Great Basin Gold Poised To Become Mid-Tier Producer 

VANCOUVER - Great Basin Gold Ltd, reported that the Company has entered into an ore purchase agreement with Newmont Mining Ltd to sell up to a maximum of 50,000 ore tons, but not less than 35,000 ore tons, currently stockpiled at the Hollister property. The Company plans to immediately send 40,000 tons in terms of this agreement. At April 11 2010, the stockpile comprised approximately 51,000 wet tons containing an estimated 49,000 gold equivalent ounces.

In terms of the agreement, Newmont will settle 75% of the estimated value of the ore within 5 days after delivery at a fixed metal price of US$1,000/oz for gold (Au) and US$17/oz for silver (Ag). The outstanding amount will be settled once all metal has been crushed and final assays received. The Company expects to recover approximately 28,000 Au eqv oz with estimated net proceeds of US$26.3 million in terms of this agreement. The Company also had its first gold pour at its Esmeralda Mill near Hawthorne Nevada, on April 14. The Esmeralda Property, purchased in late 2008, includes a land package with historical underground and surface mining in addition to a process mill. The mill had been on care and maintenance for a number of years. Over the past twelve months, the Company has undertaken extensive refurbishing. Good progress has been made with the latest changes to the process facility, notably the conversion of the Carbon-In-Pulp section to a Carbon-In-Leach circuit; these changes have seen recoveries increasing to 92% for Au and 83% for Ag. Rodeo Creek Gold Inc. a wholly owned subsidiary of Great Basin, has received confirmation from the Bureau of Land Management (BLM) that the Notice of Intent (NOI) to prepare an Environmental Impact Statement (EIS) for the Hollister Project was published in the Federal Register (FR). The NOI is a public notification of the BLM's intent to prepare an EIS for the Hollister Project to take the project from an exploration and bulk sampling status to full production status. The FR notice briefly describes the project and also serves as notification of the public scoping meetings, which are tentatively planned for early May. Ferdi Dippenaar, President and CEO, commented: The management team at our Hollister and Esmeralda operations in Nevada continue to make good progress in delivering what is probably one of the most interesting gold projects in that region. The publication of the NOI was within the time frame anticipated by the Company. While waiting for the NOI process to be completed, Rodeo Creek, in conjunction with the third-party EIS contractor and the BLM, was actively gathering information, developing various field survey protocols and a groundwater hydrology model, as well as drafting the first two chapters of the EIS. The company's address is 1108- 1030 West Georgia Street, Vancouver BC, V6E 2Y3, (604) 633-9113, fax: (604) 633-0190.