Great Basin Gold Announces Revised Fourth Quarter and Full Year 2010 Earnings Date: THURSDAY, FEBRUARY 24, 2011

VANCOUVER, British Columbia, Feb. 22, 2011 /PRNewswire/ -- Great Basin Gold Ltd. ('Great Basin Gold' or 'the Company') (TSX: GBG; NYSE Amex: GBG; JSE: GBG) has announced that, due to the scheduled closure of its previously announced (press release dated February 2, 2011) public offering on February 23, the Company will now hold its Fourth Quarter and Full Year 2010 unaudited interim results conference call and webcast on Thursday, February 24, 2011 at 6:00am PST/ 09:00am EST/ 2:00pm GMT/ 4:00pm SAST.

The audited year end results filings will be available on SEDAR, EDGAR and SENS on or before March 31, 2011. A further announcement will be made related to said filing date.

  The conference call can be accessed using dial-
   in number:
             866.543.6408   (North America, toll-
             free),
            617.213.8899   (International),
            Access Code:   87097475

To ensure timely entry into the call, please dial in at least 15 minutes before start time. A live audio webcast of the conference call will also be available at: http://www.grtbasin.com/

A replay will be available one hour after the call for one full week ending at 11:59 pm EST on Wednesday, March 2, 2011. To access the replay, please dial: 888-286-8010 (North America, toll-free) or 617-801-6888 (International) using the Access Code: 10808129.

A transcript of the call will be available at your request by emailing: transcript@za.grtbasin.com

For conference call or other inquiries, please feel free to contact our investor relations team at the following numbers:

  Michael Curlook -Manager of IR and Corp
   Dev.                                     888-633-9332
  Tsholo Serunye in South Africa            27 (0)11-301-1800
  Barbara Cano at Breakstone Group in the
   USA                                      646-452-2334


  About Great Basin Gold

Great Basin Gold (TSX: GBG; NYSE Amex: GBG; JSE: GBG) is a mining company engaged in the exploration and development of gold properties. The Company is currently focused on bringing two mines into production in the world's two richest gold regions. The Hollister gold mine is located on the Carlin Trend in Nevada, USA and the Burnstone gold mine, is located in the Witwatersrand goldfield of South Africa.

No regulatory authority has approved or disapproved the information contained in this news release.

This release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address possible future commercial production, reserve potential, exploration drilling results, development, feasibility or exploitation activities and events or developments that Great Basin Gold expects to occur are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, geopolitical uncertainty, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange Commission and its home jurisdiction filings that are available at www.sedar.com.

Great Basin Gold Ltd.

CONTACT: Michael Curlook -Manager of IR and Corp Dev., 888-633-9332, or

Tsholo Serunye in South Africa, 27(0)11-301-1800; or Barbara Cano at

Breakstone Group in the USA, 1-646-452-2334

Web Site: http://www.grtbasin.com/