Teekay Tankers Ltd. Declares Dividend 

Teekay Tankers Ltd. Declares Dividend

HAMILTON, BERMUDA, Nov 07, 2012 (Menafn - MARKETWIRE via COMTEX) --Teekay Tankers Ltd. TNK today announced that its Board ofDirectors has voted to declare a cash dividend of 0.02 per share forthe quarter ended September 30, 2012. The cash dividend is payable onNovember 26, 2012 to all shareholders of record on November 19, 2012.

About Teekay Tankers Ltd.

Teekay Tankers currently owns a fleet 12 double-hull Aframax tankers,10 double-hull Suezmax tankers, three double-hull Long Range 2 (LR2)product tankers, three double-hull Medium-Range (MR) product tankersand has one time-chartered in Aframax tanker, which an affiliate ofTeekay Corporation TK manages through a mix of short- ormedium-term fixed-rate time-charter contracts and spot tanker markettrading. The Company also owns a VLCC newbuilding through a 50percent joint venture, which is scheduled to deliver in April 2013.Teekay Tankers Ltd. was formed in December 2007 by Teekay Corporationas part of its strategy to expand its conventional oil tankerbusiness. Since inception, Teekay Tankers has distributed on aquarterly basis all of its Cash Available for Distribution, lessreserves established by its board of directors.

Teekay Tankers' common stock trades on the New York Stock Exchangeunder the symbol "TNK".

Contacts:
Teekay Tankers Ltd.
Kent Alekson
Investor Relations Enquiries
1 (604) 844-6654
www.teekaytankers.com

SOURCE: Teekay Tankers Ltd.

http://www.teekaytankers.com

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