SOURCE: Xcite Energy Ltd

March 26, 2010 03:00 ET

Xcite Energy Limited ("Xcite Energy" or the "Company") Holdings in Company -- Ignis Investment

ABERDEENSHIRE, UK--(Marketwire - March 26, 2010) - This Announcement Is Not For Release, Publication or Distribution In Or Into The United States

Xcite Energy (TSX-V: XEL) (LSE: XEL) (AIM: XEL) has received formal notification that Ignis Investment Services holds 10,000,000 ordinary shares in the Company, representing 7.49% of the issued and outstanding share capital.

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.

Contact Information

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

    Arbuthnot Securities Limited
    +44 (0)20 7012 2000
    Andrew Fairclough
    Ed Burbidge

    Strand Hanson Limited
    +44 (0) 20 7409 3494
    James Harris
    Rory Murphy