Change of Interests of Substantial Shareholder

ASX, AIM and Media Release

21 April 2015

                       NOTICE OF CHANGE OF INTERESTS OF                        

                            SUBSTANTIAL SHAREHOLDER                            

Base Resources Limited (ASX & AIM: BSE) ("Base" or the "Company") wishes to
advise that it has received notification from substantial shareholder, Taurus
SM Holdings Pty Limited, advising that it currently holds an interest in
94,482,647 ordinary shares in Base representing 16.8% of the Company's issued
share capital, following the on market net acquisition of 11,038,359 ordinary
shares during the period 8 April 2015 to 22 April 2015 at prices between A$0.12
and A$0.14 per ordinary share, since its last notification on 1 April 2015.

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

ENDS

For further enquiries contact:

Base Resources Limited
Tim Carstens
Managing Director
Phone: [phone]

RFC Ambrian Limited (Nominated Adviser and Broker)
As Nominated Adviser           As Broker
Andrew Thomson                 Jonathan Williams and John van Eeghen
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
Keith Spence                   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