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Re: News Release - Tuesday, January 29, 2008
Bankers Petroleum Announces New Appointments
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CALGARY, January 29, 2008 - Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK)
is pleased to announce the appointment of Abdel F. (Abby) Badwi as
Chief Executive Officer, Douglas C. Urch as Vice President, Finance and
Chief Financial Officer and Ian McMurtrie as Vice President,
Exploration effective immediately.

Mr. Badwi was appointed to the Board of Directors of Bankers on
November 2, 2007. Mr. Richard Wadsworth will continue as President and
Chief Operating Officer. With Mr. Urch's appointment, Mr. Juneyt
Tirmandi has stepped down from the position of Chief Financial Officer
and will continue as Financial Advisor.

"On behalf of the Company and the Board, I would like to welcome Mr.
Urch and Mr. McMurtrie to Bankers, who will provide additional strength
to the team, and thank Mr. Tirmandi for his contribution during his
time at Bankers," said Bob Cross, Chairman. "Juneyt was instrumental in
improving the professional standards of the finance role at the
Company, and we look forward to his continued involvement and
commitment in his new role as Financial Advisor."

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Douglas C. Urch, B. Comm., CMA

Mr. Urch has over 25 years of oil and gas industry experience. From
September 2000 until January 2008, he was Vice President, Finance and
Chief Financial Officer of Rally Energy Corp. and its subsidiaries.
Prior to this time, Mr. Urch provided financial management services for
a variety of public and private companies. He was Chief Financial
Officer, Controller and Corporate Secretary of Barrington Petroleum
Ltd. from 1991 to 1993 and Controller at Ryerson Oil and Gas Limited
from 1983 to 1991. Mr. Urch is currently a Director and President of
Perpetual Ventures Inc., a Director and Chief Financial Officer of L1
Capital Corp., Chief Financial Officer of Sunshine Oilsands Ltd. and
Mohave Exploration & Production Inc., all of which are private
companies. He was a Director and Chief Financial Officer of PayLinx
Financial Corp., a TSXV listed company from May 2004 to June 2007. Mr.
Urch is 49 years of age.

Mr. Urch holds one million common shares, one million share purchase
warrants of the Company and one million two hundred thousand stock
options subject to TSX approval. He also holds an additional two
hundred thousand common shares and two hundred thousand share purchase
warrants of the Company through Perpetual Ventures Inc. subject to TSX
approval.

Ian McMurtrie, P. Geol.

Mr. McMurtrie was Vice President, Exploration of Rally Energy Corp.
from July 2004 until January 2008 and provided advisory services to
that company since late 2003. Prior to advising Rally Energy Corp. he
was and remains President of Cawdor Investments Ltd., a private company
managing oil and gas royalties and providing technical oil and gas
consulting services to public and private companies. Mr. McMurtrie
commenced his exploration career with Texaco Exploration Canada Ltd. He
has been directly involved in the discovery and development of numerous
oil and gas pools throughout North America for such companies as Czar
Resources Ltd., United Rayore Gas Ltd., and Raptor Capital Corporation.
Mr. McMurtrie has extensive expertise in the development of oil pools
using innovative drilling technologies. He is currently a Director of
Stealth Ventures Ltd., Raptor Capital Corp., and Mohave Exploration &
Production Inc. Mr. McMurtrie is 59 years of age.

Mr. McMurtrie holds one million two hundred thousand common shares, one
million two hundred thousand share purchase warrants of the Company and
one million two hundred thousand stock options subject to TSX approval.

About Bankers Petroleum Ltd.

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 shale and tight gas sand plays. It also operates in
the Patos-Marinza oilfield in Albania pursuant to a license agreement,
producing heavy oil. Bankers shares are traded on the Toronto Stock
Exchange and the AIM Market in London, England under the ticker symbol
BNK.

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For further information, contact:
Susan J. Soprovich
VP, Investor Relations and Corporate Governance
Ph: (403) 513-2681

Email: investorrelations@bankerspetroleum.com
Website: www.bankerspetroleum.com

AIM NOMAD:
Canaccord Adams Limited
Ryan Gaffney/ Adam Janikowski
+44 20 7050 6500

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Copyright (c) 2008 BANKERS PETROLEUM LTD. (BNK.H) All rights reserved.
For more information visit our website at http://www.bankerspete.com/
or send mailto:info@bankerspetroleum.com
Message sent on Tue Jan 29, 2008 at 6:47:26 AM Pacific Time
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