Great Basin

Posted by Staff Writer on Wednesday, July 1, 2009 at 7:47pm.

1030 West Georgia Street Suite 1108 Vancouver, bc V6E 2Y3 Canada

P.O. Box 78182 Sandton- 2146

Phone No.  27 11 3011800

Fax No. 27 11 884 1826

Chairman Ronald W. Thiessen

CEO or MD  Ferdinand Dippenaar

Name of External Affairs or Press Contact  Willem J.P. Beckmann

Great Basin is in the business of acquiring interests in, and exploring and developing precious metals deposits. For the past four years, Great Basin has focused on two advanced stage gold projects: the Hollister Property on the Carlin Trend in Nevada, USA, where underground exploration and development has been underway on a portion of the property called the Hollister Development Block (“HDB”) and also at the Burnstone Project in the Witwatersrand goldfield in South Africa. Feasibility studies have been completed on both projects, and they are in the underground access and pre-development phase. Historically, Great Basin has had annual interest revenue as a consequence of investing surplus funds pending the completion of exploration programs. The Company started generating limited revenue from metallurgical bulk samples from the HDB on the Hollister Property that were shipped and treated at local toll milling facilities in 2007.