Change of Interest of Substantial Shareholder

ASX, AIM and Media Release 17 April 2015 NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL SHAREHOLDER Base Resources Limited (ASX & AIM: BSE) ("Base") wishes to advise that it hasreceived notification from substantial shareholder, Acorn Capital Limited,advising that it currently holds an interest in 30,982,007 ordinary shares inBase representing 5.49% of the Company's issued share capital, following atotal net disposal of 12,076,912 ordinary shares between 6 March 2015 and 16April 2015. A full version of notice received by the Company is available fromwww.asx.com.au and at the Company's website: www.baseresources.com.au. ENDS 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 Jonathan Williams and John van EeghenPhone: +61 (0)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 DirectorKeith Spence Non-Executive DirectorWinton Willesee Company Secretary Principal & Registered Office: Contacts:Level 1 Email: info@baseresources.com.au50 Kings Park Road Phone: +61 (0)8 9413 7400West Perth Fax: +61 (0)8 9322 8912WA 6005