VANCOUVER, June 22 /CNW/ - Great Basin Gold Ltd. ("Great Basin Gold" or
the "Company") (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces that Standard
and Poor's has added Great Basin Gold to its S&P/TSX Composite Index within
its "Materials" GICS sector index, effective before market open today Monday,
June 22, 2009.
"We are honored to be recognized among some of the foremost materials
companies in North America and to be one of the few mining companies
represented in the S&P/TSX Composite Index", commented Ferdi Dippenaar,
President and CEO. "This distinction is a result of the dedication and hard
work by our teams in South Africa and in Nevada. We look forward to further
success in the future ahead."
President and CEO
No regulatory authority has approved or disapproved the information
contained in this news release.
About the S&P/TSX Composite
Introduced in 1977 the S&P/TSX Composite is the headline index and the
principal broad market measure for Canadian Equity markets. It includes common
stock and income trust units and serves as the benchmark for the majority of
Canadian pension funds and mutual funds. Constituents of the S&P/TSX Composite
Index are also members of either the S&P/TSX Equity indices (the S&P/TSX
Equity or the S&P/TSX Equity Completion) or the suite of indices which include
income trusts (S&P/TSX Income Trust, S&P/TSX Capped REIT, The S&P/TSX Capped
Energy Trust, the S&P/TSX 60, or the S&P/TSX Completion), or both. With
approximately 95% coverage of the Canadian equities market, it is the primary
gauge for Canadian-based, Toronto Stock Exchange listed companies.
About Great Basin Gold
Great Basin Gold is an international mining company with two gold
projects in the development stage: Hollister on the Carlin Trend in Nevada and
Burnstone in the Witwatersrand Basin.
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: Michael Curlook in North America, 1-888-633-9332; Tsholo
Serunye in South Africa, +27 (0)11 301-1800; Barbara Cano at Breakstone Group
in the USA, (646) 452-2334