GREAT BASIN PROVIDES UPDATE ON THE BURNSTONE MINE PROJECT

GREAT BASIN PROVIDES UPDATE ON THE BURNSTONE MINE PROJECT

Wed Oct 06 08:30:00 2010
EDT
VANCOUVER, Oct 06, 2010 /PRNewswire via COMTEX News Network/ --
Great Basin Gold Ltd. ("Great Basin" or the "Company") (TSX: GBG; NYSE Amex:
GBG; JSE: GBG) announces that it is making good progress in the delivery of its
capital projects at its Burnstone Mine in South Africa.
The Company has reached a significant milestone in the history of the project
with the commissioning of the metallurgical plant which commenced on October 1,
2010 with the turning of electrical motors on the various appliances. Crushing of
ore commenced on October 4 to allow for the filling of the silo in preparation to
start the mills by October 8, 2010. In preparation of the hot commissioning, a number
of activities were successfully completed.
As at September 30, 2010, a total of approximately 4,200 meters of on-reef
development has been completed. Good progress continues to be made with Long Hole
Stope trials. In excess of 170,000 tons have been accumulated on the surface ore
stockpiles, which will be used to commission the Metallurgical Plant.
The equipping of the vertical shaft to surface has been completed and the
final work in the shaft headgear is in progress. As both the man and the rock winders
have been fully commissioned, the focus has moved to the man and rock conveyances
which are currently being commissioned. This is all in preparation for the final
licensing by the Department of Mineral and Resources which is planned for the week
of October 10, 2010 where after the vertical shaft will become available for general
usage.
At a Corporate level, warrant holders have already exercised over 21.1 million
of the 57.5 million warrants expiring on October 15, 2010 to date. The Company received
CDN$28.5 million in cash from these warrants up to September 29, 2010 and expect
the remaining CDN$63.5 million cash inflow in the period leading up to October 15,
2010.
Ferdi Dippenaar, President and CEO, commented: "The Company is entering an
exciting phase in its development with the commissioning of the Burnstone metallurgical
plant, transitioning from a project into an operating mine. If all goes well during
the commissioning phase, we expect to have our first gold pour by the end of October
2010. After having commenced with a box-cut for the decline some four years ago
in July 2006, the project is finally nearing completion at a time when the gold
price is at an historical high."
Johan Oelofse, Pr.Eng., FSAIMM, Chief Operating Officer of Great Basin and
a qualified person, as defined by Canadian regulatory policy, has reviewed and assumed
responsibility for the technical information contained in this release.

Ferdi Dippenaar
President and CEO

No regulatory authority has approved or disapproved the information contained
in this news release.This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address possible future commercial production, reserve potential, exploration
drilling results, development, feasibility or exploitation activities and events
or developments that Great Basin Gold expects to occur are forward-looking statements.
Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ materially from
those in the forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements include unexpected
delays and disruption in start-up of equipment and facilities, market prices, exploitation
and exploration successes, continuity of mineralization, uncertainties related to
the ability to obtain necessary permits, licenses and title and delays due to third
party opposition, geopolitical uncertainty, changes in government policies regarding
mining and natural resource exploration and exploitation, and continued availability
of capital and financing, and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future performance
and those actual results or developments may differ materially from those projected
in the forward-looking statements. For more information on the Company, Investors
should review the Company's annual Form 40-F filing with the United States Securities
and Exchange Commission and its home jurisdiction filings that are available atwww.sedar.com.SOURCE Great
Basin Gold Ltd.Copyright (C) 2010 PR Newswire. All rights reserved

GBG, GBG-TC,

Great-Basin-Burnstone, BUSINESS, csta+stories, FINANCE, financenews, financenews+select, hedge+funds,
prn, PUBCO+CANADA, PUBCO+SELECT, PUBLIC+COMPANIES, WALL+STREET,

This content is for use with Interactive Data products by authorized persons only. Any reference, link,
frame, or other use of this material without the explicit permission of Interactive Data is prohibited.