Xcite Energy Limited ("Xcite Energy" or the "Company") 9/3b-6z Well Update

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

Xcite Energy (TSX-V: XEL) (LSE: XEL) (AIM: XEL) -- The Company announces that the 9/3b-6z horizontal well section on the Bentley field is progressing to plan, with all required equipment and personnel on board the rig and the test completion in place. The continuing bad weather is delaying the start up of the flow test and the in-field storage tanker, Betty Knutsen, will be returning to the field today after refuelling in line with normal operational procedures.

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ENQUIRIES: Xcite Energy Limited Richard Smith Chief Executive Officer Rupert Cole Chief Financial Officer [phone] Arbuthnot Securities Limited (Nomad and Broker) Antonio Bossi Director [phone] Pelham Bell Pottinger Mark Antelme Director Henry Lerwill [phone] Paradox Public Relations Jean-Francois Meilleur Consultant [phone]