Bannerman Resources Limited

Bannerman Resources Limited

May 27, 2011 05:00 ET

Bannerman Board Changes

PERTH, WESTERN AUSTRALIA--(Marketwire - May 27, 2011) - Bannerman Resources Limited (TSX:BAN)(ASX:BMN)(NSX:BMN) ("Bannerman" or the "Company") announces the following Board changes.

The Board has today appointed Mr. Mason Hills as a Non-Executive Director. Mr. Hills is a qualified lawyer and a partner of investment fund manager Resource Capital Funds ("RCF"). For the last two years, Mr. Hills has been an Alternate Non-Executive Director on the Bannerman Board for Mr. James McClements, the managing partner of RCF. Mr. Hills is also a director of Ausdrill Limited and Talison Lithium Limited.

Concurrent with Mr. Hills' appointment, Mr. McClements retires from the Bannerman Board following service as a Non-Executive Director since late 2008. The Board thanks Mr. McClements for his extremely valuable input over this time and welcomes the continued active involvement of Mr. Hills.

Bannerman Chairman, Dr. David Smith, said: "The Board and employees of Bannerman gratefully acknowledge the excellent input from James, in particular in relation to strategy, financing and equities market matters. We wish James well with his many other business interests at RCF, and look forward to working with Mason."

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 Rössing uranium mine and to the west of Paladin Energy's Langer-Heinrich mine. Etango is one of the world's largest undeveloped uranium deposits. Bannerman is focused on the feasibility assessment and development of a large open pit uranium operation at Etango. More information is available on Bannerman's website at

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