BANKERS PETROLEUM LIMITED: Executive Officer and Director Shareholdings

BANKERS PETROLEUM LIMITED: Executive Officer and Director Shareholdings 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 Limited

Henry Fitzgerald-O'Connor

+44 20 7523 8000

AIM JOINT BROKERS:

Canaccord Genuity Limited Macquarie Capital Advisors

Henry Fitzgerald-O'Connor Paul Connolly

+44 20 7523 8000 +44 20 3037 5639

END

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