Change in Significant Shareholding

AIM Release 12 November 2014 CHANGE IN SIGNIFICANT SHAREHOLDING Base Resources Limited (ASX & AIM: BSE) ("Base") wishes to advise thatsignificant shareholder Acorn Capital Limited (and its associated companies)today lodged a notice that its shareholding in Base had changed to 7.64%(43,058,919 Shares) on 11 November 2014. The total holding is an aggregate of interests held by a number of relatedparties and registered with a number of holders. Full details can be found onthe notice which was lodged on the ASX today and which can be found atwww.asx.com.au or the Company's website at www.baseresources.com.au. ENDS For further enquiries contact: Base Resources LimitedWinton WilleseeCompany SecretaryEmail: [email protected]: +61 (0)8 9413 7400 RFC Ambrian Limited (Nominated Adviser and Broker)As Nominated Adviser As BrokerAndrew Thomson or Trinity McIntyre Jonathan WilliamsPhone: +61 (0)8 9480 2500 Phone: +44 20 3440 6800 Corporate Details: Board of Directors:Andrew King Non-Executive ChairmanTim Carstens Managing DirectorColin Bwye Executive DirectorSam Willis Non-Executive DirectorMichael Anderson Non-Executive DirectorTrevor Schultz Non-Executive DirectorMalcolm Macpherson Non-Executive DirectorWinton Willesee Company Secretary Principal & Registered Office: Contacts:Level 1 Email: [email protected] Kings Park Road Phone: +61 (0)8 9413 7400West Perth Fax: +61 (0)8 9322 8912WA 6005