Bankers Petroleum Announces Continuance into Alberta and Amendments to Bylaw No. 1

 Bankers Petroleum Announces Continuance into Alberta and Amendments to Bylaw
                                    No. 1

PR Newswire

CALGARY, March 10, 2014

2013 Financial Results To Be Released March 13, 2014

CALGARY, March 10, 2014 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or
the "Company") (TSX: BNK, AIM: BNK) today announced that it has finalized its
corporate registration into the Province of Alberta from the Province of
British Columbia pursuant to the Business Corporations Act (Alberta). The
continuance into Alberta was approved at the annual general and special
meeting of the Company's shareholders held on May 21, 2013 (the "Meeting").

The continuance  was effected  to align  the Company's  registration with  the 
location of  its head  office,  Directors and  Officers  and to  position  the 
Company to  issue, on  a tax  effective basis,  stock based  dividends in  the 
future should it choose to do so.

In addition, Bankers also announced that  its Board of Directors has  approved 
and adopted amendments to By-Law No. 1, which was adopted by the Company  upon 
its continuance into Alberta. As disclosed in the Company's press release  on 
May 13, 2013, the Company's Board agreed  to amend By-Law No. 1 following  the 
continuance  based  on  feedback  the  Company  received  from  some  of   its 
shareholders and certain proxy advisory firms.

By-Law No.  1  now provides  that  a quorum  at  a meeting  of  the  Company's 
shareholders will be  present if  two persons  holding not  less than  fifteen 
percent (15%) of the shares entitled to vote thereat are present in person  or 
represented by proxy. The  Company believes this  quorum threshold is  higher 
than the shareholder  quorum thresholds  established by  its peers  and is  in 
keeping with good corporate governance practices.

By-Law No. 1 now also provides that the Company's Board of Directors may waive
any requirement under the advance notice  provisions of By-Law No. 1  relating 
to the  nomination  of candidates  for  election  to the  Company's  Board  of 
Directors. The Company believes this  will afford the Board more  flexibility 
in responding to  Director nominations,  but will  not obligate  the Board  to 
waive any notice requirements where the Board does not consider it prudent  to 
do so.

These amendments take effect immediately. The Company's shareholders will be
asked to confirm these amendments to By-Law No. 1 at the next shareholders'
meeting.

Please note that none of the  foregoing should be construed as any  indication 
that the Company will issue stock based dividends in the future or at all.

2013 Financial Results Release Date

Bankers Petroleum Ltd. is scheduled to release its 2013 Financial Results on
Thursday, March 13, 2014 at 5:00 am MDT (7:00 am EDT, 12:00 pm GMT).

About Bankers Petroleum Ltd.

Bankers Petroleum  Ltd.  is  a  Canadian-based oil  and  gas  exploration  and 
production company  focused on  developing  large oil  and gas  reserves.  In 
Albania, Bankers operates and has the full rights to develop the Patos-Marinza
heavy oilfield,  has  a 100%  interest  in the  Kuçova  oilfield, and  a  100% 
interest in Exploration Block "F". Bankers' shares are traded on the  Toronto 
Stock Exchange and the  AIM Market in London,  England under the stock  symbol 
BNK.

SOURCE Bankers Petroleum Ltd.

Contact:

David French
President and Chief Executive Officer
(403) 513-6930

Doug Urch
Executive VP, Finance and Chief Financial Officer
(403) 513-2691

Laura Bechtel
Investor Relations Analyst
(403) 513-3428

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
 
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