Change of Interests of Substantial Shareholder

ASX, AIM and Media Release 21 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 in94,482,647 ordinary shares in Base representing 16.8% of the Company's issuedshare capital, following the on market net acquisition of 11,038,359 ordinaryshares during the period 8 April 2015 to 22 April 2015 at prices between A$0.12and A$0.14 per ordinary share, since its last notification on 1 April 2015. 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: Base Resources LimitedTim CarstensManaging DirectorPhone: +61 (0)8 9413 7400 RFC Ambrian Limited (Nominated Adviser and Broker)As Nominated Adviser As BrokerAndrew Thomson Jonathan Williams and John van EeghenPhone: +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 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