Notice of Status of Conditions

AIM and Media Release

30 January 2015

                            BASE RESOURCES LIMITED                             

                        NOTICE OF STATUS OF CONDITIONS                         

In accordance with Section 630(3) of the Australian Corporations Act, Base
Resources Limited (ASX:BSE AIM:BSE) ("Base" or the "Company") today gave notice
to World Titanium Resources Limited and ASX in relation to the offer ("Offer")
made pursuant to the Bidder's Statement dated 23 December 2014 ("Bidder's
Statement") for all of the ordinary shares in World Titanium Resources Limited
ABN 21 120 723 426 ("World Titanium").

Base gave notice pursuant to section 630(3) of the Corporations Act 2001 (Cth)
that:

 a. the Offer has not been freed from the Conditions in section 10.9 of the
    Bidder's Statement; and
   
 b. so far as Base knows, as at the date of this notice, none of the Conditions
    in section 10.9 of the Bidder's Statement have been fulfilled,
   
and accordingly, the Offer remains subject to those Conditions.

As at the date of this notice Base's voting power in World Titanium is 7.8%.

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: [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]

Africapractice (East Africa) (Kenyan Media Relations)
David Maingi/ James Njuguna/Joan Kimani
Phone: [phone]
Email: [e-mail]

Tavistock Communications (UK Media Relations)
Jos Simson / Emily Fenton / Nuala Gallagher
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
Michael 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