Change of Interests of Substantial Shareholder

AIM Release 24 April 2015 CHANGE IN SUBSTANTIAL SHAREHOLDING Base Resources Limited (ASX & AIM: BSE) ("Base") wishes to advise thatsubstantial shareholder Acorn Capital Limited today lodged a notice of ceasingto be a substantial shareholder on the ASX, noting that their shareholding inBase had fallen below 5% after having disposed of 4,549,625 ordinary shares inBase on 21 April 2015 at an approximate price of A$0.11 per ordinary share. Based on the announcements made to the ASX today and the previous notice ofchange of interests of substantial shareholder announcements made to the ASX on17 April 2015, as far as Base is aware, Acorn Capital Limited currently holds26,432,382 shares in Base, representing 4.69% of the issued shares of theCompany. Full details can be found on the notices which were lodged on the ASX today andwhich can be found at www.asx.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