  0.98  1.965  67.38  9.0 300
    Explor
     & Cover     Main Clementine    5    6   1.6  0.48  0.915  31.38  7.1 244
    Exploration  N Clementine       4    2   1.0  0.30  0.190   6.50  0.9  30
                                           ----------------------------------
    Exploration  Pit Feeder         2    0      Boreholes terminated due to
                                               bad ground. To be redrilled.
    -------------------------------------------------------------------------
    Totals                         56   84
    -------------------------------------------------------------------------

    

So far in 2010, 56 underground boreholes have been completed, of which 6 were for exploration, 13 covered extensions of the Gwenivere and Clementine vein systems and 37 tested stope delineation targets on both vein systems. Drilling statistics for the period January to May 2010 are shown below.

    

                      Underground Drill Hole Statistics

    -------------------------------------------------------------------------
                                                      Actual YTD  Budget YTD
    -------------------------------------------------------------------------
    Year to date feet drilled                             37,078      34,583
    -------------------------------------------------------------------------
    Average feet per month                                 7,416       6,917
    -------------------------------------------------------------------------
    

Results from underground drilling received to the end of May 2010 are included at the end of this release. A number of substantive intersections have been received from the cover drilling of the Gwenivere vein system, notably 4.8 ft @ 1.123 opt (38.51 g/t) Au in hole HDB-368; and 4.0 ft @ 1.381 opt (47.35 g/t) Au and 5.8 ft @ 1.607 opt (55.11 g/t) Au in hole HDB-374. Stope delineation drilling in the high grade Clementine veins has yielded 14 intersections of over 1 opt Au, including 0.5 ft @ 14.922 opt (511.60 g/t) Au in hole HSD-226 and 1.2 ft @ 13.336 opt (457.23 g/t) Au in hole HSD-236. HSD-257 yielded a Gwenivere intersection of 2.9 ft @ 2.826 opt (96.89 g/t) Au.

Planned Work and Updated Mineral Resource Estimate

The underground drilling will continue to focus on opportunities accessible from the current underground infrastructure, providing more information about the strike (3,000 ft/980 m) and vertical (1,300 ft/396 m) continuity of the vein systems. The process of re-modeling Hollister mineral system is underway. The system is currently know to comprise 31 discrete east-west striking sub-vertical veins (an increase from the previous estimate of 21 veins in June 2009), and include the Clementine, North Clementine, Gwenivere and Gloria vein groups. The system is still open along strike, at depth, and in areas up to and above the Ordovician/Tertiary Unconformity.

An updated mineral resource estimate is scheduled for the third quarter. The revised vein modeling will positively impact on the integrity of the resource estimation. Future work planned for June and July will involve the geostatistical evaluation of informing data for the vein wireframes, followed by a mineral resource estimation based on the in-situ vein model. The close-off date for data utilized for the mineral resource estimate is June 30.

    
    Corporate Developments
    ----------------------
    

Great Basin Gold has settled its previously disclosed dispute with Queenstake by execution of an ore-processing contract for 5000 tons of high grade and a like amount of lower grade ore on the basis that the parties will split the metal proceeds and milling costs of $88 per ton. As well, Queenstake's share is reduced if metal recoveries are off by more than 10% from the targeted recoveries of 88% Au and 82% Ag. The settlement eliminates all rights of first refusal and allows Great Basin Gold to immediately process ore stockpiles and production in excess of the capacity of its Esmeralda mill through Newmont's nearby Midas mill.

Great Basin Gold also issued 7.5 million shares with an agreed value of $2 each to acquire all the minority preferred shares in its Rusaf Gold subsidiary, thus eliminating any further discovery-contingent common share issuance requirements as well as eliminating the mandatory exploration expenditure timetable. It now owns all the Tanzanian and other Rusaf prospects outright without further obligations. The Company also advises that it has disposed of its shareholding in Kryso Resources plc for a total consideration of $3.4 million. The restructuring of its Rusaf holdings and the sale of Kryso shares are part of the Company's efforts to clean up its balance sheet.

Ferdi Dippenaar, President and CEO, commented: "The improvement in understanding of the geology of the Hollister orebody and the larger claim area is starting to bear fruit. The team at Hollister has done excellent work with the result that new veins, vein extensions and ounces are being added to the mine plans, and will be apparent when the updated resource statement is released in the third quarter of 2010. The prospective nature of this remarkable deposit continues to be underpinned by results achieved from the exploration and trial mining programs."

