Change In Significant Shareholding

AIM Release

4 September 2014

                      CHANGE IN SIGNIFICANT SHAREHOLDING                       

Base Resources Limited (ASX & AIM: BSE) ("Base") wishes to advise that
significant shareholder Westpac Banking Corporation (and its associated
companies including BT Investment Management Limited) today lodged a notice of
ceasing to be a substantial shareholder on the ASX, noting that their
shareholding in Base had fallen below 5% on 2 September 2014.

Based on the announcements made to the ASX today and the previous notice of
change of interests of substantial shareholder announcements made to the ASX on
10 December 2013, as far as Base is aware, Westpac Banking Corporation (and its
associated companies including BT Investment Management Limited) currently
holds 27,159,713 shares in Base, representing 4.83% of the issued shares of the
Company.

Full details can be found on the notices which were lodged on the ASX today and
which can be found at www.asx.com.au.

ENDS

For further enquiries contact:

Base Resources Limited
Winton Willesee
Company Secretary
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
Trevor Schultz      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