AIM and Media Release 

    9 January 2017

    BASE RESOURCES LIMITED
    Change of Interests of Substantial Shareholder

    Base Resources Limited (ASX & AIM: BSE) ("Base Resources") advises that it has
    today received the following notification.

    Hunter Hall Investment Management Limited has notified the company that its
    interest in Base Resources' total shares on issue has decreased (on a net
    basis) from 18.79% to 17.60%.  This net decrease of 1,139,451 shares consisted
    of the acquisition of 8,510,605 shares during July 2016 at an average price of
    approximately A$0.16 per share and the sale of 9,650,056 shares over the period
    of 2 December 2016 to 5 January 2017 at an average price of approximately
    A$0.23 per share. 

    ENDS.

    CORPORATE PROFILE

    Directors
    Keith Spence (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)

    Company Secretary
    Chadwick Poletti

    NOMINATED ADVISOR & BROKER
    RFC Ambrian Limited
    As Nominated Adviser:
    Andrew Thomson / Stephen Allen
    Phone: +61 (0)8 9480 2500
    As Broker:
    Jonathan Williams
    Phone: +44 20 3440 6800

    SHARE REGISTRY:  ASX
    Computershare Investor Services Pty Limited
    Level 11, 172 St Georges Terrace
    PERTH WA 6000
    Enquiries: 1300 850 505 / +61 (3) 9415 4000
    www.computershare.com.au

    SHARE REGISTRY:  AIM
    Computershare Investor Services PLC
    The Pavilions
    Bridgwater Road
    BRISTOL BS99 6ZZ
    Enquiries: +44 (0) 870 702 0003
    www.computershare.co.uk

    AUSTRALIAN MEDIA RELATIONS
    Cannings Purple
    Annette Ellis / Andrew Rowell
    Email: aellis@canningspurple.com.au /
    arowell@canningspurple.com.au
    Phone: +61 (0)8 6314 6300

    UK MEDIA RELATIONS
    Tavistock Communications
    Jos Simson / Emily Fenton
    Phone: +44 (0) 207 920 3150

    KENYA MEDIA RELATIONS
    Africapractice (East Africa)
    Evelyn Njoroge / James Njuguna/Joan Kimani
    Phone: +254 (0)20 239 6899
    Email: jkimani@africapractice.com

    PRINCIPAL & REGISTERED OFFICE
    Level 1, 50 Kings Park Road
    West Perth, Western Australia, 6005
    Email:  info@baseresources.com.au
    Phone: +61 (0)8 9413 7400
    Fax: +61 (0)8 9322 8912