Change of Interests of Substantial Shareholder

AIM Release

24 April 2015

                      CHANGE IN SUBSTANTIAL SHAREHOLDING                       

Base Resources Limited (ASX & AIM: BSE) ("Base") wishes to advise that
substantial shareholder Acorn Capital Limited today lodged a notice of ceasing
to be a substantial shareholder on the ASX, noting that their shareholding in
Base had fallen below 5% after having disposed of 4,549,625 ordinary shares in
Base on 21 April 2015 at an approximate price of A$0.11 per ordinary share.

Based on the announcements made to the ASX today and the previous notice of
change of interests of substantial shareholder announcements made to the ASX on
17 April 2015, as far as Base is aware, Acorn Capital Limited currently holds
26,432,382 shares in Base, representing 4.69% of the issued shares of the
Company.

Full details can be found on the notices which were lodged on the ASX today and
which can be found at www.asx.com.au.

ENDS

For further enquiries contact:

Base Resources Limited
Tim Carstens
Managing Director
Phone: [phone]

RFC Ambrian Limited (Nominated Adviser and Broker)
As Nominated Adviser                       As Broker
Andrew Thomson                             Jonathan Williams and John van Eeghen
Phone: [phone]                  Phone: [phone]

Corporate Details:

Board of Directors:
Andrew King                         Non-Executive Chairman
Tim Carstens                        Managing Director 
Colin Bwye                          Executive Director
Sam Willis                          Non-Executive Director
Michael Anderson                    Non-Executive Director
Mike Stirzaker                      Non-Executive Director
Malcolm Macpherson                  Non-Executive Director
Keith Spence                        Non-Executive Director
Winton Willesee                     Company Secretary

Principal & Registered Office:           Contacts:
Level 1                                  Email: [e-mail]
50 Kings Park Road                       Phone: [phone]
West Perth                               Fax: [phone]
WA 6005