Bankers Petroleum Exploration Well Update

Bankers Petroleum Exploration Well Update Block "F" Exploration Well Suspended CALGARY, July 23, 2013 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the"Company") (TSX: BNK, AIM: BNK) reports that the 5350 Block "F" well in Albaniareached a total depth of 2,776 meters measured depth on July 17, 2013. Petrophysical and geological information indicates that the well did notencounter any hydrocarbon bearing zones that would merit testing. The well wassuspended. This is the second exploration well in Block "F", completing Bankers two wellcommitment on the block. Technical evaluation of the block will continue intothe fall and Bankers is reviewing several other prospects including a seismicprogram in the next two years. Bankers is pleased to note that the Trans Adriatic Pipeline (TAP) has recentlybeen selected for transport of gas from the Shah Deniz gas field in Azerbaijanthrough Greece and Albania into Italy as early as 2019. This planned expansionof natural gas infrastructure in Albania may provide a long term alternative toBankers' power and steam generation needs. --------- Review by Qualified Person This release was reviewed by Suneel Gupta, Executive Vice President and COO ofBankers Petroleum Ltd., who is a "qualified person" under the rules andpolicies of AIM in his role with the Company and due to his training as aprofessional petroleum engineer (member of APEGA) with over 20 years'experience in domestic and international oil and gas operations. 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 FrenchPresident and Chief Executive Officer(403) 513-6930 Doug UrchExecutive VP, Finance and Chief Financial Officer(403) 513-2691 Mark HodgsonVP, Business Development(403) 513-2695 Email: investorrelations@bankerspetroleum.comWebsite: www.bankerspetroleum.com AIM NOMAD:Canaccord Genuity LimitedHenry Fitzgerald-O'Connor+44 0 207 523 8000 AIM BROKER:FirstEnergy Capital LLPHugh Sanderson / David van Erp+44 0 207 448 0200

(BNK. BNK)