Notice of Change of Interest of Significant Shareholder

ASX, AIM and Media Release 14 October 2013 BASE RESOURCES LIMITED NOTICE OF CHANGE OF INTERESTS OF SIGNIFICANT SHAREHOLDER Base Resources Limited (ASX:BSE, AIM:BSE) ("Base" or the "Company") wishes toadvise that it has received notification from significant shareholder, L1Capital Pty Limited, advising that they currently hold interests in 43,604,398ordinary shares in Base representing 7.76% of the Company's issued sharecapital, following the disposal of 323,331 ordinary shares in Base on 8 October2013. The total holding above is an aggregate of interests held by National NomineesLimited (7,780,790 shares), State Street Australia Ltd (2,369,068 shares),Citigroup Nominees (6,184,715), JP Morgan Nominees Australia Ltd (25,025,594)and Credit Suisse (2,244,231). A full PDF version of this announcement is available at the Company's website: www.baseresources.com.au 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 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 DirectorTrevor Schultz Non-Executive DirectorMalcolm Macpherson 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 is an ASX and AIM listed (BSE) resources developer, witha portfolio of assets in Africa. Its flagship is the $305 million Kwale MineralSands Project in Kenya, East Africa.