GBG - Great Basin Gold Limited - Directors dealing in securities

GBG - Great Basin Gold Limited - Directors dealing in securities                
GREAT BASIN GOLD LIMITED                                                        
(Incorporated in Canada and registered as an External Company in South          
Africa)                                                                         
(Registration No. 2006/021304/10)                                               
Share Code: GBG      ISIN Number: CA3901241057                                  
("Great Basin" or "the Company")                                                
DIRECTORS DEALING IN SECURITIES                                                 
In compliance with rule 3.63 to 3.74 of the JSE Limited Listing Requirements,   
the following information is disclosed:                                         
Director:                    Ferdinand Dippenaar                                
Company:                     Great Basin                                        
Date of Transaction:         22 August 2011                                     
Class of Security:           Ordinary shares                                    
Nature of transaction:       Exercise of share options                          
Number of shares :           254,800                                            
Price per option granted:    CAD $1.25                                          
Average price per share      CAD $2.00                                          
sold                                                                            
Total value:                 CAD $191,100 (CAD $509,600 - CAD                   
                            $318,500 back to Treasury)                          
Vesting period:              2 Years (Granted 11 December 2008 -                
                            Vesting date 11 December 2010)                      
Nature of Interest:          Share options granted by Company.                  
Market Intermediary:         BMO Nesbitt Burns Inc, Vancouver.                  
Confirmation of Clearance    As per Great Basin Gold Governance                 
                            Manual (see below):                                 


                            "No officer or director of the Company              
                            shall buy or sell equity securities of              
                            the Company during the period that                  
begins on the earlier of (a) the first              

                            day of the month in which annual or                 
                            quarterly financial results are to be               
                            released to the public or (b) the date              
on which the draft financial statements             

                            and/or management`s discussion and                  
                            analysis are first delivered to the                 
                            Company`s CFO, and ends one trading day             
after the public release of quarterly               

                            and annual financial results of the                 
                            Company.  The CFO shall promptly notify             
                            the officers and directors if the date              
of delivery of the draft financial                  

                            statements and/or management`s                      
                            discussion and analysis precedes the                
                            first day of the month that would                   
otherwise begin this blackout period".              

                                                                                
                            Trading Blackout was lifted by the                  
                            Company on August 17, 2011.                         
24 August 2011                                                                  
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 24/08/2011 09:30:01 Supplied by www.sharenet.co.za                     
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