Change of Interests of Substantial Shareholder

ASX, AIM and Media Release 1 April 2015 NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL SHAREHOLDER Base Resources Limited (ASX & AIM: BSE) ("Base" or the "Company") wishes toadvise that it has received notification from substantial shareholder, TaurusSM Holdings Pty Limited, advising that it currently holds an interest in83,444,288 ordinary shares in Base representing 14.85% of the Company's issuedshare capital, following the on market net acquisition of 26,593,073 ordinaryshares during the period 15 June 2012 to 1 April 2015 at prices of between$0.12 and $0.40 per ordinary share, since its last notification on 4 June 2012. 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