XEL

This announcement is not for release, publication or distribution in or into the United States.

Xcite Energy will be presenting at the Oil Barrel Conference today in London.

The presentation slides are available on the company's website (www.xcite-energy.com)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ENQUIRIES: Xcite Energy Limited +44 (0) 1330 826740 Richard Smith Chief Executive Officer Rupert Cole Chief Financial Officer Arbuthnot Securities Limited (Nomad and Broker) +44 (0)20 7012 2000 Antonio Bossi Director Pelham Bell Pottinger +44 (0) 20 7861 3232 Mark Antelme Director Henry Lerwill Paradox Public Relations +1 514 341 0408 Jean-Francois Meilleur Consultant