Bannerman Announces Quarterly Activities Report - Seite 3

The information in this report relating to the Ore Reserves of the Etango Project is based on information compiled or reviewed by Mr Harry Warries in April 2012. Mr Warries is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Warries was employed by Coffey Mining as an independent consultant to the Company at the time of the studies and public release of the results. As Mr Warries is now no longer employed by Coffey Mining, Coffey Mining has reviewed this report and consent to the inclusion, form and content of the relevant information herein from the original reports for which Mr Warries' consent has previously been given. Mr Warries has sufficient experience relevant to the style of mineralisation and types of deposits under consideration and to the activity which is being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves", and a Qualified Person as defined by Canadian National Instrument 43-101.

The information in this report that relates to Ore Reserves was prepared and first disclosed under the 2004 JORC Code. It has not been updated since to comply with the 2012 JORC Code on the basis that the information has not materially changed since it was last reported. All material assumptions and technical parameters underpinning the estimates of mineral resources continue to apply and have not materially changed.

All material assumptions detailed in this report and underpinning the production target and forecast financial information in the DFS (as previously announced on 10 April 2012 and reported on 30 January 2014 in compliance with Listing Rule 5.16 and 5.17) continue to apply and have not materially changed.

ABN 34 113 017 128

Bannerman Resources Limited
Len Jubber
Chief Executive Officer
Perth, Western Australia
[phone]
[e-mail]

Bannerman Resources Limited
Robert Dalton
Financial Controller & Company Secretary
Perth, Western Australia
[phone]
[e-mail]

Spyros Karellas
Investor Relations
Toronto, Ontario, Canada
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[e-mail]