Quarterly Activities Report for the Period Ended 30 June 2016

PERTH, AUSTRALIA--(Marketwired - July 24, 2016) - Bannerman Resources Limited (ASX:BMN)(NAMIBIAN:BMN) had a successful June quarter, including completion of the de-risking of the Etango heap leach process, renewal of its Exclusive Prospecting Licence and delisting from TSX.

HIGHLIGHTS

• Successful Heap Leach Demonstration Plant Program
  • Results of Phase 4 of the Heap Leach Demonstration Plant further highlight the robustness of the Etango DFS and Optimisation Study;
    • No deleterious elements;
    • Fast and efficient solvent extraction;
    • Confirms DFS solvent extraction design parameters.
  • Heap Leach de-risking now complete with outstanding results and scope for cost reductions.
  • Phase 5 (optimisation and value engineering) commenced.
• Renewal of Exclusive Prospecting Licence 3345
• De-Listing from TSX
• Cash balance as at 30 June 2016 was A$1.6 million.

The full report is available on Bannerman's website at www.bannermanresources.com and on SEDAR (www.sedar.com).

Brandon Munro, Chief Executive Officer

25 July 2016

ABN 34 113 017 128