Executive Officer and Director Shareholdings

21 Nov 2012 15:58

November 21, 2012

AIM: BNK

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

Executive Officer and Director Shareholdings

The Company announces that on November 20, 2012 it was notified that certain Executive Officers and a Director exercised a portion of their stock options, thereby acquiring the following shares:

Name Date of Stock Exercise Total Number of Exercise Options Price Common Shares Exercised (Cdn.$) Held After Transaction Abdel F. (Abby) Badwi November 20, 419,444 1.53 1,512,445 2012 Director, President, Chief Executive Officer and Vice Chair Douglas C. Urch November 20, 256,667 1.53 923,056 2012 Executive Vice President, Finance and Chief Financial Officer Suneel Gupta November 20, 11,167 1.35 249,167 2012 Executive Vice President and Chief Operating Officer Ian McMurtrie November 20, 66,667 1.53 600,000 2012 Director

The Company announces that on November 20, 2012 it was notified that a Director sold the following shares:

Name Date of Sale Shares Sold Total Sale Total Number of Price (Cdn. Common Shares Held $) After Transaction Ian McMurtrie November 20, 2012 50,000 119,745.00 550,000 * Director

* Total shareholdings after both exercise of stock option and disposition of shares carried out subsequently.

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 LimitedHenry Fitzgerald-O'Connor+44 20 7523 8000AIM JOINT BROKERS:

Canaccord Genuity Limited Macquarie Capital Advisors

Henry Fitzgerald-O'Connor Paul Connolly

+44 20 7523 8000 +44 20 3037 5639