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Bannerman Resources Limited: Bannerman Resources Completes the Settlement of Savanna Litigation

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PERTH, AUSTRALIA--(Marketwire - Jan. 16, 2009) - On 17 December 2008, Bannerman Resources Ltd (TSX:BAN)(ASX:BMN)(NSX:BMN) ("Bannerman") announced that it had reached agreement with Savanna Marble CC and certain associated parties ("Savanna") to settle the litigation brought by Savanna against Bannerman and others.

Bannerman is pleased to confirm that completion has occurred in accordance with the terms of the settlement agreement.

Len Jubber, Chief Executive Officer



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