Gold Basin Resources Corporation announced the appointment of Mr. Monty Sutton as Chief Financial Officer ("CFO") and Mr. Stephen Pearce as Corporate Secretary of the Company. Monty Sutton brings more than 35 years of experience in public markets, corporate governance, senior administration and accounting and has served on the management teams and boards for many private and publicly traded companies. Starting on the trade floor of the Vancouver Stock Exchange in 1987, Mr. Sutton worked most of his career as an Investment Advisor, Equities Trader, and Insurance Specialist with PI Financial Corp.

During this time he focused on the resource exploration industry and participated in raising over CAD 100 million while managing over 1,500 client accounts. Mr. Sutton then served as CFO for Exploits Discovery Corp. and Corporate Development Manager with eCobalt Solutions as it completed a base shelf prospectus for $100-million, raising over $30-million for the development of its Idaho cobalt project.

Prior to joining PI in 1997 Mr. Sutton was a Senior Management Accountant with MacMillan Bloedel. In connection with the appointments of Messrs. Sutton and Pearce, the Company also announces that Kevin Lynn has resigned as the CFO and Corporate Secretary of the Company.

Kevin will serve as an advisor to the Company initially to ensure a smooth transition.