BANNERMAN ENERGY LTD — Director's Dealing 2012

Aug 12, 2012

STOCK EXCHANGE ANNOUNCEMENT 13 August 2012

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The Manager ASX Market Announcements Australian Securities Exchange Exchange Plaza 2 The Esplanade Perth WA 6000

Dear Sir or Madam

Cancellation of Unlisted Performance Rights and Expiration of Unlisted Options

Bannerman Resources Limited wishes to advise that 165,608 unlisted employee performance rights have been cancelled in accordance with the rules of the Employee Incentive Plan, and 200,000 unlisted director options have expired unexercised and have therefore lapsed and been cancelled.

Details of unlisted performance rights cancelled are as follows:

Code	Vesting Date	No. of Performance Rights
BMNAAM	23 November 2012	62,608
BMNAAM	17 November 2013	103,000

Details of the expired unlisted director options are as follows:

Code	Expiry Date	Exercise Price	No of Options
BMNAN	27 July 2012	A$1.40	200,000

Attached is an ASX Appendix 3Y relating to the above expiration of unlisted director options.

Yours faithfully

Glen Smith Company Secretary

For further information please contact:

Len Jubber Tim Haughan Chief Executive Officer Investor Relations Manager Perth, Western Australia Perth, Western Australia Tel: +61 (0)8 9381 1436 Tel: +61 (0)8 9381 1436 admin@bannermanresources.com.au

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 development of a large open pit uranium operation at Etango. More information is available on Bannerman’s website at www.bannermanresources.com.

www.bannermanresources.com

BANNERMAN RESOURCES LIMITED ABN 34 113 017 128 Corporate Office Level 1 ■ Suite 18 ■ 513 Hay Street ■ Subiaco Western Australia 6008 Post PO Box 1973 ■ Subiaco Western Australia 6904 T +61 8 9381 1436 F +61 8 9381 1068

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Bannerman Resources Limited
ABN	34 113 017 128

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Ronnie Beevor
Date of last notice	8 February 2012

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Options held by Ronald Hugh Beevor & Fiona Mary Beevor as Trustees for the Digger Superfund, a fund of which Mr Beevor is a beneficiary.
Date of change	27 July 2012
No. of securities held prior to change	Direct: Ronald Hugh Beevor 211,300 Non-Executive Director Share Rights (Unlisted) vesting on 17 November 2012. Indirect: Ronald Hugh Beevor & Fiona Mary Beevor **Superfund A/C> 111,159 Fully Paid Ordinary Shares 200,000 Non-Executive Director Options (Unlisted) exercisable at A$1.40 per share and expiring 27 July 2012.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	85,500 Non-Executive Director Options (Unlisted) exercisable at A$1.45 per share and expiring 25 November 2012. 128,250 Non-Executive Director Options (Unlisted) exercisable at A$0.77 per share and expiring 22 November 2013.
Class	Non-Executive Director Options (Unlisted)
Number acquired	Nil
Number disposed	200,000 (expired)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/A
No. of securities held after change	Direct: Ronald Hugh Beevor 211,300 Non-Executive Director Share Rights (Unlisted) vesting on 17 November 2012. Indirect: Ronald Hugh Beevor & Fiona Mary Beevor **Superfund A/C> 111,159 Fully Paid Ordinary Shares 85,500 Non-Executive Director Options (Unlisted) exercisable at A$1.45 per share and expiring 25 November 2012. 128,250 Non-Executive Director Options (Unlisted) exercisable at A$0.77 per share and expiring 22 November 2013.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Expiry of Non-Executive Director Options

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Date of this Notice: 13 August 2012

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3