SOURCE: Xcite Energy Limited

April 01, 2011 02:00 ET

Additional Listing and Total Voting Rights

ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - April 1, 2011) -




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

                        TSX-V, LSE-AIM: XEL




01 April 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 28 March 2011, the Company
announces that it has received approval of the share issue by the TSX
Venture Exchange and it has therefore made an application for the
admission to AIM ("Admission")of 1,558,314 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 04 April 2011.

Following Admission, the Company's enlarged issued share capital will
comprise 163,202,213 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 163,202,213.

This figure of 163,202,213 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 549 390
Richard Smith             Chief Executive Officer
Rupert Cole               Chief Financial Officer
Arbuthnot Securities                               +44 (0)20 7012 2000
Limited
(Nomad and Broker)
Antonio Bossi             Director

Pelham Bell Pottinger                              +44 (0) 20 7861 3232
Mark Antelme              Director
Henry Lerwill

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.





                    This information is provided by RNS
          The company news service from the London Stock Exchange

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