VANCOUVER,
May 16 /PRNewswire-FirstCall/ - Great
Basin Gold Ltd. ("Great Basin" or the "Company"), (TSX: GBG) (NYSE
Amex: GBG) (JSE: GBG) today announced the appointment to the Board
of three new Directors to its Board and one new director to the
Board of its subsidiary, all effective May
5, 2011.
ANU DHIR holds a Bachelor of Arts degree
from the University of Toronto, Canada,
and a law degree (Juris Doctor) from Quinnipiac University, Connecticut, USA. She was called to the
Connecticut bar in 1995. Anu has
extensive experience in private equity and publicly-held companies
in the mining, oil and gas and technology sectors. She most
recently served as Vice President Corporate Development and Company
Secretary at Katanga Mining Limited, a TSX-listed company, and is
currently Managing Director of Miniqs Limited, a private group
primarily interested in resource projects that have the capability
to grow into major producing operations.
OCTAVIA M. MATLOA is a registered accountant
and auditor with the South African Institute of Accountants and the
Independent Regulatory Board of Auditors respectively. She studied
for her BCom, majoring in Accounting and Economics at the
University of Cape Town; and B.Com
(Hons) and CTA at the University of Pretoria. Octavia is a shareholder and
director of Tsidkenu Chartered Accountants Inc., Jireh Holdings,
Mukundi Mining Resources, Bokkies Transport, the Vibe Group;
and Nissy Holdings. In addition she has been appointed by
court as the first woman curator in the insurance industry. She
served/serves on a number of public sector audit committees and has
also won the 2010 Businesswoman of the year Van Ryn's Black
Business Quarterly Awards.
Mametja Moshe holds a B.Com Hons (Accounting) degree from the
University of Kwazulu Natal and is a qualified chartered accountant
registered with the South African Institute of Accountants. She
brings a wealth of financial knowledge having worked in the mergers
and acquisitions teams of international banks focusing on mining
and telecommunication companies. She has been appointed to the
board of Southgold Exploration (Pty) Ltd., the wholly owned
subsidiary of Great Basin Gold, and operator of the Burnstone Mine
in South Africa.
PHILIP KOTZE
is a mining engineer with over 30 years of experience in the mining
industry, including both operations and executive positions at
AngloGold Limited, Kalahari Goldridge Mining Company Limited and
Harmony Gold Mining Company Limited. A graduate of the University
of the Witwatersrand with a Graduate Diploma in Engineering (Mining
Economics), Mr Kotze also holds a National Higher Diploma in
Metalliferous Mining (WITS Technikon) as well as qualifications in
Industrial Relations and Management from the University of
South Africa.
Ronald Thiessen.
Great Basin Gold Chairman commented: "On behalf of the Board, I
would like to welcome our new members to Great Basin and Southgold,
our operating subsidiary in South Africa. As you can see our
new Board members bring a breadth and depth of skills, knowledge
and experience which will be instrumental in providing guidance to
our management and representing our shareholders. Together we
look forward to a very exciting future as Great Basin Gold
transitions to production and a quality mid-tier gold
producer."
Great Basin Gold is a mining company engaged in the
exploration and development of gold properties. The Company is
currently focused on its two emerging mines in the world's two
richest gold regions. The Hollister gold mine is located on the
Carlin Trend in Nevada, USA and
the Burnstone gold mine is located in the Witwatersrand Basin
goldfield of South Africa.
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.
SOURCE Great Basin Gold Ltd.