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Trading symbols: TSX: GBG / AMEX: GBN / JSE: GBGOLD

www.grtbasin..com / gbgold.mobi

Dear

2008-09-03

GREAT BASIN GOLD ANNOUNCES ADDITIONAL HIGH GRADE INTERCEPTS IN THE NEWLY DISCOVERED HATTER GRABEN VEIN SYSTEM AT HOLLISTER PROJECT

September 3, 2008, Vancouver, BC - Great Basin Gold Ltd. (TSX: GBG; AMEX: GBN; JSE: GBG) (Great Basin or the Company), announces additional results from their surface exploration drill program at the Hollister Project in Nevada.  Additional high-grade intercepts are reported from their recently discovered Hatter Graben Vein System as well as the first two results from exploration undertaken in the South Velvet area.

Drill results show the Hatter Graben veins occur in a robust and wide east-west trending structural zone containing several sub-parallel bonanza-grade veins similar to the Gwenivere and Clementine vein systems that the Company is currently developing underground. Drilling to date targeted the vein system down-dip and along a strike length of 400 ft (122 m) to the west and 1500 ft (457 m) to the east from the initial drill holes (see news release dated June 23 2008).

Read more on our web site...

Tsholofelo Serunye
Great Basin Gold : Investor Relations Officer
Office: +27 11 301 1800
Fax: +27 11 301 1840
tsholos@gbgold.co.za

or

Michael Curlook
Great Basin Gold : IRO and Corporate Development
Office: +1 604 633 9113
TF: 1-888-633-9332
Fax: +1 604 633 0190
michaelc@gbgold.co.za

or

Barbara Cano
Office: +1 646 452 2334
Fax: +1 646 452 2331
bcano@breakstone-group.com