Great Basin Gold Ltd. (fka GBGLF)

[basserdan]

Great Basin Gold Receives BLM Approval for Second Decline at Hollister Project, Nevada

Tuesday July 10, 9:00 am ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 10, 2007 -- Great Basin Gold Ltd. ("Great Basin Gold" or the "Company") (Toronto:GBG.TO - News)(AMEX:GBN - News)(JSE: GBGOLD) announces that the Bureau of Land Management ("BLM") has approved the Second Decline Amendment to the Hollister Development Block Plan of Operations. The approval is subject to Nevada Division of Environmental Protection approval of an Engineering Design Change, expected to be received next week, and other conditions as outlined in the BLM letter dated June 26, 2007.

Construction of a second decline is a high priority for the Company as it will result in safety improvements, increase haulage capacity for the potential mine development as well as providing a second fresh air intake in the future. Other underground development of the Hollister Project is well advanced and includes a primary decline, drill lateral, crosscuts to the veins and initial drifting on veins, bulk sampling as well as underground exploration drilling, all completed in conjunction with feasibility study for the project which will be released in the next few days.

President and CEO Ferdi Dippenaar said: "We are pleased with the progress of the Hollister Project and see the receipt of the BLM approval as a major milestone in the development of a mine at Hollister. Staffing of the Hollister Project is advancing and the caliber of the individuals who have joined the Company in senior positions is a good indicator of the excellent progress being made by the management team."

Great Basin Gold has two advanced stage gold projects in two of the world's best gold environments. In addition to the Hollister Property on the Carlin Trend in Nevada, USA, the Company is developing the Burnstone Gold Project in South Africa's Witwatersrand Goldfield.

For more information on Great Basin and its projects, please visit the Company's website at www.grbasin.com or call Investor Services at [phone] or within North America at 1-800-667-2114.

Ferdi Dippenaar, President and CEO

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