Additional listing

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

TSX-V, LSE-AIM: XEL

5 November 2010

Xcite Energy Limited

("Xcite Energy" or the "Company")

Additional listing

Further to the announcement released on 4 November 2010 in relation to the draw down on its Standby Equity Distribution Agreement with YA Global Master SPV Ltd, the Company announces that an application has been made for the admission to trading on AIM ("Admission") of 4,549,886 new ordinary shares of no par value (the "New Ordinary Shares"). The New Ordinary Shares shall rank pari passu with the Company's existing issued ordinary shares and dealings are expected to commence on 11 November 2010.

Following Admission, the Company's enlarged issued share capital will comprise 152,938,955 ordinary shares with one voting right per share ("Ordinary Shares"). There are no Ordinary Shares held in treasury. The total number of voting rights in the Company is therefore 152,938,955.

This figure of 152,938,955 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.

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.