Great Basin Gold Ltd.
TSX : GBG
AMEX : GBN
JSE : GBGOLD

Great Basin Gold Ltd.

January 25, 2008 11:54 ET

Great Basin Gold's Burnstone Mine Project Unaffected by Power Interruptions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2008) - Great Basin Gold Ltd ("Great Basin" or the "Company") (TSX:GBG)(AMEX:GBN)(JSE:GBGOLD) announced that its operations were unaffected by the power supply interruption problems currently being experienced in South Africa.

The mine development project took precautionary measures by installing a generator and associated infrastructure which will be sufficient to supply standby power for the activities associated with the project development for the next 12 months.

During this time the consistency of power supply will be evaluated and if need be additional back-up equipment will be installed.

President and CEO Ferdi Dippenaar said:

"We are in the fortunate situation where we are developing mining infrastructure that due to the shallow nature thereof, would not require the type of electricity supply normally associated with deep level mining in South Africa. In addition, we plan to, as far as possible, design and develop the mine to be power efficient."

For additional details on Great Basin and its gold properties, please visit the Company's website at www.grtbasin.com or contact Investor Services.

Ferdi Dippenaar, President and CEO

Cautionary and Forward Looking Statement Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address possible future commercial production, reserve potential, exploration drilling results, development, feasibility or exploitation activities and events or developments that Great Basin ("the Company") expects to occur are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's annual Form 20-F filing with the United States Securities Commission and its home jurisdiction filings that are available at www.sedar.com.

No regulatory authority has approved or disapproved the information contained in this news release.

Contact Information

  • Great Basin Gold Ltd.- South Africa
    Tsholo Serunye
    27 11 301 1800
    or
    Great Basin Gold Ltd. - North America
    Melanee Henderson
    1-800-667-2114
    Website: www.grtbasin.com
    or
    Breakstone Group - USA
    Barbara Cano
    (646) 452-2334