Annual Report & Accounts 2010

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF
SUCH JURISDICTION



                     (TSX-V: XEL) (LSE: XEL) (AIM: XEL)


7 June 2011

                          Xcite Energy Limited

                    ("Xcite Energy" or the "Company")

                      Annual Report & Accounts 2010

In accordance with AIM Rule 20, Xcite Energy confirms that the annual
report and accounts for the year ended 31 December 2010 were posted to
shareholders on 3 May 2011. The report is available, in electronic
form, for download 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.

Oriel Securities which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for
Xcite Energy and for no one else in connection with the subject matter
of this announcement and will not be responsible to anyone other than
Xcite Energy for providing the protections afforded to its clients or
for providing advice in connection with the subject matter of this
announcement.



                    This information is provided by RNS
          The company news service from the London Stock Exchange

END

Contacts: RNS Customer Services 0044-207797-4400 Email Contact http://www.rns.com ENQUIRIES: Xcite Energy Limited Richard Smith Chief Executive Officer Rupert Cole Chief Financial Officer [phone] Oriel Securities (Joint Broker and Nomad) Emma Griffin Simon Edwards [phone] Morgan Stanley (Joint Broker) Andrew Foster [phone] Pelham Bell Pottinger Mark Antelme Henry Lerwill [phone]