As independent registered public accountants, we hereby consent to the use in this Registration Statement on the Post-Effective Amendment No. 2 to Form SB-2 of Wits Basin Precious Minerals Inc. of our report dated March 30, 2006, relating to the consolidated financial statements which appear in this Registration Statement. We also consent to the reference to our Firm under the caption “Experts” in this Registration Statement.

/s/ Carver Moquist & O’Connor, LLC

Minneapolis, Minnesota May 24, 2006