Extension of Existing Debt Facility Secured

ASX, AIM and Media Release 5 December 2013 US$25 Million Extension of Existing Debt Facility Secured Base Resources Limited (ASX & AIM: BSE) ("Base") is pleased to advise that ithas executed documentation to extend its existing project finance facilityagreements by a further US$25 million (Additional Project Finance Facility). The Additonal Project Finance Facility will be used to increase the workingcapital buffer available during the ramp up phase of the Kwale Mineral SandsProject. The key terms of the Additonal Project Finance Facility are consistentwith the existing facility. Work to satisfy the conditions precedent toutilisation is well advanced and expected to be completed over the next monthor so with the principle CP's being: * Final approval of the operating licence for the Likoni Marine Terminal. * A report from the Lenders' Technical Advisor on the start of production, including confirmation that nothing has been identified that could substantially impede the ramp up of the processing plant. Together with the existing facility, the Additional Project Finance Facilitytakes the total debt facility to US$215 million with US$190 million drawn. A full PDF version of the announcement is available at the Company's website:www.baseresources.com.au. ENDS For further enquiries contact: Base Resources LimitedTim CarstensManaging DirectorEmail: [email protected]: +61 (0)8 9413 7400 RFC Ambrian Limited (Nominated Adviser and Broker)As Nominated Adviser As BrokerAndrew Thomson or Trinity McIntyre Jonathan WilliamsPhone: +61 (0)8 9480 2500 Phone: +44 20 3440 6800 Africapractice (East Africa) (Kenyan Media Relations)David Maingi/ James Njuguna/Joan KimaniPhone: +254 (0)20 239 6899Email: [email protected] Tavistock Communications (UK Media Relations)Jos Simson / Emily Fenton / Nuala GallagherPhone: +44 (0) 207 920 3150 Cannings Purple (Australian Media Relations)Annette Ellis / Warrick HazeldineEmail: [email protected]@canningspurple.com.auPhone: +61 (0)8 6314 6300 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 DirectorMichael Macpherson 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