Teekay Tankers Announces First Quarter 2012 Earnings Results Conference Call

Marketwired

HAMILTON, BERMUDA--(Marketwire -05/07/12)- Teekay Tankers Ltd. (Teekay Tankers or the Company) (TNK - News) plans to release its financial results for the first quarter of 2012 before market open on Thursday, May 17, 2012.

The Company also plans to host a conference call on Thursday, May 17 at 1:00pm (ET) to discuss the results for the first quarter of 2012. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options:

- By dialing (800) 711-9538 or (416) 640-5925, if outside North America, and quoting conference ID code 6274687.

- By accessing the webcast, which will be available on Teekay Tankers' website at www.teekaytankers.com (the archive will remain on the website for a period of 30 days).

A supporting First Quarter 2012 Earnings Presentation will also be available at www.teekaytankers.com in advance of the conference call start time.

The conference call with be recorded and available until Thursday, May 24, 2012. This recording can be accessed following the live call by dialing (888) 203-1112 or (647) 436-0148, if outside North America, and entering access code 6274687.

About Teekay Tankers Ltd.

Teekay Tankers currently owns a fleet of nine double-hull Aframax tankers, six double-hull Suezmax tankers, and charters in one additional Aframax tanker, which an affiliate of Teekay Corporation (TK - News) manages through a mix of short- or medium-term, fixed-rate time-charter contracts and spot tanker market trading. In addition, the Company owns a VLCC newbuilding, through a 50 percent joint venture which is scheduled to deliver in April 2013. In addition, Teekay Tankers recently agreed to acquire a fleet of 13 crude oil and product tankers from Teekay Corporation, which is expected to be completed in the second quarter of 2012. Teekay Tankers Ltd. was formed in December 2007 by Teekay Corporation as part of its strategy to expand its conventional oil tanker business. Since inception, Teekay Tankers has distributed on a quarterly basis all of its Cash Available for Distribution, less scheduled principal payments related to the Company's debt facilities and reserves for estimated dry docking costs and other reserves established by its Board of Directors.

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

Contact:

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

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