Director and Executive Officer Shareholding

24th Jan 2011 07:00

Bankers Petroleum Ltd. ("Bankers" or the "Company") - Director and Executive Officer Shareholding

AIM: BNK

CALGARY, Jan. 24 /CNW/ - The Company announces that on January 21, 2011 it granted the following stock options, all of which are exercisable into common shares of the Company at a price of $8.36 Cdn. 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 500,000 President and Chief Executive Officer Douglas C. Urch 350,000 Executive VP, Finance and Chief Financial Officer Ian McMurtrie 350,000 Executive VP, Exploration and Development Robert Cross 75,000 Chairman and Director Eric Brown 50,000 Director Jonathan Harris 50,000 Director John Zaozirny 50,000 Director Phil Knoll 50,000 Director Wesley Clark 50,000 Director

The options will expire on January 20, 2016 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.

As at January 21, 2011 the Company had 246,434,101 issued and outstanding common shares.

For further information: Doug Urch, Executive VP, Finance and Chief Financial Officer, Ph: (403) 513-2691, Email: investorrelations(at)bankerspetroleum.com, Website: www.bankerspetroleum.com; AIM NOMAD: Canaccord Genuity Limited, Ryan Gaffney/Henry Fitzgerald-O'Connor, +44 20 7050 6500; AIM JOINT BROKERS: Canaccord Genuity Limited, Ryan Gaffney/Henry Fitzgerald-O'Connor, +44 20 7050 6500; Macquarie Capital Advisors, Ben Colegrave/Paul Connolly, +44 20 3037 5639

(BNK.)

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