Phil Bentley, Pr.Sci.Nat. (SACNAS), Vice President for Geology and Exploration for the Company and a qualified person, has reviewed this news release on behalf of Great Basin Gold.

    
     No regulatory authority has approved or disapproved the information
                       contained in this news release.

             Cautionary and Forward Looking Statement Information
    

This document contains "forward-looking statements" that were based on Great Basin Gold's expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "outlook", "anticipate", "project", "target", "believe", "estimate", "expect", "intend", "should" and similar expressions.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These include but are not limited to:

    
    -   uncertainties and costs related to the Company's exploration and
        development activities, such as those associated with determining
        whether mineral resources or reserves exist on a property;
    -   uncertainties related to feasibility studies that provide estimates
        of expected or anticipated costs, expenditures and economic returns
        from a mining project; uncertainties related to expected production
        rates, timing of production and the cash and total costs of
        production and milling;
    -   uncertainties related to the ability to obtain necessary licenses,
        permits, electricity, surface rights and title for development
        projects;
    -   operating and technical difficulties in connection with mining
        development activities;
    -   uncertainties related to the accuracy of our mineral reserve and
        mineral resource estimates and our estimates of future production and
        future cash and total costs of production, and the geotechnical or
        hydrogeological nature of ore deposits, and diminishing quantities or
        grades of mineral reserves;
    -   uncertainties related to unexpected judicial or regulatory
        proceedings;
    -   changes in, and the effects of, the laws, regulations and government
        policies affecting our mining operations, particularly laws,
        regulations and policies relating to
        -  mine expansions, environmental protection and associated
           compliance costs arising from exploration, mine development, mine
           operations and mine closures;
        -  expected effective future tax rates in jurisdictions in which our
           operations are located;
        -  the protection of the health and safety of mine workers; and
        -  mineral rights ownership in countries where our mineral deposits
           are located, including the effect of the Mineral and Petroleum
           Resources Development Act (South Africa);
    -   changes in general economic conditions, the financial markets and in
        the demand and market price for gold, silver and other minerals and
        commodities, such as diesel fuel, coal, petroleum coke, steel,
        concrete, electricity and other forms of energy, mining equipment,
        and fluctuations in exchange rates, particularly with respect to the
        value of the U.S. dollar, Canadian dollar and South African rand;
    -   unusual or unexpected formation, cave-ins, flooding, pressures, and
        precious metals losses (and the risk of inadequate insurance or
        inability to obtain insurance to cover these risks);
    -   changes in accounting policies and methods we use to report our
        financial condition, including uncertainties associated with critical
        accounting assumptions and estimates;
    -   environmental issues and liabilities associated with mining including
        processing and stock piling ore;
    -   geopolitical uncertainty and political and economic instability in
        countries which we operate; and
    -   labour strikes, work stoppages, or other interruptions to, or
        difficulties in, the employment of labour in markets in which we
        operate mines, or environmental hazards, industrial accidents or
        other events or occurrences, including third party interference that
        interrupt the production of minerals in our mines.
    

For further information on Great Basin, investors should review the Company's annual Form 20-F filing with the United States Securities and Exchange Commission www.sec.com and home jurisdiction filings that are available at www.sedar.com.

    
                         HOLLISTER DRILLING RESULTS
                         --------------------------
    

Samples collected from the Hollister Project are delivered to Inspectorate America Corporation (Inspectorate) in Sparks, Nevada. Vein samples are analyzed by standard fire assay procedures. For standard fire assay, vein sample preparation consists of drying and jaw-crushing the entire sample to 90% passing 10-mesh, taking a 300 g sub-sample using a Jones splitter, and then pulverizing the 300 g sub-sample to 90% passing 150-mesh using a large capacity ring and puck pulverizer. A 30 g charge is fire assayed. All metal determinations are by gravimetric finish. Laboratory Quality Assurance/Quality Control (QA/QC) is monitored using coarse reject blanks and assay standards, duplicate fire assays, and Inspectorate's internal standards and blanks. Coarse blanks (barren rhyolite or landscape marble) and assay standards are inserted into the sample sequence as blind samples prior to submitting the samples to the laboratory. Inspectorate also inserts assay standards and blanks into the sample stream. QA/QC results are within acceptable limits.

