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Wed 16 Apr 2008, 10:00 GBG - Great Basin - Grant and acceptance of share
GBG
 GBG                                                                             
GBG - Great Basin - Grant and acceptance of share options by directors and      
officers of the company                                                         
GREAT BASIN GOLD LIMITED                                                        
(Incorporated in Canada and registered as an External Company in South Africa)  
(Registration No. 2006/021304/10)                                               
Share Code: GBG      ISIN Number: CA3901241057                                  
("Great Basin" or "the Company")                                                
GRANT AND ACCEPTANCE OF SHARE OPTIONS BY DIRECTORS AND OFFICERS OF THE COMPANY  
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE, the  
following information is disclosed in respect of the grant and acceptance of    
share options for Great Basin ordinary shares by the directors and officers of  
Great Basin on 4 April 2008:                                                    
Name                        Number   Strike  Value                              
                           awarded  price                                       
                                                                                

P R Cooke                   110 000  C$3.60  C$396 000                          
(Non-executive)                                                                 
D J Copeland                110 000  C$3.60  C$396 000                          
(Non-executive)                                                                 
T B Coughlan                110 000  C$3.60  C$396 000                          
(Non-executive)                                                                 
F Dippenaar                 660 000  C$3.60  C$2 376 000                        
(Chief Executive Officer)                                                       
D M S Elliot                110 000  C$3.60  C$396 000                          
(Non-executive)                                                                 
H W Kirk                    110 000  C$3.60  C$396 000                          
(Non-executive)                                                                 
S A Nkosi                   110 000  C$3.60  C$396 000                          
(Non-executive)                                                                 
W T Segsworth               135 000  C$3.60  C$486 000                          
(Non-executive)                                                                 
R W Thiessen                148 000  C$3.60  C$532 800                          
(Non-executive)                                                                 
W Beckmann                  220 000  C$3.60  C$792 000                          
(Company secretary)                                                             
D Mostert                   220 000  C$3.60  C$792 000                          
(Officer)                                                                       
J Oelofse                   330 000  C$3.60  C$1 188 000                        
(Chief Operating Officer)                                                       
L A van Vuuren              440 000  C$3.60  C$1 584 000                        
(Chief Financial Officer)                                                       
These share options have been granted in terms of the Great Basin Share Option  
Scheme.  The options expire on 4 April 2013.                                    
The transaction is classified as direct beneficial for all directors and        
officers.  The required prior written clearance for the grant and acceptance of 
these share options has been obtained.                                          
Johannesburg                                                                    
16 April 2008                                                                   
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 16/04/2008 10:00:21 Produced by the JSE SENS Department.                  
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