Director Shareholding

17 Jan 2011 07:00

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

AIM: BNK

CALGARY, Jan. 17 /CNW/ - The Company announces that on January 14, 2011 it was notified that a member of Bankers' Board of Directors sold the following shares on January 13, 2011:

Total Number of Common Shares Held Name Total Shares Sold Total Proceeds (Cdn.$) After Transaction ------------------------------------------------------------------------- Robert Cross Director 1,000,000 8,650,000 3,220,267

The Company announces that on January 14, 2011 it was notified that a member of Bankers' Board of Directors exercised a portion of his stock options, thereby acquiring the following shares:

Stock Options Exercise Price Name Date of Exercise Exercised (Cdn.$) ------------------------------------------------------------------------- Phil Knoll Director January 13, 2011 50,000 1.05 50,000 4.74

The Company announces that on January 14, 2011 it was notified that a member of Bankers' Board of Directors sold the following shares:

Total Number of Total Sale Common Shares Held Name Date of Sale Shares Sold Price (Cdn. $) After Transaction ------------------------------------------------------------------------- Phil Knoll Director January 13, 2011 100,000 868,000 50,000

The Company announces that on January 14, 2011 it was notified that three executive officers of Bankers exercised a portion of each of his stock options, thereby acquiring the following shares:

Stock Options Exercise Price Name Date of Exercise Exercised (Cdn.$) ------------------------------------------------------------------------- Abdel F. (Abby) Badwi President and CEO January 12, 2011 573,000 1.05 Ian McMurtrie VP, Exploration and Development January 12, 2011 280,000 1.05 200,000 1.53 Douglas Urch Executive VP, Finance and CFO January 12, 2011 280,000 1.05

The Company announces that on January 14, 2011 it was notified that three executive officers of Bankers sold the following shares:

Total Number of Total Sale Common Shares Shares Price Held After Name Date of Sale Sold (Cdn. $) Transaction ------------------------------------------------------------------------- Abdel F. (Abby) Badwi President and Chief January 13, Executive Officer 2011 500,000 4,325,000 1,073,001 Ian McMurtrie VP, Exploration and January 12, Development 2011 480,000 4,152,000 533,333 Douglas Urch Executive VP, January 13, Finance and CFO 2011 270,000 2,335,500 631,389

For further information: Doug Urch, Executive VP, Finance and Chief Financial Officer, Ph: (403) 513-2691, Email: investorrelations(at)bankerspetroleum.com, Website: www.bankerspetroleum.com; AIM NOMAD: Canaccord Genuity Limited, Ryan Gaffney, Henry Fitzgerald-O'Connor, +44 20 7050 6500; AIM JOINT BROKERS: Canaccord Genuity Limited, Ryan Gaffney, Henry Fitzgerald-O'Connor, +44 20 7050 6500; Macquarie Capital Advisors, Ben Colegrave, Paul Connolly, +44 20 3037 5639

(BNK.)