BNK.L Regulatory News (BNK)

BANKERS PETROLEUM LIMITED - Result of AGM

PR Newswire

London, May 22

Bankers Petroleum announces annual meeting voting results and election ofdirectors

CALGARY, May 22, 2013 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the"Company") (TSX: BNK, AIM: BNK) is pleased to announce that 179,621,461 shares(70.75% of the Company's outstanding shares) were represented at the AnnualGeneral and Special Meeting of Shareholders held on May 21, 2013 (the"Meeting"). All of the eight Director nominees proposed in the Company'smanagement information circular, dated April 18, 2013, were elected asDirectors of the Company. The voting results for each nominee are set outbelow:

Abdel F. Badwi 165,255,591 92.00 14,365,876 8.00

Jonathan Harris 157,580,326 87.73 22,041,135 12.27

John B. Zaozirny 164,498,207 91.58 15,123,254 8.42

In addition, Bankers reports that 84.22% of the shares represented in person orby proxy at the Meeting were voted in favour of approving its continuance fromthe Province of British Columbia into the Province of Alberta, pursuant to theBusiness Corporations Act (Alberta). Following its continuance into Alberta,as announced in the May 13, 2013 news release, the Company will amend itsbylaws in order to provide that the shareholder meeting quorum will be set attwo persons holding shares, in person or by proxy, representing at leastfifteen percent (15%) of the shares entitled to vote thereat and to permit theCompany's Board of Directors to waive any requirement under the advance noticeprovisions of its bylaws relating to the nomination of candidates for electionto the Company's Board of Directors.

Bankers also reports that 94.29% of the shares represented in person or byproxy at the Meeting were voted in favour of the continuation of itsShareholder Rights Plan ("SRP"). The Bankers SRP was initially adopted by theCompany's Board on April 1, 2010 and subsequently ratified by its shareholderson May 26, 2010. The SRP must be reconfirmed at every third annual meeting ofshareholders and, pursuant to the resolution passed by the Company'sshareholders at the Meeting, the SRP must next be reconfirmed by June 30, 2016.

About Bankers Petroleum Ltd.

Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration andproduction company focused on developing large oil and gas reserves. InAlbania, Bankers operates and has the full rights to develop the Patos-Marinzaheavy oilfield, has a 100% interest in the Kuçova oilfield, and a 100% interestin Exploration Block "F". Bankers' shares are traded on the Toronto StockExchange and the AIM Market in London, England under the stock symbol BNK.

SOURCE: Bankers Petroleum Ltd.

For further information:

David French President and Chief Executive Officer (403) 513-6930Doug Urch Executive VP, Finance and Chief Financial Officer (403) 513-2691Mark Hodgson VP, Business Development (403) 513-2695