Director and Executive Officer Shareholding

BANKERS PETROLEUM LIMITED - Director and Executive Officer Shareholding

PR Newswire

London, March 26

AIM: BNK

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

Director and Executive Officer Shareholding

The Company announces that on March 21, 2013 it granted the following stockoptions, all of which are exercisable into common shares of the Company at aprice of Cdn$2.92 per share, to Directors and Executive Officers of theCompany, in accordance with the Company's Employee Stock Option Plan:

The options will expire on March 20, 2018 and are subject to the followingvesting provisions: one-third shall vest and become exercisable immediately;one-third shall vest and become exercisable on each of the first and secondanniversaries of the date of grant.

The Company announces that on March 21, 2013 it granted the followingperformance share purchase warrants to an Executive Officer of the Company,which are exercisable into common shares of the Company at an exercise price ofCdn$2.92 per share as set forth below:

The share purchase warrants will expire on March 20, 2016 and are subject tothe following vesting provisions: one-third shall vest and become exercisablewhen the shares of the Company are trading at a price of Cdn$4.00 per share andabove; one-third shall vest and become exercisable when the shares of theCompany are trading at a price of Cdn$4.50 per share and above; and one-thirdshall vest and become exercisable when the shares of the Company are trading ata price of Cdn$5.00 per share and above.

As at March 21, 2013, the Company had 253,871,984 issued and outstanding commonshares.