Director Dealings

4 Jul 2008 07:00

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

AIM: BNK

CALGARY, July 4 /CNW/ - The Company announces that on 3rd of July 2008 it was notified that the following members of Bankers' Board and officers exercised the following options on the 2nd of July:

Director Options Exercise Sale Total Number of Common Exercised Price Price Shares After Transaction ------------------------------------------------------------------------- Richard Wadsworth 66,000 CDN$0.52 n/a 736,000 President & COO Wolf Regener 720,000 CDN$0.80 n/a 2,353,333 Executive V.P. Victor 700,000 CDN$0.22 n/a 6,250,000 Redekop 130,000 CDN$0.64 n/a Director 120,000 CDN$0.52 n/a John Zaozirny 41,666 CDN$0.52 n/a 1,216,664 Director

The Company announces that on 30th of June 2008 the Company granted the following options, all of which are exercisable into common shares of the Company at a price of CDN$1.80, to new Directors of the Company:

Director Options Granted ------------------------------------------------------------------------- Phil Knoll 450,000 Director Wesley Clark 450,000 DirectorFor 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, Adam Janikowski, +44 20 70506500(BNK)