Change of Interests of Substantial Shareholder

ASX, AIM and Media Release 9 March 2015 NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL SHAREHOLDER Base Resources Limited (ASX & AIM: BSE) ("Base") wishes to advise that it hasreceived notification from substantial shareholder, Sustainable Capital Ltd,advising that it currently holds an interest in 70,590,522 ordinary shares inBase representing 12.52% of the Company's issued share capital, following theacquisition of 13,000,000 ordinary shares on 5 March 2015. A full version of 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