Excellent Grades Returned At Hollister Project in Nevada

VANCOUVER, BC - Great Basin Gold Ltd. reported that it has treated its second bulk ore sample from the Hollister Project in Elko County, Nevada. The 3,100 ton bulk sample was collected from trial mining development along the high grade Clementine and Gwenivere veins in the underground workings at its Hollister property on the Carlin Trend in Nevada. The sample was sent to the Jerritt Canyon process facility for milling and gold recovery. The sample had a head grade of 0.708 oz (24.28 g/t) of gold per ton and 6.0 oz (205.72 g/t) of silver per ton, delivering 1,976 ounces of gold and 14,835 ounces of silver, or a total of 2,246 equivalent gold ounces(1). Under the terms of ourtoll treatment agreement with Jerritt Canyon, Great Basin Gold will be paid for the gold and silver metal recoveries.

The company's address is 1020, 800 West Pender, Vancouver, BC V6C 2V6, (604) 684-6365, fax: (604) 684-8092.