Director/PDMR Shareholding

23 Jul 2012 07:00

July 20, 2012

AIM: BNK

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

Director and Executive Officer Shareholding

The Company announces that on July 18, 2012, the following stock options previously granted to Directors and Executive Officers of the Company in accordance with the Company's Employee Stock Option Plan were cancelled, effective July 11, 2012:

Suneel GuptaJanuary 12, 2015Craig NardoneLeonida CoboJanuary 12, 2015Mark HodgsonAugust 17, 2015Bayne AssmusJanuary 12, 2015Robert CrossJanuary 12, 2015Eric BrownJanuary 12, 2015Jonathan HarrisJanuary 12, 2015John ZaozirnyJanuary 12, 2015Phil KnollJanuary 12, 2015Wesley ClarkJanuary 12, 2015Ian McMurtrieJanuary 12, 2015Abdel F. (Abby) BadwiJanuary 12, 2015

Name No. of Exercise Expiry Date Options Price Cancelled Douglas C. Urch 350,000 $6.26 January 12, 2015 Executive Vice President, 350,000 $8.36 January 20, 2016 Finance and Chief Financial Officer Executive 250,000 $6.26 Vice President and Chief Operating Officer 300,000 $8.36 January 20, 2016 200,000 $8.56 April 12, 2016 Vice 120,000 $6.26 January President, 12, Exploration 2015 and Development 150,000 $8.58 January 13, 2016 200,000 $8.56 April 12, 2016 Vice 180,000 $6.26 President and General Director, Bankers Petroleum Albania Limited 200,000 $8.36 January 20, 2016 150,000 $8.56 April 12, 2016 Vice 100,000 $6.80 President, Business Development 50,000 $9.12 March 24, 2015 200,000 $8.36 January 20, 2016 100,000 $8.56 April 12, 2016 Vice 120,000 $6.26 President, Production and Operations 150,000 $8.58 January 13, 2016 250,000 $8.56 April 12, 2016 Robert Carss, 100,000 $8.08 March 27, 2016

Vice President, Health, Safety,

Social and Environment Richard Pawluk 25,000 $6.26 January 12, 2015 Corporate Secretary 25,000 $8.36 January 20, 2016 Chairman and 75,000 $6.26 Director 75,000 $8.36 January 20, 2016 Director 50,000 $6.26 50,000 $8.36 January 20, 2016 Director 50,000 $6.26 50,000 $8.36 January 20, 2016 Director 50,000 $6.26 50,000 $8.36 January 20, 2016 Director 50,000 $6.26 50,000 $8.36 January 20, 2016 Director 50,000 $6.26 50,000 $8.36 January 20, 2016 Director 350,000 $6.26 350,000 $8.36 January 20, 2016 President, 500,000 $6.26 Chief Executive Officer and Vice Chair 500,000 $8.36 January 20, 2016

As at July 20, 2012, the Company had 252,924,705 issued and outstanding common shares.

For further information, contact:

Doug Urch

Executive Vice President, Finance and Chief Financial Officer

Ph: (403) 513-2691

Email: investorrelations@bankerspetroleum.com

Website: www.bankerspetroleum.com

AIM NOMAD:Canaccord Genuity LimitedHenry Fitzgerald-O'Connor+44 20 7050 6500AIM JOINT BROKERS:

Canaccord Genuity Limited Macquarie Capital Advisors

Ryan Gaffney/ Henry Fitzgerald-O'Connor Paul Connolly

+44 20 7050 6500 +44 20 3037 5639