Bankers Petroleum Ltd. - Employee Stock Savings Plan

BANKERS PETROLEUM LIMITED - Bankers Petroleum Ltd. - Employee Stock Savings Plan

PR Newswire

London, January 23

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

Employee Stock Savings Plan

Further to the Company's announcement of January 16, 2013 regarding theimplementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleumwill report the purchases by directors and senior employees on a quarterlybasis. As such, the first announcement of such purchases will be released on oraround April 1, 2013.

Under the ESSP, employees may use up to 10% of their salary (matched equally bythe Company) to purchase Bankers Petroleum shares on the Toronto StockExchange, on each pay period (mid-month and month-end). Abby Badwi (CEO),Douglas Urch (CFO) and Suneel Gupta (COO) have elected to participate in theplan, with a participation level of 10% of each of their respective salaries.

Notification will be made if there is any change to the participation level ofdirectors and senior employees in the ESSP. Applicable Employees (as defined byAim Rules) will be prohibited from joining the ESSP and from changing orcancelling their contribution in any Close Period (as defined by the AIM Rulesfor Companies).

For further information, contact: