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BANKERS PETROLEUM LIMITED: Director/PDMR Shareholding


November 13, 2013

AIM: BNK

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

Director and Executive Officer Shareholding

The Company announces that on November 12, 2013 it granted the following stock options, all of which are exercisable into common shares of the Company at a price of Cdn$3.95 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

Robert Cross 75,000 Chairman and Director

Eric Brown 50,000 Director

Jonathon Harris 50,000 Director

John Zaozirny 50,000 Director

Abdel F. (Abby) Badwi 50,000 Vice Chair

Ian McMurtrie 50,000 Director

Phil Knoll 50,000 Director

Wesley Clark 50,000 Director

David French 350,000 President and Chief Executive Officer

Douglas C. Urch 315,000 Executive Vice President, Finance and Chief Financial Officer

Suneel Gupta 315,000 Executive Vice President and Chief Operating Officer

Leonidha Cobo 180,000 Vice President and General Director, Bankers Petroleum Albania Ltd.

Mark Hodgson 180,000 Vice President, Business Development

Craig Nardone 180,000 Vice President, Exploration and Development

Bayne Assmus 180,000 Vice President, Production and Operations

Robert Carss 180,000 Vice President, Health, Safety, Social and Environment

Richard Pawluk 35,000 Corporate Secretary

Bruce Beveridge 45,000 Vice President, Engineering

The options will expire on November 11, 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 November 12, 2013 it amended the performance share warrants listed below, which were granted to an Executive Officer of the Company on March 21, 2013, to increase the exercise price from Cdn$2.92 to Cdn$3.08 per share.

Name No. of Warrants Granted

David French, 600,000 President and Chief Executive Officer

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, all of which must meet the target price for 20 consecutive business days on the Toronto Stock Exchange.

As at November 11, 2013, the Company had 254,880,313 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- Nov/13/2013 17:33 GMT

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