HAMILTON, BERMUDA -- (MARKET WIRE) -- 11/04/10 -- Teekay Tankers Ltd. (NYSE: TNK) today announced that its Board of Directors has voted to declare a cash dividend of $0.31 per share for the quarter ended September 30, 2010. The cash dividend is payable on November 30, 2010 to all shareholders of record on November 16, 2010.

About Teekay Tankers Ltd.

Teekay Tankers Ltd. was formed in December 2007 by Teekay Corporation (NYSE: TK) as part of its strategy to expand its conventional oil tanker business. Including the acquisition of the Esther Spirit and Iskmati Spirit, Teekay Tankers owns a fleet of nine double-hull Aframax tankers and six double-hull Suezmax tankers, which an affiliate of Teekay Corporation manages through a mix of short- or medium-term fixed-rate time-charter contracts and spot tanker market trading. Teekay Tankers intends to distribute on a quarterly basis all of its Cash Available for Distribution, subject to any reserves established by its board of directors.

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

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