Bannerman Extends Strike Length of Broad Shallow Zones at Etango

PERTH, AUSTRALIA, Jul 06 (MARKET WIRE) --
Bannerman Resources Limited (ASX: BMN)(TSX: BAN)(NSX: BMN) ("Bannerman"),
an Australian-based uranium development and exploration company, is
pleased to announce further encouraging drilling results at the Oshiveli
and Onkelo Prospects within the Etango Uranium Project in Namibia,
southern Africa.

Highlights include:

- Results from an additional 43 reverse circulation ("RC") drillholes
along strike at both prospects have confirmed extensions of multiple
broad mineralised zones generally close to or directly from surface.
Significant results include:

--------------------------------------------------
Downhole Interval Grade From Depth
(m) (ppm U3O8) (m downhole)
--------------------------------------------------
103 237 12
Including 21 526 41
13 279 32
20 348 11
12 286 15
27 350 175
57 325 120
42 451 66
11 413 93
--------------------------------------------------

- Drilling further extends the known strike length of mineralisation
at Oshiveli and Onkelo to the north and south respectively.
Mineralisation remains open between the two prospects and also at depth.

- Resource extension drilling at Oshiveli and Onkelo is continuing (167
RC drillholes have been completed to date) and further results will be
reported in due course.

- Previously reported drilling results from these areas are currently
being incorporated into a resource update for the Etango Project which is
planned to be released to the market before the end of July.

Bannerman CEO Len Jubber said: "These new results raise the potential for
further increases in the already substantial resource estimate for the
Etango Project. The continued success in delineating broad areas of
shallow uranium mineralisation is consistent with the fact that 70% of
the current resource estimate occurs within 200 metres of the surface."

About Bannerman - Bannerman Resources Limited is an emerging uranium
development company with interests in two properties in Namibia, a
southern African country considered to be a premier uranium mining
jurisdiction. Bannerman's principal asset is its 80%-owned Etango Project
situated southwest of Rio Tinto's Rossing uranium mine and to the west of
Paladin Energy's Langer-Heinrich uranium mine. Etango is one of the
world's largest undeveloped uranium deposits. Bannerman is focused on the
feasibility assessment and development of a 5-7 million pounds per annum
U3O8 open pit mining operation at Etango. More information is available
on Bannerman's website at www.bannermanresources.com.au.

Introduction

Previous drilling at the Oshiveli and Onkelo Prospects identified
multiple broad mineralised zones close to or directly from surface within
the host alaskite bodies. The assays returned from the latest round of
drilling at both prospects have confirmed the extension of these multiple
broad mineralised zones. The Oshiveli and Onkelo Prospects are
interpreted to be a 3 km northern extension to the primary Anomaly A
deposit (refer Figure 1 below).

To view Figure 1: Prospect Locations within the Etango Project Area,
please click on the link provided below:

http://media3.marketwire.com/docs/CLM_Figure_1.pdf

Drilling Program

Since the February 2009 resource update for the Etango Project, Bannerman
has completed 70 RC drillholes for 15,725 metres at Oshiveli and 64 RC
drillholes for 13,796 metres at Onkelo. Further to the drill results
released in the March quarter activities report and May 20, 2009 news
release, chemical assays for 43 RC drillholes have been received which
confirm along-strike extensions of broad mineralised zones. The drillhole
collar locations and selected intercepts are shown below in Figure 2,
with the intercepts tabulated in Appendices 1 and 2 of the full version
of this news release which can be found on Bannerman's website at
www.bannermanresources.com.

To view Figure 2: Oshiveli and Onkelo drillhole positions and selected
intercepts, please click on the link below:

http://media3.marketwire.com/docs/CLM_Figure_2.pdf

Figure 3 below is a graphical presentation of the individual one metre
assays comprising the reported 103 metre intercept at an average grade of
237 ppm U3O8 in vertical drillhole GSHRC0083 at Oshiveli. As shown, this
intercept includes a sub-intercept of 21 metres at 526 ppm U3O8 and a
peak assay of 1,117 ppm U3O8.

To view Figure 3: One metre assays from a portion of the reported 103
metre intercept in drillhole GSHRC0083 (Oshiveli), please click on the
link below:

http://media3.marketwire.com/docs/CLM_Figure_3.pdf

Two RC drilling rigs and two diamond drilling rigs will continue to
operate at the Oshiveli and Onkelo Prospects with the aim of further
extending the known mineralised zones along strike and down dip.

Mineral Resource

The current mineral resource estimate for the Etango Project, prepared as
at February 2009, incorporates Anomaly A and the southern portion of the
Oshiveli Prospect (refer the green outline in Figure 1), and comprises
Indicated Mineral Resources of 195.5 million tonnes ("Mt") at an average
grade of 207 ppm for 89.2 million pounds ("Mlbs") of U3O8, plus Inferred
Mineral Resources of 87.0Mt at 195 ppm for 37.4Mlbs U3O8, reported at a
cut-off grade of 100 ppm U3O8.

