An anonymous director reports

GREAT BASIN GOLD ANNOUNCES CLOSING OF C$50 MILLION BOUGHT DEAL PUBLIC OFFERING OF UNITS

Great Basin Gold Ltd. has closed its previously announced bought-deal offering of units, at a price of 75 cents per unit, with a syndicate of underwriters. Each unit consists of one common share of Great Basin Gold and one-half of one purchase warrant. Each warrant will be exercisable for a period of two years following the closing of the offering at an exercise price of 90 cents per warrant.

Net proceeds from the offering will be used for working capital for the development and ramp-up of the Burnstone mine.

We seek Safe Harbor.