Great Basin Gold announces that its interim consolidated financial statements and Management Discussion and Analysis for the quarter ended March 31, 2012 have been filed, and the Company refers the reader to those materials for further information.

Great Basin Gold will hold its Q1 2012 results conference call and webcast on Tuesday, May 15, 2012 at 6:00 am PDT/ 09:00 am EDT/ 2:00 pm BST/ 3:00 pm SAST.

Great Basin Gold announces that RBC Capital Markets, on behalf of the underwriters has exercised the underwriters’ over-allotment option to purchase an additional 10,005,000 common shares at $0.75 per common share and 5,002,500 warrants at a price of $0.90 per warrant, for gross proceeds to the Company of $7,503,750.