Great Basin Gold Files Audited Annual Financial Statements and MD&A for the Year Ended December 31, 2009

VANCOUVER, March 23 /PRNewswire-FirstCall/ - Great Basin Gold Ltd. ("Great Basin Gold" or the "Company") (GBG: TSX; GBG: NYSE Amex; GBG: JSE) announces that it has filed its audited financial results and Managements' Discussion and Analysis for the year ended December 31, 2009. The filing will be available on SEDAR (Canada), EDGAR (USA) and SENS (South Africa) before TSX market open on Tuesday March 23, 2010. The audited results are consistent with the unaudited results released on February 25, 2010. The filing is also available on the Company's website www.grtbasin.com.

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

SOURCE Great Basin Gold Ltd.