Notice of Ceasing to be a Substantial Holder

AIM and Media Release 10 February 2015 BASE RESOURCES LIMITED NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER Base Resources Limited (ASX:BSE,AIM:BSE) ("Base" or the "Company") announcesthat following the closure of the off-market takeover bid ("Takeover Bid") byBase for World Titanium Resources Limited ABN 21 120 723 426 ("World Titanium")as announced on 23 December 2014, Base has delivered a Notice of Ceasing to bea Substantial Holder to the ASX in regard to the Company's current relevantinterest in World Titanium. The notification states that Base and its subsidiaries currently hold arelevant interest in 200,000 shares in World Titanium representing an interestof less than 5%. A full PDF version of the notice is available from www.asx.com.au and theCompany'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 DirectorMichael 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 Fax: +61 (0)8 9322 8912WA 6005