    
             Exploration and Cover Drilling Results Jan-May 2010

    -------------------------------------------------------------------------
                                      Significant Intersections
                          ---------------------------------------------------
                           Vein Inter-
      Vein    Borehole    section (ft)           Est.   Analytical Results
     System      No.      -------------- Drilled True -----------------------
                                          Width  Width  Au     Au    Ag   Ag
                           From     To    (ft)   (ft) (opt)  (g/t) (opt)(g/t)
    -------------------------------------------------------------------------
    Gwenivere    HDB-368    72.7    82.2   9.5   4.8  1.123  38.51  6.6  227
    -------------------------------------------------------------------------
    Gwenivere    HDB-369    56.0    61.0   5.0   4.1  0.514  17.62  3.8  131
                           148.4   149.0   0.6   0.5  0.179   6.14  1.3   46
                           533.5   534.2   0.7   0.6  0.270   9.26  1.7   57
                           568.9   572.4   3.5   2.8  0.556  19.06  2.2   76
    -------------------------------------------------------------------------

    Gwenivere    HDB-370    71.0    73.4   2.4   1.7  0.493  16.90  3.3  113
                           314.1   314.7   0.6   0.4  0.271   9.29 0.42   15
    -------------------------------------------------------------------------
    Gwenivere    HDB-371    97.0    99.9   2.9   1.7  1.427  48.93  4.6  158
    -------------------------------------------------------------------------
    Gwenivere    HDB-372    77.3    90.9  13.6  13.6  0.093   3.21  1.4   40
                           460.6   461.4   0.8   0.8  0.597  20.47  2.6   89
                           473.6   474.1   0.5   0.5  0.201   6.89  0.9   30
    -------------------------------------------------------------------------

    Clementine    HDB-372  556.3   559.6   3.3   3.3  0.531  18.21  4.6  156
    N Clementine  HDB-372  796.4   797.2   0.8   0.8  0.141   4.84  2.1   72
    N Clementine           860.5   862.4   1.9   1.9  0.209   7.17  1.9   64
    -------------------------------------------------------------------------
    Gwenivere     HDB-373   84.1    85.5   1.4   1.3  0.219   7.51  2.8   97
                           377.4   378.0   0.6   0.6  0.310  10.63  0.6   22
    Clementine    HDB-373  512.1   513.3   1.2   1.1  0.206   7.06  1.1   38
    Clementine             560.4   562.2   1.8   1.7  0.516  17.69  1.5   53
    -------------------------------------------------------------------------
    Gwenivere     HDB-374   16.1    20.1   4.0   4.0  1.381  47.35  1.7   58
                            54.3    60.1   5.8   5.8  1.607  55.11  5.2  178
                           381.4   382.0   0.6   0.6  0.349  11.97  6.3  216
    Clementine    HDB-374  453.6   456.8   3.2   3.2  0.892  30.58  7.8  269
    -------------------------------------------------------------------------
    Gwenivere     HDB-376   38.8    45.8   7.0   7.0  0.181   6.21  1.2   40
                              80    80.5   0.5   0.5  0.113   3.88  0.2    8
                           358.9   359.4   0.5   0.5  0.125   4.28  0.4   12
    Clementine    HDB-376  438.3   438.8   0.5   0.5  0.875  30.00 10.3  353
                           575.7   576.4   0.7   0.7  0.170   5.83  0.5   17
    N Clementine  HDB-376  622.3   622.7   0.4   0.4  0.102   3.49  0.3   11
    N Clementine           791.1   791.7   0.6   0.6  0.278   9.53 0.27    9
    -------------------------------------------------------------------------
    Clementine    HDB-377  456.7   457.3   0.6   0.6  0.232   7.95  0.6   21
    N Clementine             608   608.7   0.7   0.7  0.194   6.65  0.2    8
    N Clementine          1051.4  1053.3   1.9   1.8  0.148   5.07 0.08    3
    -------------------------------------------------------------------------
    N. Clementine HDB-380   37.4    38.3   0.9   0.9  0.279   9.57  0.8 27.3
    N. Clementine          168.3     169   0.7   0.7  0.208   7.13  0.7 24.9
    -------------------------------------------------------------------------



