Bannerman Files Updated 43-101 Technical Report

PERTH, AUSTRALIA--(Marketwire - Sept. 28, 2011) - Bannerman Resources Limited (TSX:BAN)(ASX:BMN)(NSX:BMN) ("Bannerman" or the "Company") advises that it has today filed an updated Technical Report on the Company's Etango Uranium Project in Namibia with the Canadian securities regulators. The report has been prepared in accordance with Canadian National Instrument 43-101 and forms part of the Company's ongoing disclosure obligations for its listing on the Toronto Stock Exchange.

A copy of the report can be obtained from the Canadian Securities Administrators SEDAR filing system at www.sedar.com or from the Bannerman website at www.bannermanresources.com.

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 www.bannermanresources.com.