PERTH, AUSTRALIA--(Marketwire - Jan. 23, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION INTO THE UNITED STATES

Bannerman Resources Limited (TSX:BAN)(ASX:BMN)(NSX:BMN) ("Bannerman" or the "Company") provides the opportunity for shareholders and investors to hear an interview by the Company's Chief Executive Officer, Len Jubber, regarding Bannerman's activities on the Etango Uranium Project and the Company's stated plans for 2012.

Bannerman is an emerging uranium development company with uranium interests in Namibia, a southern African country with a long and stable uranium mining history. 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 and Bannerman expects to complete a Definitive Feasibility Study on Etango at the end of March this year. Renewed investment interest is now being shown in the uranium sector as the strong environmentally-friendly characteristics of base load nuclear power continue to be recognised, particularly in the world's fastest developing nations.

The interview with Len Jubber was recorded by Boardroom Radio and can be accessed through the following link: www.brrmedia.com/event/90359.

Alternatively, the interview can be accessed by visiting the Company's website and following the link from the homepage (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.

Contact Information:

Bannerman Resources Limited
Len Jubber
Chief Executive Officer
Perth, Western Australia
+61 (0)8 9381 1436

Bannerman Resources Limited
Tim Haughan
Investor Relations Manager
Perth, Western Australia
+61 (0)8 9381 1436
thaughan@bannermanresources.com.au

Spyros Karellas
Investor Relations Representative
Toronto, Ontario, Canada
+1 416 800 8921
spyros@pinnaclecapitalmarkets.ca