Continuance into Alberta and Amendments to Bylaw No. 1

Bankers Petroleum Announces Continuance into Alberta and Amendments to Bylaw No. 1 2013 Financial Results To Be Released March 13, 2014 CALGARY, March 10, 2014 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the"Company") (TSX: BNK, AIM: BNK) today announced that it has finalized itscorporate registration into the Province of Alberta from the Province ofBritish Columbia pursuant to the Business Corporations Act (Alberta). Thecontinuance into Alberta was approved at the annual general and special meetingof the Company's shareholders held on May 21, 2013 (the "Meeting"). The continuance was effected to align the Company's registration with thelocation of its head office, Directors and Officers and to position the Companyto issue, on a tax effective basis, stock based dividends in the future shouldit choose to do so. In addition, Bankers also announced that its Board of Directors has approvedand adopted amendments to By-Law No. 1, which was adopted by the Company uponits continuance into Alberta. As disclosed in the Company's press release onMay 13, 2013, the Company's Board agreed to amend By-Law No. 1 following thecontinuance based on feedback the Company received from some of itsshareholders and certain proxy advisory firms. By-Law No. 1 now provides that a quorum at a meeting of the Company'sshareholders will be present if two persons holding not less than fifteenpercent (15%) of the shares entitled to vote thereat are present in person orrepresented by proxy. The Company believes this quorum threshold is higher thanthe shareholder quorum thresholds established by its peers and is in keepingwith good corporate governance practices. By-Law No. 1 now also provides that the Company's Board of Directors may waiveany requirement under the advance notice provisions of By-Law No. 1 relating tothe nomination of candidates for election to the Company's Board of Directors.The Company believes this will afford the Board more flexibility in respondingto Director nominations, but will not obligate the Board to waive any noticerequirements where the Board does not consider it prudent to do so. These amendments take effect immediately. The Company's shareholders will beasked to confirm these amendments to By-Law No. 1 at the next shareholders'meeting. Please note that none of the foregoing should be construed as any indicationthat the Company will issue stock based dividends in the future or at all. 2013 Financial Results Release Date Bankers Petroleum Ltd. is scheduled to release its 2013 Financial Results onThursday, March 13, 2014 at 5:00 am MDT (7:00 am EDT, 12:00 pm GMT). 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 Laura BechtelInvestor Relations Analyst(403) 513-3428 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

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