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BANKERS PETROLEUM LIMITED: Director and Executive Officer Shareholding


BANKERS PETROLEUM LIMITED: Director and Executive Officer Shareholding AIM: BNK

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

Director and Executive Officer Shareholding

The Company announces that on March 21, 2013 it granted the following stock options, all of which are exercisable into common shares of the Company at a price of Cdn$2.92 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 828,000 President, Chief Executive Officer and Vice Chair

Ian McMurtrie 112,000 Director

Douglas C. Urch 112,000 Executive Vice President, Finance and Chief Financial Officer

Suneel Gupta 28,000 Executive Vice President and Chief Operating Officer

David French, 2,000,000 President and Chief Executive Officer (effective April 1, 2013)

The options will expire on March 20, 2018 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 March 21, 2013 it granted the following performance share purchase warrants to an Executive Officer of the Company, which are exercisable into common shares of the Company at an exercise price of Cdn$2.92 per share as set forth below:

Name No. of Warrants

Granted

David French, 600,000 President and Chief Executive Officer (effective April 1, 2013)

The share purchase warrants will expire on March 20, 2016 and are subject to the following vesting provisions: one-third shall vest and become exercisable when the shares of the Company are trading at a price of Cdn$4.00 per share and above; one-third shall vest and become exercisable when the shares of the Company are trading at a price of Cdn$4.50 per share and above; and one-third shall vest and become exercisable when the shares of the Company are trading at a price of Cdn$5.00 per share and above.

As at March 21, 2013, the Company had 253,871,984 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 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

END

-0- Mar/26/2013 08:00 GMT

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