Change of Interests of Significant Shareholder

ASX, AIM and Media Release

18 December 2014

                       NOTICE OF CHANGE OF INTERESTS OF                        
                            SIGNIFICANT SHAREHOLDER                            

Base Resources Limited (ASX & AIM: BSE) ("Base") wishes to advise that it has
received notification from significant shareholder, Sustainable Capital Ltd,
advising that it currently holds an interest in 53,590,522 ordinary shares in
Base representing 9.50% of the Company's issued share capital, following the
acquisition of 6,738,721 ordinary shares today.

A full version of the notice received by the Company is available at the Company's
website: www.baseresources.com.au.

ENDS

For further enquiries contact:

Tim Carstens
Managing Director
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                           Fax: [phone]
WA 6005