Change of Interests of Significant Shareholder

ASX, AIM and Media Release 10 March 2015 NOTICE OF CHANGE OF INTERESTS OF SIGNIFICANT SHAREHOLDER Base Resources Limited (ASX & AIM: BSE) ("Base") wishes to advise that it hasreceived notification today from four associated shareholders being, FrontdealLtd, Unifirm Ltd, OOO "Kapital" and Alexey Mordashov, advising that togetherthey hold an interest in 43,140,420 ordinary shares in Base representing 7.65%of the Company's issued share capital, following the net acquisition of12,428,499 ordinary shares during the period 19 April 2013 to 6 March 2015 atprices of between A$0.09 and A$0.33 per ordinary share. The previous notification from this group of associated shareholders was lodgedunder the banner of Aterra Investments Ltd. A full version of the notice received by the Company is available fromwww.asx.com.au and at the Company's website: www.baseresources.com.au. ENDS For further enquiries contact: Tim CarstensManaging DirectorEmail: [email protected]: +61 (0)8 9413 7400 RFC Ambrian Limited (Nominated Adviser and Broker)As Nominated Adviser As BrokerAndrew Thomson or Stephen Allen Jonathan WilliamsPhone: +61 (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 DirectorMike Stirzaker Non-Executive DirectorMalcolm Macpherson Non-Executive DirectorKeith Spence 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