               Stope Delineation Drilling Results Jan-May 2010

    -------------------------------------------------------------------------
                                      Significant Intersections
                          ---------------------------------------------------
                           Vein Inter-
      Vein    Borehole    section (ft)           Est.   Analytical Results
     System      No.      -------------- Drilled True -----------------------
                                          Width  Width  Au     Au    Ag   Ag
                           From     To    (ft)   (ft) (opt)  (g/t) (opt)(g/t)
    -------------------------------------------------------------------------
    Clementine    HSD-160   71.8    72.3   0.5   0.4  0.639  21.91  0.8   26
                           109.5   110.7   1.7   1.2  1.308  44.85  4.4  151
                           155.8   156.4   0.6   0.4  0.339  11.62  0.2    6
                           175.5   176.9   1.4   1.0  0.590  20.23  5.5  189
    -------------------------------------------------------------------------
    Clementine    HSD-161   94.0    94.7   0.7   0.6  0.571  19.58  2.5   87
                           150.0   155.7   5.7   4.7  0.171   5.87  3.7  127
    -------------------------------------------------------------------------
    Clementine    HSD-162   86.1    86.7   0.6   0.5  0.719  24.65  1.6   56
                           204.5   206.3   1.8   1.6  0.366  12.55  6.3  217
    -------------------------------------------------------------------------
    Clementine    HSD-163   83.9    84.6   0.7   0.7  1.350  46.29  2.9  100
                           134.2   135.9   1.7   1.6  0.151   5.18  0.9   30
                           195.4   197.5   2.1   2.0  1.150  39.43  3.5  121
    -------------------------------------------------------------------------
    Clementine    HSD-164  248.2   248.7   0.5   0.5  0.458  15.70  1.1   37
    -------------------------------------------------------------------------
    Clementine    HSD-165   97.4    97.9   0.5   0.5  0.136   4.66  0.9   30
                           206.8   207.3   0.5   0.5  0.146   5.00  0.7   25
    -------------------------------------------------------------------------
    Clementine    HSD-170  217.4   218.5   1.1   1.0  0.437  14.98  1.3   44
    -------------------------------------------------------------------------
    Clementine    HSD-172  339.0   339.6   0.6   0.4  0.510  17.49  0.8   26
    -------------------------------------------------------------------------
    Clementine    HSD-174  113.3   114.1   0.8   0.7  0.469  16.08  4.0  137
                           186.6   187.0   0.4   0.4  0.159   5.45  0.3   10
    -------------------------------------------------------------------------
    Clementine    HSD-175  100.3   101.8   1.5   1.5  0.292  10.01  1.2   40
                           217.2   220.0   2.8   2.8  0.280   9.65  1.3   45
    -------------------------------------------------------------------------
    Clementine    HSD-178  108.4   110.4   2.0   1.6  0.141   4.82  0.5   18
                           117.0   118.1   1.1   0.9  0.303  10.39  0.5   17
    -------------------------------------------------------------------------
    Clementine    HSD-179   55.8    56.4   0.6   0.4  0.231   7.92  1.3   45
                           123.4   124.1   0.7   0.5  0.180   6.17  0.7   24
                           218.6   219.1   0.5   0.4  0.721  24.72  1.5   53
    -------------------------------------------------------------------------
    Clementine    HSD-182  209.4   210.3   0.9   0.9  1.386  47.52  2.4   82
    -------------------------------------------------------------------------
    Clementine    HSD-183  206.5   207.2   0.7   0.7  1.194  40.94  6.9  238
    -------------------------------------------------------------------------
    Clementine    HSD-184  212.5   213.4   0.9   0.8  1.051  36.03 11.5  393
    -------------------------------------------------------------------------
    Clementine    HSD-212   94.0    94.5   0.5   0.4  0.607  20.81  1.1   39
    -------------------------------------------------------------------------
    Clementine    HSD-213  104.6   106.0   1.4   1.0  0.264   9.05  1.0   36
    -------------------------------------------------------------------------
    Clementine    HSD-214  121.0   121.8   0.8   0.5  0.344  11.79  2.5   86
    -------------------------------------------------------------------------
    Clementine    HSD-225  147.6   148.2   0.6   0.5  1.177  40.35  0.9   30
                           287.0   290.8   3.8   3.1  0.291   9.98  0.4   15
    -------------------------------------------------------------------------
    Clementine    HSD-226  265.7   266.4   0.7   0.6  1.262  43.27  0.5   17
                           273.0   273.6   0.6   0.5 14.922 511.60  7.5  257
                           350.5   351.1   0.6   0.5  0.833  28.56  1.3   46
    -------------------------------------------------------------------------
    Clementine    HSD-227  241.6   242.1   0.5   0.5  0.180   6.17  0.7   24
                           317.3   318.0   0.7   0.6  0.480  16.46  1.3   44
    -------------------------------------------------------------------------



