Director/PDMR Shareholding

19 Nov 2012 07:00

November 19, 2012 AIM: BNK

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

Director Shareholdings

The Company announces that on November 14, 2012 it granted the following stock options, all of which are exercisable into common shares of the Company at a price of $2.62 Cdn. per share, to Directors and Executive Officers of the Company, in accordance with the Company's Employee Stock Option Plan:

Name No. of Options Granted Abdel F. (Abby) Badwi 810,000 President, Chief Executive Officer and Vice Chair Douglas C. Urch 567,000 Executive Vice President, Finance and Chief Financial Officer Suneel Gupta 635,500 Executive Vice President and Chief Operating Officer Craig Nardone 396,800 Vice President, Exploration and Development Leonida Cobo 403,700 Vice President and General Director, Bankers Petroleum Albania Limited Mark Hodgson 362,500 Vice President, Business Development Bayne Assmus 425,300 Vice President, Production and Operations Robert Carss, 237,000 Vice President, Health, Safety, Social and Environment Richard Pawluk 40,500 Corporate Secretary Robert Cross 121,500 Chairman and Director Eric Brown 81,000 Director Jonathan Harris 81,000 Director John Zaozirny 81,000 Director Phil Knoll 81,000 Director Wesley Clark 81,000 Director Ian McMurtrie 267,000 Director

The options will expire on November 13, 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 November 14, 2012 it was notified that a Director sold the following shares:

Total Sale Total Number of Name Date of Sale Shares Sold Price (Cdn. Common Shares Held $) After Transaction Eric Brown 15,000 38,250.00 November 14, 2012 (1) 86,166 Director (1) 8,461 (1) 21,998.60

(1) Transfer of shares from personal trading account to registered retirement savings account - no change in beneficial ownership.

The Company announces that on November 14, 2012 it was notified a Directorexercised a portion of his stock option, thereby acquiring the followingshares: Name Date of Stock Options Exercise Price Exercise Exercised (Cdn.$) Robert Cross November 14, 2012 60,000 1.35 Director

The Company announces that on November 15, 2012 it was notified that a Director sold the following shares:

Total Sale Total Number of Name Date of Sale Shares Sold Price (Cdn. Common Shares Held $) After Transaction Jonathan Harris November 15, 2012 11,667 27,766.29 171,667 Director The Company announces that on November 15, 2012 it was notified a Directorexercised a portion of his stock option, thereby acquiring the followingshares: Name Date of Stock Options Exercise Price Exercise Exercised (Cdn.$) Jonathan Harris November 15, 2012 56,667 1.35 Director

For further information, contact:

Doug UrchExecutive VP, Finance and Chief Financial OfficerPh: (403) 513-2691Email: investorrelations@bankerspetroleum.com

Website: www.bankerspetroleum.com

AIM NOMAD:Canaccord Genuity LimitedHenry Fitzgerald-O'Connor+44 20 7523 8000 AIM JOINT BROKERS:Canaccord Genuity Limited Macquarie CapitalAdvisors Paul ConnollyHenry Fitzgerald-O'Connor +44 20 3037 5639+44 20 7523 8000