Retirement of Chairman and Change of Company Secretary

AIM and Media Release 20 May 2015 BASE RESOURCES LIMITED RETIREMENT OF CHAIRMAN AND CHANGE OF COMPANY SECRETARY Base Resources Limited (ASX & AIM: BSE) ("Base") wishes to advise that AndrewKing has retired as Chairman and Winton Willesee has retired as CompanySecretary of the company with effect from close of business on 19 May 2015. The retirements come as part of the ongoing evolution of Base as the companymoves into its next phase of development. Andrew and Winton have been Directorsand/or Company Secretary of Base since before its initial listing in 2008 andhave played a vital role in what has been a dynamic and transformational periodfor the company. The Board would like to thank Andrew and Winton for theirconsiderable efforts and wish both all the very best in their respective futureendeavours. Andrew is replaced as Chairman by Keith Spence who was appointed to the Boardon 20 February 2015. Keith brings a wealth of experience to the Board and therole of Chairman. Keith has over 30 years of experience in the oil & gasindustry with Shell and Woodside. He retired from Woodside in 2008 after14 years in senior executive roles including Chief Operating Officer and actingChief Executive. Keith is currently Non-Executive Chairman of GeodynamicsLimited as well as a Non-Executive Director of Oil Search Limited andIndependence Group NL. Keith was also Chairman of Clough Limited before itsacquisition in late 2013. Chadwick Poletti, Base's Group Legal Counsel, has been appointed CompanySecretary. A full PDF version of this release is available from www.asx.com.au and thecompany's website: www.baseresources.com.au. ENDS CORPORATE PROFILE DirectorsKeith Spence Non-Executive ChairmanTim Carstens Managing DirectorColin Bwye Executive DirectorSam Willis Non-Executive DirectorMichael Anderson Non-Executive DirectorMichael Stirzaker Non-Executive DirectorMalcolm Macpherson Non-Executive Director Company SecretaryChadwick Poletti NOMINATED ADVISOR & BROKERRFC Ambrian LimitedAs Nominated Adviser:Andrew Thomson / Stephen AllenPhone: +61 (0)8 9480 2500As Broker:Jonathan WilliamsPhone: +44 20 3440 6800 SHARE REGISTRY: ASXComputershare Investor Services Pty LimitedLevel 2, 45 St Georges TerracePERTH WA 6000Enquiries: 1300 850 505 / +61 (3) 9415 4000www.computershare.com.au SHARE REGISTRY: AIMComputershare Investor Services PLCThe PavilionsBridgwater RoadBRISTOL BS99 6ZZEnquiries: +44 (0) 870 702 0003www.computershare.co.uk AUSTRALIAN MEDIA RELATIONSCannings PurpleMichael Vaughan / Warrick HazeldineEmail: [email protected]@canningspurple.com.auPhone: +61 (0)8 6314 6300 UK MEDIA RELATIONSTavistock CommunicationsJos Simson / Emily Fenton / Nuala GallagherPhone: +44 (0) 207 920 3150 KENYA MEDIA RELATIONSAfricapractice (East Africa)David Maingi/ James Njuguna/Joan KimaniPhone: +254 (0)20 239 6899Email: [email protected] PRINCIPAL & REGISTERED OFFICELevel 1, 50 Kings Park RoadWest Perth WA 6005Email: [email protected]: +61 (0)8 9413 7400Fax: +61 (0)8 9322 8912