New Significant Shareholder

ASX, AIM and Media Release 28 November 2014 BASE RESOURCES LIMITED NEW SIGNIFICANT SHAREHOLDER Base Resources Limited (ASX:BSE, AIM:BSE) ("Base" or the "Company") is pleasedto advise that Sustainable Capital Ltd has today notified the Company that itbecame a significant shareholder on 27 November 2014 and currently holdsinterests in 30,047,935 ordinary shares in Base representing 5.35% of theCompany's issued share capital. A full PDF version of the announcement lodged by Sustainable Capital Ltd isavailable at www.asx.com.au and will also be available from the Company'swebsite at www.baseresources.com.au. For further enquiries contact: Winton WilleseeCompany SecretaryEmail: [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 (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 DirectorWinton Willesee Company Secretary Principal & Registered Office: Contacts:Level 1 Email: [email protected] Kings Park Road Phone: +61 (0)8 9413 7400West Perth WA 6005 Fax: +61 (0)8 9322 8912