Great Basin Gold Ltd. (fka GBGLF)

[goldenpolarbear]

Ronald Thiessen, President and CEO of Northern Dynasty Minerals Ltd. (TSX Venture-NDM; OTC.BB-NDMLF) is pleased to announce the appointment of Mr. Walter T. Segsworth as a Director of Northern Dynasty. Mr. Segsworth is a well-known and respected member of the international mining industry. He was President, Chief Operating Officer and Director of Homestake Mining Company until recently when the company merged with Barrick Gold. Homestake's operations and projects were located in Canada, the United States, Australia, Chile and Argentina. During Mr. Segsworth's tenure, Homestake set a 125 year gold production record and the company's operating costs reached 25 year lows.

Prior to joining Homestake, Mr. Segsworth was President, CEO and Director of Westmin Resources Limited, which operated three mines in British Columbia, the Myra Falls and Premier underground mines and the Gibraltar open pit mine. Taseko Mines Limited, another company in the Hunter Dickinson group, currently owns Gibraltar. Westmin also developed the large-scale Lomas Bayas copper project in Chile. During the period of 1974-1990, Mr. Segsworth was part of Noranda Minerals Limited and was General Manager of the Central Canada Potash Mine in Saskatchewan, the Golden Giant Mine in Ontario and the Bell Copper Mine in British Columbia.

Mr. Segsworth is a past Director and Chairman of the Mining Associations of Canada and British Columbia, and was voted British Columbia Mining Industry Person of the Year in 1996. He is a member of the Canadian Institute of Mining, Metallurgy and Petroleum and until recently, was part of the Mining Curriculum Advisory Board of the Michigan Technological University, from which he earned his degree in Mining Engineering.

Northern Dynasty is focused on a rigorous program to advance the Pebble gold-copper-molybdenum project, located in southwestern Alaska. Following third party confirmation of a substantial mineral resource in the Pebble deposit in January 2004, the Pebble project began an important transition from exploration to mine planning and permitting, and Mr. Segsworth's extensive operational and financial experience will be of great assistance to the Company during development. The current C$34.5 million program encompasses comprehensive drilling to upgrade the Pebble resource to measured and indicated categories, baseline environmental and socioeconomic studies to support state and federal project permit applications, as well as site testing and engineering studies directed toward completion of a bankable feasibility study in 2005.

http://www.northerndynastyminerals.com/ndm/NewsReleases.asp?ReportID=595642

"...Great Basin ex Segsworth drawn into Nevada fraud suit..."
http://www.stockwatch.com/News/Item.aspx?bid=Z-U:GBGLF-2404251&symbol=GBGLF®ion=U