Great Basin Gold Ltd. Cl A (GBGLF)

Great Basin Gold Ltd is incorporated under the laws of the Province of British Columbia on March 19, 1986. Great Basin is a mining company engaged in the acquisition, exploration and development of precious metal deposits. The Company currently has two material projects, namely (a) the Hollister gold project, acquired in 1997, and which is located on the Carlin Trend goldfield in Nevada, USA and the other one (b) the Burnstone gold mine, acquired in 2002, and which is located in the Witwatersrand Basin goldfields in South Africa. At the Hollister Gold Project, an underground exploration, development and trial mining program is underway to test various mining techniques on the known gold vein system. At the Burnstone Mine, the Company has now completed development of an access decline, a vertical haulage shaft, metallurgical plant and other infrastructure needed for mining and processing of gold bearing ore found in wide horizontal Kimberley Reefs. The first designated mining area at Burnstone is currently being actively mined and additional gold resources are known to exist outside the first mining area. It faces strong competition from other mining companies in connection with exploration and the acquisition of properties producing, or capable of producing, base and precious metals. The Company's activities are subject to extensive federal, state and local laws and regulations governing environmental protection and employee health and safety.