Bankers Petroleum Ltd. - Director Shareholding

23 May 2008 07:00

Bankers Petroleum Ltd. (the "Company") - Director Shareholding

AIM: BNK

CALGARY, May 22 /CNW/ - The Company announces that on 20th May 2008 it was notified that the following member of Bankers' Board undertook the following transfers of shares, which result in no change in beneficial ownership of the Company:

Shares Transaction Director Swapped Date From To ------------------------------------------------------------------------- Robert Cross 2,312,500 May 16, 2008 Robert Cross Paloduro Chairman Investments Inc. Robert Cross 4,293,928 May 16, 2008 Robert Cross Paloduro Chairman Investments Inc. Total Number Common Shares Held After Transaction ------------------------------------------------------------------------- Robert Cross 4,275,746 Paloduro 20,836,754 Investments Inc

NB: Robert Cross is the sole officer, director and beneficiary of Paloduro Investments Inc.

For further information: Susan J. Soprovich, VP, Investor Relations andCorporate Governance, Ph: (403) 513-2681, Email:investorrelations(at)bankerspetroleum.com, Website: www.bankerspetroleum.com;AIM NOMAD: Canaccord Adams Limited, Ryan Gaffney/Henry Fitzgerald-O'Connor,+44 20 7050 6500; AIM JOINT BROKER: Canaccord Adams Limited, RyanGaffney/Henry Fitzgerald-O'Connor, +44 20 7050 6500; Tristone Capital Ltd.,Nick Morgan, +44 20 7355 5800(BNK)