Clarification

ASX, AIM and Media Release 3 June 2013 BASE RESOURCES LIMITED CLARIFICATION Base Resources Limited (ASX:BSE, AIM:BSE) ("BSE" or the "Company") notes it hasreceived queries from investors in relation to an announcement made byAdmiralty Resources NL (ASX: ADY) on 30 May 2013. The announcement refers to a `Base Resources Ltd'. BSE confirms that the company referred to in the announcement by ADY is not BSEand has no relationship to BSE. ENDS For further enquiries contact: Winton WilleseeDirector and Company SecretaryEmail: [email protected]: +61 (0)8 9413 7400 RFC Ambrian Limited (Nominated Adviser and Broker)As Nominated Adviser As BrokerAndrew Thomson or Trinity McIntyre Caspar Shand-KyddPhone: +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 DirectorTrevor Schultz Non-Executive DirectorWinton Willesee Non-Executive Director/ Company Secretary Principal & Registered Office: Contacts:Level 1 Email: [email protected] Kings Park Road Phone: (08) 9413 7400West Perth WA 6005 Fax: (08) 9322 8912 About Base Resources Base Resources Limited (ASX:BSE) is developing the world-class Kwale MineralSands Project in Kenya, East Africa. Kwale is a highly competitive project in asector with a forecast supply shortfall widely expected to emerge in the mediumterm. The Kwale Project represents an advanced development opportunity with allmaterial project approvals, permits and licenses required for developmentcurrently in place, funding in place and construction of all project elementsheading towards completion. The Project enjoys a high level of support from the Government of Kenya as wellas the local community and, located just 50km from Mombasa, Kenya's principalport facility, is well serviced by existing physical infrastructure. Importantly, two pilot plant operations at Kwale provide confidence inprocessing behaviour and indicate a suite of readily marketable products. TheProject's high value mineral assemblage and low stripping ratio result in aprojected revenue to cash cost ratio that would place Kwale in the top quartileof world producers. A realistic development time line should see the Kwale Project in production inthe second half of 2013.