VANCOUVER, March 17 /PRNewswire-FirstCall/ - Great Basin
Gold Ltd. ("Great Basin Gold" or the "Company") (TSX: GBG; NYSE
Amex: GBG; JSE: GBG) today announced that Standard and Poor's
(S&P) has added Great Basin Gold to its S&P/TSX Global Gold
Index as well as its S&P/TSX Global Mining Index, effective
before market open on Monday, March 22,
2010.
"This is a very positive development for Great Basin Gold that
complements our listing in the S&P/TSX Composite Index, and the
S&P/TSX Small Cap Index," commented Ferdi Dippenaar, President and CEO. "Our
inclusion is also testament to our Company's value and recognition
of the significant progress and growth we have achieved thus
far."
S&P/TSX Global Gold Index is designed to be a dynamic
international benchmark, tracking the world's leading gold
companies, and aims to offer investors broad exposure to the
world's gold markets. Listed securities eligible for inclusion in
the index must meet certain criteria including market
capitalization and the liquidity of its stock relative to other
stocks in the index. Great Basin Gold has met all of the
criteria.
About the S&P/TSX Composite Index
---------------------------------
Introduced in 1977, the S&P/TSX Composite is the headline
index and the principal broad-market measure for Canadian Equity
markets. It includes common stock and income trust units and serves
as the benchmark for the majority of Canadian pension funds and
mutual funds. With approximately 95% coverage of the Canadian
equities market, it is the primary gauge for Canadian-based,
Toronto Stock Exchange listed companies.
About the S&P/TSX Global Mining Index
-------------------------------------
The S&P/TSX Global Mining Index is a premier international
benchmark tracking the world's leading mining companies. It aims to
offer investors the full spectrum of exposure to the world's mining
markets by providing an investable representative index of
publicly-traded international mining companies.
About the S&P Small Cap Index
-----------------------------
The S&P/TSX SmallCap index provides an investable index for
the Canadian small cap market. It includes common stock and income
trust units, and is calculated in real-time. The index is also the
basis for the S&P/TSX Equity SmallCap index, which is
calculated end-of-day and excludes income trusts. The S&P/TSX
SmallCap index is calculated and managed by Standard &
Poor's.
No regulatory authority has approved or disapproved the
information contained in this news release.
SOURCE Great Basin Gold Ltd.