Takeover Offer for World Titanium Resources Opens

ASX, AIM and Media Release 6 January 2015 BASE RESOURCES LIMITED Takeover Offer for World Titanium Resources Limited Opens Base Resources Limited (ASX & AIM: BSE) ("Base" or the "Company") is pleased toadvise that its bidders statement in respect of the previously announcedoff-market takeover offer ("Offer") for World Titanium Resources Limited (ASX:WTR) ("World Titanium") ("Bidders Statement") has today been dispatched toWorld Titanium shareholders. The Offer is now open for acceptances. Base notes the recommendation of the Board of World Titanium that theirshareholders reject the Offer. However, the Directors of Base continue tobelieve there are compelling reasons to accept the Offer and encourage WorldTitanium shareholders to read the Bidders Statement carefully. Base intends toengage directly with the World Titanium shareholders holding substantialinterests to encourage their support for the successful completion of theOffer. A full PDF version of this announcement, the notice of dispatch of the BiddersStatement and copies of the documents sent to the shareholders of WorldTitanium are available on the Company's website at www.baseresources.com.au. For further enquiries contact: Base Resources LimitedTim CarstensManaging DirectorPhone: +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)Michael Vaughan / 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 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 Fax: +61 (0)8 9322 8912WA 6005