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Correction : Director/PDMR Shareholding

23 Jul 2012 16:52

The below Bankers Petroleum Ltd. release is a reformatted version of the original that crossed the UK disclose on July 23 at 07:00 UK Time. Full reformatted version follows:

AIM: BNK

Bankers Petroleum Ltd. ("Bankers" or the "Company")

Director and Executive Officer Shareholding

The Company announces that on July 18, 2012, the following stock optionspreviously granted to Directors and Executive Officers of the Company inaccordance with the Company's Employee Stock Option Plan were cancelled,effective July 11, 2012: No. of Exercise Expiry Date Name Options Price Cancelled Douglas C. Urch 350,000 $6.26 January 12, 2015 Executive Vice President, Finance 350,000 $8.36 January 20, 2016 and Chief Financial Officer Suneel Gupta 250,000 $6.26 January 12, 2015 Executive Vice President and Chief 300,000 $8.36 January 20, 2016 Operating Officer 200,000 $8.56 April 12, 2016 Craig Nardone 120,000 $6.26 January 12, 2015 Vice President, Exploration and 150,000 $8.58 January 13, 2016 Development 200,000 $8.56 April 12, 2016 Leonida Cobo 180,000 $6.26 January 12, 2015 Vice President and General Director, 200,000 $8.36 January 20, 2016 Bankers Petroleum Albania Limited 150,000 $8.56 April 12, 2016 Mark Hodgson 100,000 $6.80 August 17, 2015 Vice President, Business 50,000 $9.12 March 24, 2015 Development 200,000 $8.36 January 20, 2016 100,000 $8.56 April 12, 2016 Bayne Assmus 120,000 $6.26 January 12, 2015 Vice President, Production and 150,000 $8.58 January 13, 2016 Operations 250,000 $8.56 April 12, 2016 Robert Carss, 100,000 $8.08 March 27, 2016 Vice President, Health, Safety, Social and Environment Richard Pawluk 25,000 $6.26 January 12, 2015 Corporate Secretary 25,000 $8.36 January 20, 2016 Robert Cross 75,000 $6.26 January 12, 2015 Chairman and Director 75,000 $8.36 January 20, 2016 Eric Brown 50,000 $6.26 January 12, 2015 Director 50,000 $8.36 January 20, 2016 Jonathan Harris 50,000 $6.26 January 12, 2015 Director 50,000 $8.36 January 20, 2016 John Zaozirny 50,000 $6.26 January 12, 2015 Director 50,000 $8.36 January 20, 2016 Phil Knoll 50,000 $6.26 January 12, 2015 Director 50,000 $8.36 January 20, 2016 Wesley Clark 50,000 $6.26 January 12, 2015 Director 50,000 $8.36 January 20, 2016 Ian McMurtrie 350,000 $6.26 January 12, 2015 Director 350,000 $8.36 January 20, 2016 Abdel F. (Abby) Badwi 500,000 $6.26 January 12, 2015 President, Chief Executive Officer and Vice Chair 500,000 $8.36 January 20, 2016

As at July 20, 2012, the Company had 252,924,705 issued and outstanding common shares.

For further information, contact:

Doug Urch

Executive Vice President, Finance and Chief Financial Officer

Ph: (403) 513-2691

Email: investorrelations@bankerspetroleum.com

Website: www.bankerspetroleum.com

AIM NOMAD:Canaccord Genuity LimitedHenry Fitzgerald-O'Connor+44 20 7050 6500AIM JOINT BROKERS:Canaccord Genuity Limited Macquarie Capital Advisors

Ryan Gaffney/ Henry Fitzgerald-O'Connor Paul Connolly +44 20 7050 6500

+44 20 3037 5639

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