Issue of Options

AIM and Media Release 

19 June 2015

BASE RESOURCES LIMITED
ISSUE OF OPTIONS

Base Resources Limited (ASX & AIM: BSE) (“Base”) advises that it has today lodged with the Australian Securities Exchange (“ASX”) an ASX Appendix 3B noting the issue of 30,712,530 unlisted options to acquire fully paid ordinary shares in the capital of the company at an exercise price of A$0.40, exercisable on or before 31 December 2018.  As flagged in the company’s announcement on 3 June 2015, these options were issued to Taurus Funds Management (“Taurus”) following drawdown of the remaining US$17 million under the unsecured debt facility with Taurus which completed today.

Following the above issue, Base has the following equity securities on issue:

Number	Class
563,902,771	Fully paid ordinary shares
8,500,000	Unlisted options exercisable at A$0.25 on or before 9 July 2015
7,100,000	Unlisted options exercisable at A$0.09 on or before 9 July 2015
1,000,000	Unlisted options exercisable at A$0.25 on or before 30 July 2015
61,425,061	Unlisted options exercisable at A$0.40 on or before 31 December 2018
22,059,477	Performance rights issued pursuant to Base’s Long Term Incentive Plan, which are subject to vesting conditions

A full PDF version of the ASX Appendix 3B lodged by Base today is available from http://www.asx.com.au/ and on the company’s website:  http://www.baseresources.com.au/.

ENDS

CORPORATE PROFILE

Directors
Keith Spence (Non-Executive Chairman)
Tim Carstens (Managing Director)
Colin Bwye (Executive Director)
Sam Willis (Non-Executive Director)
Michael Anderson (Non-Executive Director)
Michael Stirzaker (Non-Executive Director)
Malcolm Macpherson (Non-Executive Director)

Company Secretary
Chadwick Poletti

NOMINATED ADVISOR & BROKER
RFC Ambrian Limited
As Nominated Adviser:
Andrew Thomson / Stephen Allen
Phone: [phone]
As Broker:
Jonathan Williams
Phone: [phone]

SHARE REGISTRY:  ASX
Computershare Investor Services Pty Limited
Level 11, 172 St Georges Terrace
PERTH WA 6000
Enquiries: 1300 850 505 / [phone]
http://www.computershare.com.au/

SHARE REGISTRY:  AIM
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
BRISTOL BS99 6ZZ
Enquiries: [phone]
http://www.computershare.co.uk/

AUSTRALIAN MEDIA RELATIONS
Cannings Purple
Michael Vaughan / Warrick Hazeldine
Email:[e-mail]
[e-mail]
Phone: [phone]

UK MEDIA RELATIONS
Tavistock Communications
Jos Simson / Emily Fenton / Nuala Gallagher
Phone: [phone]

KENYA MEDIA RELATIONS
Africapractice (East Africa)
David Maingi/ James Njuguna/Joan Kimani
Phone: [phone]
Email:[e-mail]

PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road
West Perth WA 6005
Email:  [e-mail]
Phone: [phone]
Fax: [phone]