Great Basin Gold Ltd. (fka GBGLF)

[amarksp]

GBG obtains AMEX listing:

http://www.greatbasingold.com/gbg/NewsReleases.asp?ReportID=64600

VANCOUVER, British Columbia--(BUSINESS WIRE)--July 8, 2003--Ronald W. Thiessen, President and CEO of Great Basin Gold Ltd. (TSX Venture: GBG - News; AMEX: GBN - News), is pleased to announce that Great Basin has received formal approval to list its common shares on the American Stock Exchange ("AMEX"). AMEX has advised that this approval is contingent upon Great Basin being in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if the Company is not in compliance with such standards. Effective July 14, 2003, common shares of Great Basin will be listed for trading on the "AMEX" under the symbol "GBN". The Company will continue to trade on the TSX Venture Exchange under the symbol "GBG".

"The Management and Board of Directors of Great Basin are pleased to have secured a listing on the American Stock Exchange," said Mr. Thiessen. "The AMEX listing will provide the many interested investors in the United States with greater transparency, and more convenient and readily accessible trading opportunities. We also see the move to AMEX as another milestone, as the Company's evolves from a successful exploration firm to a mid-tier gold producer."

Great Basin's evolution was initiated in North America's premier gold producing environment - the Carlin Trend of Nevada -- where the Company discovered high-grade gold-silver vein systems on its Ivanhoe Gold Property. Through an agreement with Hecla Mining Company, these high-grade veins are being advanced through the underground exploration, development and production stages.

In the fall of 2002 Great Basin agreed to purchase Southgold Exploration (Proprietary) Limited and thereby acquire an interest in its second project - the Burnstone Gold Property. Burnstone is located in the world's largest gold district, the Witwatersrand Basin of South Africa, from which over one billion ounces of gold have been produced. Since that time, Great Basin has carried out extensive resource delineation drilling, and recently initiated engineering work toward feasibility studies for a long life, low cost gold mine.

For further details on the Ivanhoe Gold Property and the Burnstone Gold Property, please visit the Great Basin Gold Ltd. website at www.hdgold.com or contact Investor Services at [phone] or within North America at 1-800-667-2114.

ON BEHALF OF THE BOARD OF DIRECTORS

Ronald W. Thiessen
President and CEO