Bannerman Energy : Etango-8 Mining licence application submitted

Bannerman Resources Limited

Registration No. ABN 34 113 017 128

Registered as an external company in Namibia

ISIN Code: AU000000BMN9

NSX Share Code: BMN

ETANGO-8 MINING LICENCE APPLICATION SUBMITTED

Bannerman Energy Limited (ASX:BMN; OTCQB:BNNLF, NSX:BMN) (Bannerman or the Company) advises that it has lodged its Mining Licence (ML) Application for the proposed Etango-8 uranium mine with the Namibian Ministry of Mines and Energy (MME).

The Company now commences the engagement process with the MME for the grant of the ML. This includes submission of the Etango-8 Definitive Feasibility Study (DFS), which is on schedule to be completed during the December quarter.

Bannerman already has Environmental Clearance Certificates (ECC) for the Etango Uranium Project and linear infrastructure, which remain current. The ECCs were based on an extensive Environmentaland Social Impact Assessment and Environmental and Social Management Plan.

Bannerman Managing Director and CEO, Brandon Munro commented:

"We are pleased to have formally lodged our application with the MME for a Mining Licence at Etango. This is the culmination of extensive technical and economic evaluation of the Etango Project, includingmore recently on the fast-trackedEtango-8 development route. We can demonstrate a robust development case at Etango, which also delivers extensive social and economic benefits to local communities and the nation of Namibia. We now look forward to the completion of the Etango-8 DFSand working with the MME towards grant of the Etango ML."

This ASX release was authorised on behalf of the Bannerman Energy Board by: Brandon Munro, Chief Executive Officer

The full document can be accessed at the following link:

https://wcsecure.weblink.com.au/clients/bannermanresources/headline.aspx?headlineid=61103172

For and on behalf of Bannerman Energy Ltd by

Steve Herlihy

Company Secretary

4 August 2022

Registered Office

Bannerman Minig Resources Namibia (Pty) Ltd Registration no. 2005/115

71 Seeadler Street, Vineta Swakopmund

Namibia

Sponsor

IJG Securities (Pty) Ltd Member of the NSX

4th Floor, 1@Steps, C/O Grove and Chasie Street, Klein Kuppe P O Box 186, Windhoek, Namibia

Registration No. 95/505