Bannerman Energy (BMN) has announced changes to its Board and key executive roles, effective from early March 2024. After almost 15 years of dedicated service, Mr. Ronnie Beevor will be retiring from the Bannerman Board. As Non-Executive Chairman, Ronnie has been instrumental in guiding the Company through the post-Fukushima challenges of the entire nuclear industry and to its current position of financial strength and shovel-readiness at Etango.

Bannerman's current Managing Director and CEO, Mr. Brandon Munro, will assume the role of Executive Chairman. His key executive responsibilities will include ongoing leadership of the financing workstream for Etango, general corporate affairs, and capital markets interface. The terms of Brandon's employment will remain unchanged.

Ms Alison Terry will be appointed as Lead Independent Director. Alison joined the Bannerman Board in October 2022 bringing with her a high-performance record as a senior resources and corporate affairs executive with a deep understanding of sustainability, ESG dynamics, legal and corporate affairs, and the complexities of major operations. Mr. Gavin Chamberlain is to be the Company's new Chief Executive Officer (CEO).

Gavin joined Bannerman in February 2023 in the role of Chief Operating Officer. He is a deeply experienced minerals sector leader and project builder, with a substantial and successful track record in construction, engineering and project management, most particularly within the southern African mining industry. His professional experience includes being the responsible Project Director for the development of the $2 billion Husab Uranium Project in Namibia.

Gavin's key terms of employment as CEO are outlined in the Appendix to this release. The Bannerman Board will continue to evaluate and evolve its composition as appropriate as the business advances towards FID and construction of the Etango mine.