Bankers Petroleum announces annual meeting voting results and election of directors

CALGARY, May 22, 2013 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to announce that 179,621,461 shares (70.75% of the Company's outstanding shares) were represented at the Annual General and Special Meeting of Shareholders held on May 21, 2013 (the "Meeting").  All of the eight Director nominees proposed in the Company's management information circular, dated April 18, 2013, were elected as Directors of the Company.  The voting results for each nominee are set out below:

Nominee	Votes For		Votes Withheld
	Number	Percentage	Number	Percentage
Abdel F. Badwi	165,255,591	92.00	14,365,876	8.00
Eric Brown	165,313,830	92.03	14,307,631	7.97
Wesley Clark	155,298,098	86.46	24,323,363	13.54
Robert Cross	151,731,409	84.47	27,890,052	15.53
Jonathan Harris	157,580,326	87.73	22,041,135	12.27
Phillip Knoll	166,500,140	92.70	13,121,321	7.30
Ian McMurtrie	166,510,640	92.70	13,110,821	7.30
John B. Zaozirny	164,498,207	91.58	15,123,254	8.42

In addition, Bankers reports that 84.22% of the shares represented in person or by proxy at the Meeting were voted in favour of approving its continuance from the Province of British Columbia into the Province of Alberta, pursuant to the Business Corporations Act (Alberta).  Following its continuance into Alberta, as announced in the May 13, 2013 news release, the Company will amend its bylaws in order to provide that the shareholder meeting quorum will be set at two persons holding shares, in person or by proxy, representing at least fifteen percent (15%) of the shares entitled to vote thereat and to permit the Company's Board of Directors to waive any requirement under the advance notice provisions of its bylaws relating to the nomination of candidates for election to the Company's Board of Directors.

Bankers also reports that 94.29% of the shares represented in person or by proxy at the Meeting were voted in favour of the continuation of its Shareholder Rights Plan ("SRP").  The Bankers SRP was initially adopted by the Company's Board on April 1, 2010 and subsequently ratified by its shareholders on May 26, 2010.  The SRP must be reconfirmed at every third annual meeting of shareholders and, pursuant to the resolution passed by the Company's shareholders at the Meeting, the SRP must next be reconfirmed by June 30, 2016.

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.

David French  President and Chief Executive Officer    [phone]
Doug Urch  Executive VP, Finance and Chief Financial Officer  [phone]
Mark Hodgson  VP, Business Development     [phone]

Email: [email protected]
Website: www.bankerspetroleum.com

AIM NOMAD:
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor
[phone]

AIM BROKER:
FirstEnergy Capital LLP
Hugh Sanderson / David van Erp
[phone]