Xcite Energy Limited Senior Management Team Appointments

ABERDEENSHIRE, UK, Jun 19 (MARKET WIRE) --

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR
INTO THE UNITED STATES

Xcite Energy Limited (TSX-V: XEL) (LSE: XEL) (AIM: XEL) ("Xcite Energy" or
the "Company") is pleased to announce the appointments of Mr. Barny
Brennan, Mr. Charles Lucas-Clements and Mr. Jon Dale to the management
team of Xcite Energy Resources Limited ("XER"), the wholly owned UK
operating subsidiary of the Company.

Barny Brennan has been appointed Director of Subsurface for XER and has
over 22 years of oil industry experience gained within both major oil
company and consulting environments. He brings a wealth of subsurface
technical expertise, previously being with Senergy-PGL for 5 years in
senior management and technical roles, and latterly being director
responsible for their London region office where he has worked with XER
since its inception in 2002. Prior to this he spent 15 years with Phillips
Petroleum as a geoscientist in both exploration and development settings,
including their largest UK drilling campaign on the Judy/Joanne field
development. Barny graduated with an honours degree in Mining Geology from
Leicester University in the UK and is a Fellow of the Geological Society
and a member of EAGE and AAPG.

Charles Lucas-Clements has been appointed Director of Strategy and
Business Development for XER and has over 27 years' experience through
the oil and gas value chain, in both upstream exploration & production
and downstream refining. He was previously with IHS Energy for 12 years
in senior roles including VP of Business Application, Managing Director
of IHS Consulting, Head of Strategic Consulting and Director of Business
Development. Charles has worked with XER since 2004 and has also acted as
advisor to the World Bank, many oil and gas E&P company boards and
Governments together with their National Oil Companies over the last 20
years, including ExxonMobil, BP, Shell, Apache, BHP Billiton, Occidental,
ATP, Medco, Sintez, Lasmo, Kerr McGee; Government clients and National
Oil Companies have included Japan, China, Malaysia, Nigeria, Angola,
Brazil, Colombia, Ecuador, Venezuela, Newfoundland and Labrador. Charles
graduated with an honours degree in Chemical Engineering from Imperial
College of Science and Technology in London.

Jon Dale has been appointed Financial Controller for the Xcite Energy
group of companies. Prior to joining XER, Jon spent over 7 years with
PricewaterhouseCoopers LLP, providing Audit and Transaction Support
services to a portfolio of clients in the oil & gas industry. He also
spent 2 years in the oil & gas service industry working as a country
controller for West Africa. Jon holds an MA Honours degree from the
University of Aberdeen and has been a member of the Institute of
Chartered Accountants of Scotland since 2001.

In connection with the appointment of Barny Brennan and Charles
Lucas-Clements, each of them is being granted, on the date hereof, options
to purchase 200,000 ordinary shares of the Company at an exercise price of
$1.60 per ordinary share. In connection with the appointment of Jon Dale,
he is being granted, on the date hereof, options to purchase 50,000
ordinary shares of the Company at an exercise price of $1.60 per ordinary
share. All of these options are being granted under the terms of the
Company's share option scheme and are exercisable for a period of five
years from the date hereof.

Richard Smith, Chief Executive of Xcite Energy, commented:

"I am pleased to welcome Barny, Charles and Jon to XER, who add
significant expertise to our management team. Both Barny and Charles have
worked with XER for a number of years and assisted us in our success to
date. Their technical expertise and sector experience will be very
valuable as the Company progresses towards a development solution for the
Bentley field and in the assessment of future growth opportunities."

Notes to Editors:

Xcite Energy (www.xcite-energy.com) is an appraisal and development
company currently focused on the development of heavy oil resources in
the North Sea on the UK Continental Shelf (the "UKCS"). The Company has a
100% working interest in Block 9/3b, the Bentley Field, one of the largest
undeveloped heavy oil fields in the North Sea.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this announcement constitute
forward-looking information within the meaning of securities laws.
Forward-looking information may relate to the Company's future outlook and
anticipated events or results and, in some cases, can be identified by
terminology such as "may," "will," "should," "expect," "plan,"
"anticipate," "believe," "intend," "estimate," "predict," "target,"
"potential," "continue" or other similar expressions concerning matters
that are not historical facts. These statements are based on certain
factors and assumptions including expected growth, results of operations,
performance and business prospects and opportunities. While the Company
considers these assumptions to be reasonable based on information
currently available to us, they may prove to be incorrect. Forward-looking
information is also subject to certain factors, including risks and
uncertainties that could cause actual results to differ materially from
what we currently expect. These factors include changes in market and
competition, governmental or regulatory developments and general economic
conditions. Additional information identifying risks and uncertainties are
contained in Xcite Energy's prospectus filed with the Canadian securities
regulatory authorities, available at www.sedar.com. The Company does not
intend and does not assume any obligation to update these forward-looking
statements to reflect new information, subsequent events or otherwise,
except as required by law.

Enquiries:

Xcite Energy
+44 (0) 1330 826 740
Richard Smith
Chief Executive Officer
Rupert Cole
Chief Financial Officer

Thomas Weisel Partners (UK) Limited
+44 (0) 20 7877 4472
Paul Colucci
Managing Director
Paul Newman
Managing Director

Strand Partners Ltd.
+44 (0) 20 7409 3494
James Harris
Director
Warren Pearce
Associate Director

Pelham Public Relations
+44 (0) 20 7743 6676
Alisdair Haythornthwaite
Director
Katherine Stewart
Account Manager
Lucy Frankland
Account Manager

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