New Significant Shareholder

ASX, AIM and Media Release

28 November 2014

                            BASE RESOURCES LIMITED                             

                          NEW SIGNIFICANT SHAREHOLDER                          

Base Resources Limited (ASX:BSE, AIM:BSE) ("Base" or the "Company") is pleased
to advise that Sustainable Capital Ltd has today notified the Company that it
became a significant shareholder on 27 November 2014 and currently holds
interests in 30,047,935 ordinary shares in Base representing 5.35% of the
Company's issued share capital.

A full PDF version of the announcement lodged by Sustainable Capital Ltd is
available at www.asx.com.au and will also be available from the Company's
website at www.baseresources.com.au.  

For further enquiries contact:

Winton Willesee
Company Secretary
Email: [e-mail]
Phone: [phone]

RFC Ambrian Limited (Nominated Adviser and Broker)
As Nominated Adviser                  As Broker
Andrew Thomson or Trinity McIntyre    Jonathan Williams
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
Winton Willesee      Company Secretary

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