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GBG : TSX, NYSE Amex, JSE

www.grtbasin.com / gbgold.mobi

2009-11-16

GREAT BASIN FILES FINAL PROSPECTUS

November 13, 2009, Vancouver, BC - Great Basin Gold Ltd.

("Great Basin Gold" or the "Company"), (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces that it has filed a final prospectus in all Provinces of Canada relating to the offering of $110 million of convertible debentures ($126.5 million with over-allotment option) on Nov 12, 2009.

The prospectus updates financial and operational information and incorporates an amended executive compensation form for the year ended December 31, 2008.

Completion of the offering and commencement of trading of the Debentures on the TSX is targeted for market opening on Thursday November 19, 2009 subject to meeting TSX listing requirements and completion of customary closing documents.

Read more

Michael Curlook
IR Manager & Corporate Development
Toll Free: 1 888-633-9332

or

Tsholofelo Serunye
Investor Relations Officer
Office: +27 11 301 1800

or

Barbara Cano
Breakstone Group
Office: 1-646-452-2334

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