Great Basin Gold Ltd. (Great Basin Gold or the Company) (TSX: GBG)(AMEX: GBN)(JSE: GBG) will hold its third quarter 2008 earnings conference call and webcast on Wednesday, November 12, 2008 at 7:00 a.m. PST/ 10:00 a.m. US EST/ 3:00 p.m. GMT London time/ 5:00 p.m. SAST. The earnings press release for the third quarter 2008 will be issued on the same day, Wednesday, November 12, at 5:00 a.m. PST.

The conference call can be accessed using dial-in number: 866-356-3093 (US:US), 617-597-5381 (international) Passcode: 24613809. To ensure timely entry into the call, please dial in at least 20 minutes before start time. A live webcast of the conference call will also be available at: www.grtbasin.com.

A Replay will be available starting Wednesday, November 12, 2008 at 11:00 a.m. and ending at 11:59 p.m. EST on November 19, 2008. The replay is accessible by dialing 888-286-8010 (US:US) or 617-801-6888 (international) and entering the passcode: 59583936.The webcast replay will be available through the end of the day on November 19, 2008.

RSVP to Barbara Cano at Breakstone Group, Fax: 646-452-2331, or bcano@breakstone-group.com.

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

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.