A new mineral resource estimate is now underway for the Anomaly A,
Oshiveli and Onkelo areas incorporating previously reported drilling
results. It is anticipated that this updated mineral resource estimate,
including an inaugural estimate for Onkelo, will be available before the
end of July 2009.

Most of the drilling results contained in this announcement will not form
part of the July 2009 mineral resource update, as these results have been
received after commencement of the mineral resource estimation process.
These latest drilling results will however be incorporated in subsequent
resource updates.

Regulatory Disclosures:

Bannerman Resources Limited ("Bannerman") manages its drilling and
assaying activities in accordance with industry standard quality
assurance/quality control (QA/QC) procedures. Samples are collected by
Bannerman personnel and prepared in accordance with specified procedures
at the relevant assay laboratories. The primary assay laboratory is SGS
in Johannesburg Laboratory site reviews are undertaken. Assay QA/QC
involves the use of assay standards (sourced from African Mineral
Standards (AMIS) in Johannesburg, made from Bannerman pulp rejects and
cross-checked through umpire laboratories for which the round robin
reports are available), field duplicates, blanks and barren quartz
flushes. A third party "umpire" laboratory (Genalysis in Perth) is used
to cross-check and validate approximately 5% of the assay results in
accordance with standard procedures. Sample coarse rejects are retained
and approximately 5% of samples are re-submitted for further assay
verification. All sample pulps are retained at a storage facility in
Johannesburg and half-core and rock-chip samples are retained at site.

The information in this report that relates to the Mineral Resources of
the Etango Project is based on a resource estimate completed by Mr Neil
Inwood who is a full time employee of Coffey Mining Pty Ltd. Mr Inwood is
a Member of The Australasian Institute of Mining and Metallurgy and has
sufficient experience relevant to the style of mineralisation and types
of deposits under consideration and to the activity which is being
undertaken to qualify as Competent Person as defined in the 2004 Edition
of the 'Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves', and is an independent consultant to
Bannerman Resources and a Qualified Person as defined by NI 43-101. Mr
Inwood consents to the inclusion in the report of the matters based on
his information in the form and context in which it appears.

The information in this report that relates to the exploration results of
the projects owned by Bannerman Resources Ltd is based on information
compiled by Mr Andrew Cunningham, who is a full time employee of
Bannerman and/or its subsidiaries. Mr Cunningham is a Member of The
Geological Society of South Africa, a Recognised Overseas Professional
Organisation by the Australasian Joint Ore Reserves Committee, who has
sufficient experience relevant to the style of mineralisation and types
of deposits under consideration and to the activity which is being
undertaken to qualify as Competent Person as defined in the 2004 Edition
of the "Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves" and as a Qualified Person for purposes of
National Instrument 43-101 of the Canadian Securities Administrators. Mr
Cunningham consents to the inclusion in the report of the matters based
on his information in the form and context in which it appears.

Bannerman has not completed feasibility studies on its projects.
Accordingly, there is no certainty that such projects will be
economically successful. Mineral resources that are not ore reserves do
not have demonstrated economic viability.

Certain disclosures in this report, including management's assessment of
Bannerman Resources Ltd's plans and projects, constitute forward-looking
statements that are subject to numerous risks, uncertainties and other
factors relating to Bannerman's operation as a mineral development
company that may cause future results to differ materially from those
expressed or implied in such forward-looking statements. The following
are important factors that could cause Bannerman's actual results to
differ materially from those expressed or implied by such forward looking
statements: fluctuations in uranium prices and currency exchange rates;
uncertainties relating to interpretation of drill results and the
geology, continuity and grade of mineral deposits; uncertainty of
estimates of capital and operating costs, recovery rates, production
estimates and estimated economic return; general market conditions; the
uncertainty of future profitability; and the uncertainty of access to
additional capital. Full descriptions of these risks can be found in
Bannerman's various statutory reports, including its Annual Information
Form available on the SEDAR website, www.sedar.com. Readers are cautioned
not to place undue reliance on forward-looking statements. Bannerman
Resources Ltd expressly disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events or otherwise.

Contacts:
Bannerman Resources Limited
Perth, Western Australia
Len Jubber, Chief Executive Officer
+61 (0)8 9381 1436
admin@bannermanresources.com.au

Bannerman Resources Limited
Perth, Western Australia
Peter Kerr, Chief Financial Officer
+61 (0)8 9381 1436
www.bannermanresources.com.au

Bannerman Resources Limited
Toronto, Ontario, Canada
Ann Gibbs, Investor Relations
+1 416 388 7247
ann@bannermanresources.com
www.bannermanresources.com

Professional Public Relations Pty Ltd
Perth, Western Australia
David Tasker, Media Relations
+61 (0)8 9388 0944
david.tasker@ppr.com.au

Professional Public Relations Pty Ltd
Perth, Western Australia
Jasmine Green, Media Relations
+61(0)433 112 936
jasmine.green@ppr.com.au

Copyright 2009, Market Wire, All rights reserved.

-0-