Executive Officer and Director Shareholdings

May 21, 2013 AIM: BNK

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

Executive Officer and Director Shareholdings

The Company announces that on May 17, 2013 it was notified that an ExecutiveOfficer sold the following shares:

Total Total Number ofName Date of Sale Shares Sold Proceeds Common Shares Held (Cdn. $) After Transaction Douglas C. Urch Executive Vice May 17, 2013 200,000 600,000 725,913President, Financeand Chief FinancialOfficer

The Company announces that on May 17, 2013 it was notified that certainExecutive Officers exercised a portion of their stock options, therebyacquiring the following shares:

Stock Exercise Total Number ofName Date of Options Price Common Shares Exercise Exercised (Cdn.$) Held After Transaction Douglas C. Urch Executive Vice May 17, 2013 22,222 2.37 748,135President, Finance andChief FinancialOfficer Suneel GuptaExecutive Vice May 17, 2013 33,333 2.37 285,357President and ChiefOperating Officer

The Company announces that on May 17, 2013 it was notified that an ExecutiveOfficer sold the following shares:

Total Total Number ofName Date of Sale Shares Sold Proceeds Common Shares Held (Cdn. $) After Transaction Suneel GuptaExecutive Vice May 17, 2013 33,333 96,665.70 252,024President and ChiefOperating Officer

For further information, contact:

Doug Urch

Executive VP, Finance and Chief Financial Officer

Ph: (403) 513-2691

Email: investorrelations@bankerspetroleum.com

Website: www.bankerspetroleum.com

AIM NOMAD: Canaccord Genuity Limited Henry Fitzgerald-O'Connor +44 0 207 523 8000 AIM BROKER: FirstEnergy Capital LLP

Hugh Sanderson / David van Erp

+44 0 207 448 0200