Closing of Mukurumudzi Dam

ASX, AIM and Media Release
9 April 2013

CLOSING OF MUKURUMUDZI DAM

Base Resources Limited (ASX:BSE, AIM:BSE) ("Base") is pleased to advise that it
has achieved another key milestone in the development of the Kwale Mineral
Sands Project with the closing of the Mukurumudzi Dam as planned.

With a storage capacity of 8.5 gigalitres, the Mukurumudzi Dam is the primary
water resource for the Kwale Project. As a consequence, closing the dam ahead
of the impending wet season was a critical milestone in ensuring sufficient
process water is available before commissioning of the processing plant, which
remains on schedule for practical completion in the third quarter of this year.

A full PDF version of the announcement is available at the Company's website: 
www.baseresources.com.au.

ENDS

For further enquiries contact:

Base Resources Limited
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  Caspar Shand-Kydd
Phone: [phone]            Phone: [phone]

Tavistock Communications (UK Media Relations)
Jos Simson/ Jessica Fontaine/ Emily Fenton
Phone: [phone]

Cannings Purple (Australian Media Relations)
Annette Ellis / Warrick Hazeldine
Email: [e-mail]
[e-mail]
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
Trevor Schultz Non-Executive Director
Winton Willesee Non-Executive Director/ Company Secretary

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

About Base Resources

Base Resources Limited (ASX:BSE, AIM:BSE) is a listed resources developer, with
a portfolio of assets in Africa. Its flagship is the $298 million Kwale Mineral
Sands Project in Kenya, East Africa. Kwale is fully funded and with
construction well advanced, the project is on schedule to commence production
and shipment of a high-value assemblage of rutile, ilmenite and zircon minerals
in the latter half of 2013.

Kwale is expected to generate a cash surplus of more than US$1 billion over its
13-year mine life. With a front-ended production profile forecast to deliver an
enviable cash flow of more than US$550 million in the first 5 years of
operations, Kwale will provide a strong foundation for Base Resources'
emergence as a significant global resources company.