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Thu 31 Mar 2011, 10:01 GBG - Great Basin Gold Limited - Dealings in securities by directors and company
GBG
GBG                                                                             
GBG - Great Basin Gold Limited - Dealings in securities by directors and company
secretary                                                                       
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")                                                
DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY                       
In compliance with rule 3.63 to 3.74 of the Listing Requirements, the following 
information is disclosed:                                                       
Director:                    T. Barry Coughlan                                  
Company:                     Great Basin Gold Ltd                               
Date of Transaction:         3 March 2011                                       
Class of Security:           Ordinary shares                                    
Nature of transaction:       Issue of share options                             
Number of share options:     100,000                                            
Price per option granted:    CAD $2.46.                                         
                                                                                
Total value:                 CAD246,000 @ ZAR7.00 = ZAR 1,722,000               
Gross                                               
Vesting period:              Expiring February 8, 2016.                         
Nature of Interest:          Share options                                      
Market Intermediary:         Issued in Canada                                   
Confirmation of Clearance    Approved by the Compensation Committee             
                            and the Board of Directors                          
Director:                    Joshua C. Ngoma                                    
Company:                     Great Basin Gold Ltd                               
Date of Transaction:         3 March 2011                                       
Class of Security:           Ordinary shares                                    
Nature of transaction:       Issue of share options                             
Number of share options:     100,000                                            
Price per option granted:    CAD $2.46.                                         
                                                                                
Total value:                 CAD246,000 @ ZAR7.00 = ZAR 1,722,000               
                            Gross                                               
Vesting period:              Expiring February 8, 2016.                         
Nature of Interest:          Share options                                      
Market Intermediary:         Issued in Canada                                   
Confirmation of Clearance    Approved by the Compensation Committee             
and the Board of Directors                          
Director:                    H. Wayne Kirk                                      
Company:                     Great Basin Gold Ltd                               
Date of Transaction:         3 March 2011                                       
Class of Security:           Ordinary shares                                    
Nature of transaction:       Issue of share options                             
Number of share options:     100,000                                            
Price per option granted:    CAD $2.46.                                         

Total value:                 CAD246,000 @ ZAR7.00 = ZAR 1,722,000               
                            Gross                                               
Vesting period:              Expiring February 8, 2016.                         
Nature of Interest:          Share options                                      
Market Intermediary:         Issued in Canada                                   
Confirmation of Clearance    Approved by the Compensation Committee             
                            and the Board of Directors                          
Director:                    David M.S. Elliott                                 
Company:                     Great Basin Gold Ltd                               
Date of Transaction:         3 March 2011                                       
Class of Security:           Ordinary shares                                    
Nature of transaction:       Issue of share options                             
Number of share options:     100,000                                            
Price per option granted:    CAD $2.46.                                         
                                                                                
Total value:                 CAD246,000 @ ZAR7.00 = ZAR 1,722,000               
                            Gross                                               
Vesting period:              Expiring February 8, 2016.                         
Nature of Interest:          Share options                                      
Market Intermediary:         Issued in Canada                                   
Confirmation of Clearance    Approved by the Compensation Committee             
                            and the Board of Directors                          
Director:                    Patrick R. Cooke                                   
Company:                     Great Basin Gold Ltd                               
Date of Transaction:         3 March 2011                                       
Class of Security:           Ordinary shares                                    
Nature of transaction:       Issue of share options                             
Number of share options:     100,000                                            
Price per option granted:    CAD $2.46.                                         
                                                                                
Total value:                 CAD246,000 @ ZAR7.00 = ZAR 1,722,000               
Gross                                               
Vesting period:              Expiring February 8, 2016.                         
Nature of Interest:          Share options                                      
Market Intermediary:         Issued in Canada                                   
Confirmation of Clearance    Approved by the Compensation Committee             
                            and the Board of Directors                          
Director:                    Ferdinand Dippenaar                                
Company:                     Great Basin Gold Ltd                               
Date of Transaction:         3 March 2011                                       
Class of Security:           Ordinary shares                                    
Nature of transaction:       Issue of share options                             
Number of share options:     650,000                                            
Price per option granted:    CAD $2.46.                                         
                                                                                
Total value:                 CAD1,599,000 @ ZAR7.00 = ZAR11,193,000             
                            gross                                               
Vesting period:              Expiring February 8, 2016.                         
Nature of Interest:          Share options                                      
Market Intermediary:         Issued in Canada                                   
Confirmation of Clearance    Approved by the Compensation Committee             
and the Board of Directors                          
Director:                    Ronald W. Thiessen                                 
Company:                     Great Basin Gold Ltd                               
Date of Transaction:         3 March 2011                                       
Class of Security:           Ordinary shares                                    
Nature of transaction:       Issue of share options                             
Number of share options:     125,000                                            
Price per option granted:    CAD $2.46.                                         

Total value:                 CAD307500 @ ZAR7.00 = ZAR2,152,500                 
                            gross                                               
Vesting period:              Expiring February 8, 2016.                         
Nature of Interest:          Share options                                      
Market Intermediary:         Issued in Canada                                   
Confirmation of Clearance    Approved by the Compensation Committee             
                            and the Board of Directors                          
Director:                    Gert J. Robbertze                                  
Company:                     Great Basin Gold Ltd                               
Date of Transaction:         3 March 2011                                       
Class of Security:           Ordinary shares                                    
Nature of transaction:       Issue of share options                             
Number of share options:     100,000                                            
Price per option granted:    CAD $2.46.                                         
                                                                                
Total value:                 CAD246,000 @ ZAR7.00 = ZAR 1,722,000               
                            gross                                               
Vesting period:              Expiring February 8, 2016.                         
Nature of Interest:          Share options                                      
Market Intermediary:         Issued in Canada                                   
Confirmation of Clearance    Approved by the Compensation Committee             
                            and the Board of Directors                          
Company Secretary:           Willem Johannes Petrus Beckmann                    
Company:                     Great Basin Gold Ltd                               
Date of Transaction:         3 March 2011                                       
Class of Security:           Ordinary shares                                    
Nature of transaction:       Issue of share options                             
Number of share options:     300,000                                            
Price per option granted:    CAD $2.46.                                         
                                                                                
Total value:                 CAD738,000 @ ZAR7.00 = ZAR5,166,000                
gross                                               
Vesting period:              Expiring 8 February 2014.                          
Nature of Interest:          Share options                                      
Market Intermediary:         Issued in Canada                                   
Confirmation of Clearance    Approved by the Compensation Committee             
                            and the Board of Directors                          
31 March 2011                                                                   
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 31/03/2011 10:01:41 Produced by the JSE SENS Department.                  
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