Bannerman Resources Limited

Bannerman Resources Limited

November 19, 2007 07:30 ET

Bannerman Resources Limited Now Listed on the Toronto Stock Exchange

TORONTO, ONTARIO--(Marketwire - Nov. 19, 2007) - Bannerman Resources Limited (TSX:BAN)(ASX:BMN) is pleased to announce that today the common shares of Bannerman Resources are listed on the Toronto Stock Exchange ("TSX"), trading under the symbol "BAN." The TSX has granted the listing in the Mining category for 145,145,117 common shares, of which 127,532,617 common shares are issued and outstanding, and a further 17,612,500 common shares are reserved for issuance.

There was no capital raised in conjunction with this listing.

"The listing of Bannerman Resources on the Toronto Stock Exchange exposes Bannerman to Canadian and US capital markets, a likely source for a significant portion of the financing that will be required to fund the bankable feasibility study due in 2008," says Peter Batten, Managing Director, Bannerman Resources Ltd. "We anticipate that the TSX listing will generate interest from new institutional investors who recognize the economic potential and investment opportunity offered in Bannerman."

About Bannerman

Bannerman Resources Limited is an emerging international uranium producer with operating projects in Namibia and Botswana and licenses in Australia. The Company's major focus is on the exploration and development of uranium projects in Namibia and Botswana.

Bannerman is currently focused on accelerating the development of its primary asset, the Goanikontes uranium project located in the world-class uranium country of Namibia and situated on a trend southwest of the Rio Tinto Rossing mine. To date, the company has defined a JORC compliant resource of 55.0 million tonnes grading 0.02% U3O8. A bankable feasibility study is planned for 2008, and the company expects to bring its Goanikontes deposit into production by late 2010.

Bannerman Resources Limited was incorporated in February 2005 as a public company for the purposes of acquiring prospective exploration projects that are generally under explored.

The Board has a proven track record of recognizing and advancing under explored projects and these skills will ensure maximum returns from the current portfolio of projects. The Management and Board's primary aim is to become a successful and profitable exploration and mining company and to advance shareholder interests.

Please visit Bannerman Resources' website at:

Contact Information