Bannerman Resources Limited
TSX : BAN
ASX : BMN

Bannerman Resources Limited

March 27, 2008 00:01 ET

Bannerman to List on the Namibian Stock Exchange

PERTH, AUSTRALIA--(Marketwire - March 27, 2008) - Bannerman Resources Ltd (TSX:BAN)(ASX:BMN) ("Bannerman" or the "Company"), an Australian uranium development company is pleased to announce that the Listing Committee of the Namibian Stock Exchange ("NSX") has recommended to the Board of the NSX, subject to all regulatory approvals, to approve the listing of Bannerman's ordinary shares effective from Wednesday 2nd April 2008. The stock symbol for Bannerman's ordinary shares on the NSX is expected to be "BMN".

The Company will continue to be domiciled in Australia and retain its primary listings on the Australian Stock Exchange ("ASX") and its secondary listing on the Toronto Stock Exchange ("TSX").

Bannerman will be listed on the "Mining" sector of the Development Capital Board (DevX) of the NSX. Bannerman has made the application to list its ordinary shares on the NSX to affirm its commitment to Namibia, its people and economy, and to enable Namibian investors the opportunity to participate in the Company's projects in Namibia, Botswana and Australia.

The sponsoring broker for the listing of the securities on the NSX is IJG Securities (Pty) Ltd, based in Windhoek. There will not be a capital raising associated with the NSX listing.

About Bannerman Resources

Bannerman Resources Limited is an emerging international uranium producer with projects in Namibia and Botswana with an interest in a license in Australia. The Company's major focus is on the exploration and development of the Goanikontes uranium deposit in Namibia held under EPL 3345.

The Goanikontes uranium project is located in a world-class uranium province in Namibia situated on a trend adjacent to the Rio Tinto controlled Rossing uranium mine. A bankable feasibility study is planned for 2008 with production planned to commence in 2011.

For further information please visit Bannerman Resources' website at: www.bannermanresources.com.au.

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