               Stope Delineation Drilling Results Jan-May 2010

    -------------------------------------------------------------------------
                                      Significant Intersections
                          ---------------------------------------------------
                           Vein Inter-
      Vein    Borehole    section (ft)          Est.   Analytical Results
     System      No.      -------------- Drilled True -----------------------
                                          Width  Width  Au     Au    Ag   Ag
                           From    To     (ft)   (ft) (opt)  (g/t) (opt)(g/t)
    -------------------------------------------------------------------------
    C. Clementine HSD-236   59.2    60.9   1.7   1.2 13.336 457.23  1.9   66
                            78.2    80.4   2.2   1.5  0.892  30.58  0.7   25
                            97.3   104.4   4.9   4.9  3.157 108.23 32.1 1099
    -------------------------------------------------------------------------
    C. Clementine HSD-241   27.3    28.4   1.1   1.1  0.226   7.75  3.1  106
                            39.0    39.5   0.5   0.5  0.147   5.04  2.5   86
                            68.6    69.1   0.5   0.5  0.150   5.14  0.8   27
    -------------------------------------------------------------------------
    C. Clementine HSD-242   43.0    44.6   1.6   1.3  1.390  47.66 14.9  512
    -------------------------------------------------------------------------
    C. Clementine HSD-244   42.6    45.2   2.8   2.3  1.075  36.86  7.2  247
                            46.5    47.9   1.4   1.1  0.104   3.58  4.7  161
    -------------------------------------------------------------------------
    C. Clementine HSD-245   35.9    39.5   3.6   3.6  1.925  66.00 13.6  466
    -------------------------------------------------------------------------
    Gwenivere     HSD-246   67.0    69.2   2.2   2.1  0.010   0.35  0.7   24
                           107.5   108.4   0.9   0.9  0.141   4.83  0.7   24
    -------------------------------------------------------------------------
    Gwenivere     HSD-247   70.7    71.6   0.9   0.9  0.144   4.94  1.1   38
                            74.4    75.5   1.1   1.1  0.102   3.49  0.2    6
    -------------------------------------------------------------------------
    Gwenivere     HSD-248  108.2   110.3   2.1   2.0  0.103   3.53  2.7   91
    -------------------------------------------------------------------------
    Gwenivere     HSD-249   98.9   103.0   4.1   3.5  0.037   1.28  0.7   24
                           110.3   110.8   0.5   0.4  0.131   4.48  0.3   10
                           139.4   140.0   0.6   0.5  0.106   3.63 0.97   33
    -------------------------------------------------------------------------
    Gwenivere     HSD-250   78.7    82.6   3.9   3.9  0.193   6.62  0.2    6
                            82.6    85.4   2.8   2.8  0.082   2.80  0.7   25
    -------------------------------------------------------------------------
    Gwenivere     HSD-252   61.5    63.0   1.5   1.2  0.100   3.44  0.1    3
                           145.0   149.5   4.5   3.7  0.008   0.27  0.8   28
    -------------------------------------------------------------------------
    Gwenivere     HSD-253   98.3    99.1   0.8   0.7  0.293  10.05  0.4   13
                           134.2   139.6   5.4   4.5  0.663  22.73  3.4  115
    -------------------------------------------------------------------------
    Gwenivere     HSD-254  117.0   121.1   4.1   4.0  0.501  17.18    4  136
    -------------------------------------------------------------------------
    Gwenivere     HSD-255  117.5   121.0   3.5   3.5  0.051   1.75  1.5   50
    -------------------------------------------------------------------------
    Gwenivere     HSD-256  135.8   142.1   6.3   5.7  0.040   1.38  1.6   54
    -------------------------------------------------------------------------
    Gwenivere     HSD-257  164.1   166.0   1.9   1.5  0.592  20.30  1.2   41
                           166.0   169.7   3.7   2.9  2.826  96.89  2.1   72
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SOURCE Great Basin Gold Ltd.

For further information: For further information: on Great Basin Gold Ltd. and its gold properties, please visit the Company's website at www.grtbasin.com or contact Investor Services: Tsholo Serunye in South Africa, 27 (0)11 301 1800; Michael Curlook in North America, 1 888 633 9332; Barbara Cano at Breakstone Group in the USA, (646) 452-2334

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Great Basin Gold Ltd.

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