BANKERS PETROLEUM LIMITED - Continuance into Alberta and Amendments to Bylaw No. 1

Bankers Petroleum Announces Continuance into Alberta and Amendments to Bylaw No. 1

2013 Financial Results To Be Released March 13, 2014

CALGARY, March 10, 2014 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the
"Company") (TSX: BNK, AIM: BNK) today announced that it has finalized its
corporate registration into the Province of Alberta from the Province of
British Columbia pursuant to the Business Corporations Act (Alberta). The
continuance into Alberta was approved at the annual general and special meeting
of the Company's shareholders held on May 21, 2013 (the "Meeting").

The continuance was effected to align the Company's registration with the
location of its head office, Directors and Officers and to position the Company
to issue, on a tax effective basis, stock based dividends in the future should
it choose to do so.

In addition, Bankers also announced that its Board of Directors has approved
and adopted amendments to By-Law No. 1, which was adopted by the Company upon
its continuance into Alberta. As disclosed in the Company's press release on
May 13, 2013, the Company's Board agreed to amend By-Law No. 1 following the
continuance based on feedback the Company received from some of its
shareholders and certain proxy advisory firms.

By-Law No. 1 now provides that a quorum at a meeting of the Company's
shareholders will be present if two persons holding not less than fifteen
percent (15%) of the shares entitled to vote thereat are present in person or
represented by proxy. The Company believes this quorum threshold is higher than
the shareholder quorum thresholds established by its peers and is in keeping
with good corporate governance practices.

By-Law No. 1 now also provides that the Company's Board of Directors may waive
any requirement under the advance notice provisions of By-Law No. 1 relating to
the nomination of candidates for election to the Company's Board of Directors.
The Company believes this will afford the Board more flexibility in responding
to Director nominations, but will not obligate the Board to waive any notice
requirements where the Board does not consider it prudent to do so.

These amendments take effect immediately. The Company's shareholders will be
asked to confirm these amendments to By-Law No. 1 at the next shareholders'
meeting.

Please note that none of the foregoing should be construed as any indication
that the Company will issue stock based dividends in the future or at all.

2013 Financial Results Release Date

Bankers Petroleum Ltd. is scheduled to release its 2013 Financial Results on
Thursday, March 13, 2014 at 5:00 am MDT (7:00 am EDT, 12:00 pm GMT).

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.

For further information:

David French
President and Chief Executive Officer
[phone]

Doug Urch
Executive VP, Finance and Chief Financial Officer
[phone]

Laura Bechtel
Investor Relations Analyst
[phone]

Email: [e-mail]
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]

(BNK.BNK)

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