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Director Shareholding

18th May 2011 07:00

May 18, 2011 AIM: BNK

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

Director Shareholding

The Company announces that on May 17, 2011 it was notified that certain members of Bankers' Board of Directors exercised a portion of their stock options, thereby acquiring the following shares:

Name Date of Stock Options Exercise Price Exercise Exercised (Cdn.$) Eric Brown May 17, 2011 1 3.03 Director Jonathan Harris May 17, 2011 25,000 3.03 Director Robert Cross May 17, 2011 333,333 3.03 Director

The Company announces that on May 17, 2011 it was notified that certain members of Bankers' Board of Directors sold the following shares:

Total Sale Total Number of Name Date of Sale Shares Sold Price (Cdn. Common Shares Held $) After Transaction Eric Brown May 17, 2011 1 7.30 181,166 Director Jonathan Harris May 17, 2011 15,000 109,866 60,000 Director

The Company announces that on May 17, 2011 it was notified that one executive officer of Bankers exercised a portion of each of his stock options, thereby acquiring the following shares:

Name Date of Stock Options Exercise Price Exercise Exercised (Cdn.$) Suneel Gupta Executive Vice President May 17, 2011 30,000 3.03 and Chief Operating Officer

The Company announces that on May 17, 2011 it was notified that one executive officer of Bankers sold the following shares:

Total Sale Total Number of Name Date of Sale Shares Sold Price (Cdn. Common Shares Held $) After Transaction Suneel Gupta Executive Vice May 17, 2011 30,000 219,985 170,167 President and Chief Operating Officer

For further information, contact:

Doug Urch

Executive VP, Finance and Chief Financial Officer

Ph: (403) 513-2691

Email: [email protected]

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 MacquarieCapital Advisors

Ryan Gaffney/ Henry Fitzgerald-O'Connor

Ben Colegrave/Paul Connolly+44 20 7050 6500 +44 20 3037 5639

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