US$17 Million Drawdown on Taurus Facility

AIM and Media Release 

3 June 2015

BASE RESOURCES LIMITED

US$17 MILLION DRAWDOWN ON TAURUS FACILITY

Base Resources Limited (ASX & AIM: BSE) ("Base" or the "Company") advises that
it has lodged a utilisation notice for the remaining US$17 million of the
unsecured debt facility with Taurus Funds Management ("Taurus Facility"), with
an expected drawdown date of 18 June 2015 ("Utilisation Date").  It is
anticipated that these additional funds will be utilised to satisfy the US$15
million liquidity injection required under the terms of the Kwale Project Debt
Facility restructure, completed in November 2014, and to provide parent
corporate working capital.  Further details about the Taurus Facility are
provided in the Company's announcement dated 23 December 2014.

In accordance with the terms of the Taurus Facility, Taurus will be issued with
30,712,530 unlisted options to acquire new fully paid ordinary shares.  The
options will be issued for nil cash consideration on the Utilisation Date, with
each option having no vesting conditions and being exercisable at A$0.40 on or
before 31 December 2018.

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 2, 45 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]