Notice of Ceasing to be a Substantial Holder

AIM and Media Release 10 February 2015 BASE RESOURCES LIMITED NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER Base Resources Limited (ASX:BSE,AIM:BSE) ("Base" or the "Company") announces that following the closure of the off-market takeover bid ("Takeover Bid") by Base for World Titanium Resources Limited ABN 21 120 723 426 ("World Titanium") as announced on 23 December 2014, Base has delivered a Notice of Ceasing to be a Substantial Holder to the ASX in regard to the Company's current relevant interest in World Titanium. The notification states that Base and its subsidiaries currently hold a relevant interest in 200,000 shares in World Titanium representing an interest of less than 5%. A full PDF version of the notice is available from www.asx.com.au and the Company's website: www.baseresources.com.au. ENDS For further enquiries contact: Base Resources Limited Tim Carstens Managing Director Email: tcarstens@baseresources.com.au Phone: +61 (0)8 9413 7400 RFC Ambrian Limited (Nominated Adviser and Broker) As Nominated Adviser As Broker Andrew Thomson or Trinity McIntyre Jonathan Williams Phone: +61 (0)8 9480 2500 Phone: +44 20 3440 6800 Africapractice (East Africa) (Kenyan Media Relations) David Maingi/ James Njuguna/Joan Kimani Phone: +254 (0)20 239 6899 Email: jkimani@africapractice.com Tavistock Communications (UK Media Relations) Jos Simson / Emily Fenton / Nuala Gallagher Phone: +44 (0) 207 920 3150 Cannings Purple (Australian Media Relations) Annette Ellis / Warrick Hazeldine Email: aellis@canningspurple.com.au whazeldine@canningspurple.com.au Phone: +61 (0)8 6314 6300 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 Michael Stirzaker Non-Executive Director Malcolm Macpherson Non-Executive Director Winton Willesee Company Secretary Principal & Registered Office: Contacts: Level 1 Email: info@baseresources.com.au 50 Kings Park Road Phone: +61 (0)8 9413 7400 West Perth Fax: +61 (0)8 9322 8912 WA 6005
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