Bannerman Resources Limited Completes $10 Million Private Placement

June 12, 2009

Bannerman Resources Limited (TSX:BAN; ASX:BMN) , an Australian-based uranium exploration and mine development company, completed an underwritten private placement of 10,000,000 ordinary shares at a price of $1.00 per share for gross proceeds of $10 million. Haywood Securities Inc. acted as underwriter for the offering.

Wildeboer Dellelce LLP represented the underwriter with a team that included Vaughn MacLellan and Sanjeev Patel.