Additional Listing and Total Voting Rights

ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - December 05, 2011) - 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, LSE-AIM: XEL


5 December 2011



                       Xcite Energy Limited

                ("Xcite Energy" or the "Company")


             Additional Listing and Total Voting Rights

Further to the announcement in relation to the draw down on the Standby Equity Distribution Agreement issued on 1 December 2011, the Company announces that it has received conditional approval of the share issue by the TSX Venture Exchange and it has therefore made an application for the admission to AIM ("Admission") of 1,814,059 ordinary shares of no par value in the capital of the Company (the "New Ordinary Shares").

The New Ordinary Shares shall rank pari passu with the Company's existing issued ordinary shares of no par value ("Ordinary Shares") and dealings are expected to commence on 8 December 2011.

Following Admission, the Company's enlarged issued share capital will comprise 190,810,070 Ordinary Shares with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company is therefore 190,810,070.

This figure of 190,810,070 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

ENQUIRIES:

Xcite Energy Limited                            +44 (0) 1483 549 063

Richard Smith                Chief Executive
                             Officer

Rupert Cole                  Chief Financial
                             Officer


Oriel Securities (Joint Broker and Nomad)       +44 (0) 20 7710 7600
Emma Griffin                 Partner

Simon Edwards                Partner


Morgan Stanley (Joint                           +44 (0) 20 7425 8000
Broker)

Andrew Foster                Managing Director


Pelham Bell Pottinger                           +44 (0) 20 7861 3232

Mark Antelme                 Director

Henry Lerwill                Account Director


Paradox Public Relations                            +1 514 341 0408

Jean-Francois Meilleur       Consultant

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.

Morgan Stanley 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


FOR FURTHER INFORMATION PLEASE CONTACT:
        RNS
        Customer
        Services
        0044-207797-4400
        [email protected]
        http://www.rns.com

Source: Xcite Energy Limited