Director and Executive Officer Shareholding

16 Jan 2012 07:00

Bankers Petroleum Ltd. ("Bankers" or the "Company") Director and Executive Officer Shareholding

AIM: BNK

CALGARY, Jan. 15, 2012 /CNW/ - The Company announces that on January 11, 2012it granted the following stock options, all of which are exercisable intocommon shares of the Company at a price of $4.83 Cdn. per share, to Directorsand Executive Officers of the Company, in accordance with the Company'sEmployee Stock Option Plan:Name No. of Options Granted Abdel F. (Abby) Badwi 500,000 President, Chief Executive Officer and Vice Chair Douglas C. Urch 350,000 Executive Vice President, Finance and Chief Financial Officer Suneel Gupta 350,000 Executive Vice President and Chief Operating Officer Robert Cross 75,000 Chairman and Director Eric Brown 50,000 Director Jonathan Harris 50,000 Director John Zaozirny 50,000 Director Phil Knoll 50,000 Director Wesley Clark 50,000 Director Ian McMurtrie 50,000 Director

The options will expire on January 10, 2017 and are subject to the following vesting provisions: one-third shall vest and become exercisable immediately; one-third shall vest and become exercisable on each of the first and second anniversaries of the date of grant.

The Company announces that on January 13, 2012 it was notified that certain members of Bankers' Board of Directors and an Executive Officer exercised a portion of their stock options (those which expire on Jan 15, 2012), thereby acquiring the following shares:

Name Date of Stock Options Exercise Price Exercise Exercised (Cdn.$) Robert Cross January 13, 83,333 1.68 Chairman and Director 2012 Jonathan Harris January 13, 66,667 1.68 Director 2012 Suneel Gupta January 11, 52,833 1.68 Executive Vice President and Chief 2012 Operating Officer The Company announces that on January 13, 2012 it was notified that anExecutive Officer exercised share purchase warrants, thereby acquiring thefollowing shares:Name Date of Warrants Exercise Price Exercise Exercised (Cdn.$) Douglas C. Urch January 10,000 2.37 Executive Vice President, Finance and 13, 2012 Chief Financial Officer

The Company announces that on January 13, 2012 it was notified that a Director sold the following shares:

Name Date of Sale Shares Sold Total Sale Price Total Number of

(Cdn. $) Common Shares Held After Transaction Eric Brown January 11, 2012 10,400 49,743 170,766 Director January 12, 2012 59,600 286,314 111,166

As at January 13, 2012, the Company had 248,003,936 issued and outstanding common shares.

For further information:

Doug Urch Executive Vice President, Finance and Chief Financial Officer Ph: (403) 513-2691

Email: investorrelations@bankerspetroleum.comWebsite: www.bankerspetroleum.comAIM NOMAD:Canaccord Genuity LimitedRyan Gaffney/ Henry Fitzgerald-O'Connor+44 20 7050 6500AIM JOINT BROKERS: Canaccord Genuity Limited Macquarie Capital Advisors Ryan Gaffney/ Henry Fitzgerald-O'Connor Ben Colegrave/Paul Connolly+44 20 7050 6500 +44 20 3037 5639 (BNK, BNK.)