RotoLink Banner Exchange
Free Banner Exchange And Add Your Link Directory Will Get You Guaranteed Exposure
http://www.rotolink.com/

Ad Center 2000 NG Pro
Banner exchange system that can handle up to 4,300,000 ads a day. Features include ability to find abusive members, multi-banner support, default banner to avoid broken images, and banner screening. [Commercial]
http://www.td-systems.com/products/adc2000ngpro.html

Christian Banner Exchange Network
Christian Banner Exchange Network. 3,000 free impressions to start you account. Tons of internet resources as well for your use. Lots of free stuff too! Christian Web Design $15.00 per page for Churches, Ministries & Non Profit Organizations. $25.00-$45.00 per page for all others!
http://www.cben1.net/

HIOX Free Banner Ad Rotator
HIOX PHP SCRIPTS, free image rotation script using php. This free banner rotate script is developed using php and javascript.
http://www.hscripts.com/scripts/php/bannerRotator.php

Hey Banner, Banner
The Banner Guy, who designs nothing but banner ads Banner ad designer banner design web banner flash
http://heybannerbanner.com/

Banner-Adverts
Welcome to the world of Internet advertising from Scotland's leading banner advertising and link exchange network. Impressions and exposures where they count.
http://nnh.co.uk/ad-net/

Minerals Banner Network
Minerals Banner Network, On our exchanging Net are accepted: sites of mineralogical and geological subject; personal pages of mineral and fossil collectors; sites of museums of Earth sciences (i.e. mineralogy, paleontology, geology, etc); sites and home pages of individual researchers, institutes, and laboratories, whose activity is connected with mineralogy and Earth sciences; sites of single mineralogists and geologists; sites of shops and dealers of minerals, fossils and ancillary goods (books, instruments, etc)
http://www.mineralogist.ru/MBN/

My Fit Banner
myfitbanner.com is a Free banner exchange for fitness, health and wellness sites.
http://www.myfitbanner.com/

Banner Rage
Not only do you earn a full one to one banner exchange, Its FREE! Join the FASTEST growing exchange on the net (& the coolest exchange on the planet today) - FREE!
http://www.bannerrage.com/

Flex Banner
Exchange banners in several sizes and shapes with the rest of the world for FREE. FlexBanner has more features than ANY other bannerservices today. TRY US, You will not regret it !
http://www.flexbanner.com/