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Great Basin Gold announces that the earthquake in Nevada has caused no disruptions at the Company's Hollister mine development project. Staff has inspected the site and there appears to be no damage.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2008) - Great Basin Gold Ltd. ("Great Basin" or the "Company") (TSX:GBG)(AMEX:GBN)(JSE:GBG) announces that the earthquake in Nevada has caused no disruptions at the Company's Hollister mine development project. Staff has inspected the site and there appears to be no damage.

According to the US Geological Survey, an earthquake with a preliminary magnitude of 6.3 occurred at 6:16 am PST this morning. The earthquake was centred in northeastern Nevada, on the border with the state of Utah, and approximately 94 miles or 152 kilometres from the Hollister Project.

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

Tsholo Serunye in South Africa                  27 11 301 1800
Melanee Henderson in North America              1 800 667-2114
Barbara Cano at Breakstone Group in the USA     (646) 452-2334

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 preliminary evaluations of conditions or future 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. For more information on the Company, Investors should review the Company's annual Form 20-F filing with the United States Securities and Exchange Commission and its home jurisdiction filings that are available at www.sedar.com.