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Tue 24 May 2011, 11:09 GBG - Great Basin Gold Limited - Grant and acceptance of share options by
GBG
GBG                                                                             
GBG - Great Basin Gold Limited - Grant and acceptance of share options by       
Directors 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 of the company               
In compliance with rule 3.63 to 3.74 of the Listing Requirements, the following 
information is disclosed:                                                       
Non-executive director                  Philip Kotze                            
Company of which a director             Great Basin Gold                        
Transaction date                        5 May 2011                              
Class of securities                     Ordinary shares                         
Number of securities                    100 000                                 
Strike Price                            C$2.36                                  
Value of transaction                    C$236 000                               
Nature of transaction                   Grant and acceptance of share options   
                                       through the Great Basin Share Scheme     
Vesting period                          1/3 on 5 September 2011                 
                                       1/3 on 5 May 2012                        
                                       1/3 on 5 May 2013                        
Extent of interest                      Direct beneficial                       
Non-executive director                  Anu Dhir                                
Company of which a director             Great Basin Gold                        
Transaction date                        5 May 2011                              
Class of securities                     Ordinary shares                         
Number of securities                    100 000                                 
Strike Price                            C$2.36                                  
Value of transaction                    C$236 000                               
Nature of transaction                   Grant and acceptance of share options   
through the Great Basin Share Scheme     
Vesting period                          1/3 on 5 September 2011                 
                                       1/3 on 5 May 2012                        
                                       1/3 on 5 May 2013                        
Extent of interest                      Direct beneficial                       
Non-executive director                  Octavia Matloa                          
Company of which a director             Great Basin Gold                        
Transaction date                        5 May 2011                              
Class of securities                     Ordinary shares                         
Number of securities                    100 000                                 
Strike Price                            C$2.36                                  
Value of transaction                    C$236 000                               
Nature of transaction                   Grant and acceptance of share options   
                                       through the Great Basin Share Scheme     
Vesting period                          1/3 on 5 September 2011                 
                                       1/3 on 5 May 2012                        
1/3 on 5 May 2013                        
Extent of interest                      Direct beneficial                       
24 May 2011                                                                     
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 24/05/2011 11:09:01 Produced by the JSE SENS Department.                  
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