Bankers Makes Changes to Board, Management

Bankers Petroleum Ltd. announced the following changes to its Board of Directors and senior management team.

Mr. Ford Grant Nicholson, formerly President of Bankers Petroleum (US) Inc. (Bankers US) has been appointed a Director of Bankers Petroleum Ltd. Mr. Nicholson is a founding member of the Company, a significant shareholder and is 43 years of age. He brings substantial experience in the management of both public and private companies, and a strong comprehension of financial markets and international heavy oil operations. Prior to his work with Bankers, Mr. Nicholson was a Board member of Tartan Energy, a heavy oil producing public company with operations in California, United States. Previous to this, he was a founder and Director of Nations Energy Company Ltd., a private heavy oil producer operating in Kazakhstan. Mr. Nicholson holds a Diploma in Finance from the British Columbia Institute of Technology and is currently the President of Kepis and Pobe Investments Limited.

Mr. Richard Wadsworth, President of Bankers Petroleum Ltd., resigned from the Board in order to improve corporate governance by separating management responsibilities from those of the Board. The Board of Directors and the Company wish to thank Mr. Wadsworth for his contributions to the Board since the inception and formation of the Company. His experience and the knowledge of the petroleum industry proved invaluable to the Board during a period of rapid growth for the Company. Mr. Wadsworth will continue to lead Bankers in its growth and report to the Board.

Mr. Wolf Regener has been promoted to President of Bankers US and will also hold the title of Executive Vice President with Bankers Petroleum Ltd. Mr. Regener holds a Business of Economics degree from the University of California, Santa Barbara and has held senior management positions with three independent oil and gas companies over the last 18 years. His background encompasses a broad range of experience, including project management, project evaluation, land work, accounting, financing and field coordination. Mr. Regener is also on the Board of Directors of the California Independent Petroleum Association (CIPA), where he has served for over 12 years.

In addition, Mr. Suneel Gupta has been promoted to President of Bankers Petroleum International Ltd., responsible for the Company's Albanian operations. He will also hold the title of Vice President for Bankers Petroleum Ltd. Mr. Gupta brings over 14 years of experience in domestic and international oil and gas operations to his role at Bankers. Previously he held the position of Technical and Operations Director for Saxon International Energy Ltd., Production Manager for Anglo-Albanian Petroleum and Senior Staff Exploitation Engineer with Husky Energy Inc. in Calgary. Mr. Gupta also held positions with other petroleum companies where he was involved in the development of several heavy oil properties in East Central Alberta and Southwest Saskatchewan. Mr. Gupta holds a Masters of Science degree in Chemical and Petroleum Engineering from the University of Calgary and is a professional engineer in the Province of Alberta.

"All three individuals have proven their depth of experience, technical abilities and industry knowledge in their work with Bankers," said Robert Cross, Chairman. "We expect that they will continue to provide the necessary leadership and expertise that will enable us to continue our growth. We also appreciate the significant contribution of Richard Wadsworth over his time on the Board, and are confident that he will continue to lead the Company successfully in its future growth."

Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and production company focused on opportunities in unconventional petroleum assets. Bankers holds interests in four prospects in the Northern and Central regions of the United States, where it is currently pursuing the exploration of Bend shale gas. It also operates in the Patos-Marinza oilfield in Albania pursuant to a license agreement, producing heavy oil.

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