Change of Interests of Significant Shareholder

ASX, AIM and Media Release 18 December 2014 NOTICE OF CHANGE OF INTERESTS OF SIGNIFICANT SHAREHOLDER Base Resources Limited (ASX & AIM: BSE) ("Base") wishes to advise that it hasreceived notification from significant shareholder, Sustainable Capital Ltd,advising that it currently holds an interest in 53,590,522 ordinary shares inBase representing 9.50% of the Company's issued share capital, following theacquisition of 6,738,721 ordinary shares today. A full version of the notice received by the Company is available at the Company'swebsite: 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 Trinity McIntyre 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 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