VANCOUVER, June 22 /PRNewswire-FirstCall/ -- Great Basin Gold Ltd. ("Great Basin Gold" or the "Company") (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces that Standard and Poor's has added Great Basin Gold to its S&P/TSX Composite Index within its "Materials" GICS sector index, effective before market open today Monday, June 22, 2009. "We are honored to be recognized among some of the foremost materials companies in North America and to be one of the few mining companies represented in the S&P/TSX Composite Index", commented Ferdi Dippenaar, President and CEO. "This distinction is a result of the dedication and hard work by our teams in South Africa and in Nevada. We look forward to further success in the future ahead." Ferdi Dippenaar President and CEO No regulatory authority has approved or disapproved the information contained in this news release. About the S&P/TSX Composite 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. Constituents of the S&P/TSX Composite Index are also members of either the S&P/TSX Equity indices (the S&P/TSX Equity or the S&P/TSX Equity Completion) or the suite of indices which include income trusts (S&P/TSX Income Trust, S&P/TSX Capped REIT, The S&P/TSX Capped Energy Trust, the S&P/TSX 60, or the S&P/TSX Completion), or both. With approximately 95% coverage of the Canadian equities market, it is the primary gauge for Canadian-based, Toronto Stock Exchange listed companies. About Great Basin Gold Great Basin Gold is an international mining company with two gold projects in the development stage: Hollister on the Carlin Trend in Nevada and Burnstone in the Witwatersrand Basin. DATASOURCE: Great Basin Gold Ltd. CONTACT: on Great Basin Gold Ltd. and its gold properties, please visit the Company's website at http://www.grtbasin.com/; or contact Investor Services: Michael Curlook in North America, 1-888-633-9332; Tsholo Serunye in South Africa, +27 (0)11 301-1800; Barbara Cano at Breakstone Group in the USA, (646) 452-2334

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