Employee Stock Savings Plan Quarterly Update

January 6, 2014 AIM: BNK Bankers Petroleum Ltd. ("Bankers Petroleum" or the "Company") Employee Stock Savings Plan Quarterly Update Further to the Company's announcement of January 16, 2013 regarding theimplementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleumannounces that during the quarter ending 31 December 2013, the followingpurchases were made by senior employees: Name Date of Number of Employer's Purchase Resulting Resulting Purchase Common Price Number of Holding as Shares Contribution (Cdn. $) Common at 31 Purchased (1) Shares December held as at 2013 as % 31 total December voting 2013 rights David French, October 15 518 518 4.02 91,611 0.0%President andChief October 31 524 524 3.98ExecutiveOfficer November 15 543 543 3.83 November 29 520 520 4.01 December 13 490 490 4.25 December 31 478 478 4.36 Douglas C. October 15 342 342 4.02 755,700 0.3%Urch -Executive Vice October 31 346 346 3.98President,Finance and November 15 359 359 3.83ChiefFinancial November 29 343 343 4.01Officer December 13 323 323 4.25 December 31 315 315 4.36 Suneel Gupta - October 15 342 342 4.02 339,589 0.1%Executive VicePresident and October 31 346 346 3.98ChiefOperating November 15 359 359 3.83Officer November 29 343 343 4.01 December 13 323 323 4.25 December 31 315 315 4.36 (1) These shares are the matching shares purchased by the Company, whichshall vest to the shareholder twelve months from the date of purchase, providedthe shareholder is still an employee of the Company. As previously announced, under the ESSP, employees may use up to 10% of theirsalary (matched equally by the Company) to purchase Bankers Petroleum shares onthe Toronto Stock Exchange, on each pay period (midmonth and month-end).Douglas Urch, Suneel Gupta and David French (following his appointmenteffective April 1, 2013) elected to participate in the plan, with aparticipation level of 10% of each of their respective salaries. Abby Badwi, following retirement from his role as President and Chief ExecutiveOfficer, effective April 1, 2013, is no longer participating in the ESSP. Assuch, there were no purchases made by, or on behalf of, Abby Badwi, in thequarter ended 31 December 2013 and there will be no such purchases goingforward. It is expected that the next quarterly announcement in respect of purchasesunder the ESSP will be made on or around April 1, 2014. For further information, contact: Doug UrchExecutive VP, Finance and Chief Financial OfficerPh: (403) 513-2691Email: [email protected]: www.bankerspetroleum.com AIM NOMAD:Canaccord Genuity LimitedHenry Fitzgerald-O'Connor+44 0 207 523 8000 AIM BROKER:FirstEnergy Capital LLPHugh Sanderson / David van Erp+44 0 207 448 0200

(BNK., BNK)