Mr. Michael Curlook reports

GREAT BASIN GOLD Q1 2012 RESULTS CONFERENCE CALL AND WEBCAST: TUESDAY, MAY 15, 2012

Great Basin Gold Ltd. will hold its first quarter 2012 results conference call and webcast on Tuesday, May 15, 2012, at 6 a.m. PDT/9 a.m. EDT/2 p.m. BST/3 p.m. SAST. The management discussion and analysis and interim financial statements for the period ended March 31, 2012, will be available on the company's website after Toronto Stock Exchange market close on Monday, May 14, 2012. Regulatory filings will be available on SEDAR, EDGAR and SENS before TSX market open on Tuesday, May 15, 2012.

The conference call can be accessed using the following dial-in numbers:

• 1-888-396-2356 (North America, toll-free);
• 1-617-847-8709 (international);
• Access code: 75907055.

To ensure timely entry into the call, please dial in at least 15 minutes before start time. A live audio webcast of the conference call will also be available at the company's website. A replay will be available beginning 11 a.m. EDT on Tuesday, May 15, 2012, through 11:59 p.m. EDT on May 29, 2012. To access the replay, please dial 1-888-286-8010 (North America, toll-free) or 1-617-801-6888 (international) using the access code 69893342.

A transcript of the call will be available at your request by e-mailing transcript@za.grtbasin.com. For conference call or other inquiries, please feel free to contact the company's investor relations team at the following numbers:

Michael Curlook -- manager of IR and corporate development:  1-888-633-9332

Tsholo Serunye in South Africa:  27-0-11-301-1800

Barbara Cano at Breakstone Group in the U.S.:  1-646-452-2334

We seek Safe Harbor.