GREAT BASIN GOLD LIMITED - GBG announces voluntary delisting from NYSE

Release Date: 16/01/2013 10:57
Code(s): GBG
 
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GBG announces voluntary delisting from NYSE

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
("the Company")

GREAT BASIN ANNOUNCES VOLUNTARY DELISTING FROM NYSE MKT


January 15, 2013 - Great Basin Gold Ltd. (the “Company”)    (NYSE
MKT:GBG;   JSE:GBG) previously reported in its news release dated
December 24, 2012, the Company intends to delist voluntarily its
common shares from NYSE MKT.    

Management’s belief is that under the Company’s current financial 
circumstances, it is not practicable for the Company to maintain 
a plan of compliance that would satisfy NYSE MKT’s continued listing 
requirements.    As such, the Board of Directors of the Company 
determined that it is in the best interests of the Company to delist 
voluntarily the Company's common stock from NYSE MKT.    

In connection therewith, the Company formally notified NYSE MKT on 
January 15, 2013 of the Company’s intention to file a Form 25 - 
Notification of Removal from Listing and/or Registration under 
Section 12(b) of the Securities Exchange Act of 1934, as amended, 
with the SEC on or about January 25, 2013.   

The Company expects that the delisting will take effect on
or about February 4, 2013.    The Company has not arranged for
listing and/or registration of its common shares on another
national securities exchange or for quotation of its common shares
in a quotation medium (as defined in Exchange Act Rule 15c2-11).

For additional details on Great Basin Gold Ltd. and its gold
properties, please visit the Company’s website at www.grtbasin.com
or contact Ray Dombrowski, Great Basin CEO or Peter Gibson, Great
Basin CFO care of Alvarez & Marsal Canada ULC. email:
rdombrowski@alvarezandmarsal.com.

For further information on Great Basin Gold, investors should
review the Company’s annual Form 40-F filing with the United
States Securities and Exchange Commission www.sec.com and home
jurisdiction filings that are available at www.sedar.com.


Johannesburg
16 January 2013
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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