Xcite Energy Limited ("Xcite Energy" or the "Company") Appointment of Arbuthnot Securities Limited as Nominated Adviser

   This Announcement Is Not for Release, Publication or Distribution in or Into the United States

Xcite Energy (TSX-V: XEL) (LSE: XEL) (AIM: XEL), a developer of heavy oil assets in the UK North Sea, is pleased to announce the appointment of Arbuthnot Securities Limited as Nominated Adviser to the Company with immediate effect.

Neither 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 Richard Smith Chief Executive Officer Rupert Cole Chief Financial Officer [phone] Arbuthnot Securities Limited (Nomad and Broker) Antonio Bossi Director Andrew Fairclough Director [phone] Pelham Public Relations Mark Antelme Director [phone] Paradox Public Relations Jean-Francois Meilleur Consultant [phone]