Poised to become a mid-tier gold producer

Great Basin Gold holds an 80% interest in an unincorporated joint venture with G S Minase Refnaria Limitade (“GSR”) in Mozambique. The purpose of the joint venture is to establish a gold exploration and mining business in Mozambique, whereby the Company will have the exclusive right to explore all GSR’s properties. Great Basin Gold manages the JV and is responsible for the day to day management of the exploration and other activities to be conducted.