Additional Listing and Total Voting Rights

ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - Mar 5, 2012) -

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

                         TSX-V, LSE-AIM: XEL





5 March 2012


                        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 Equity
Line Agreement issued on 2 March 2012, 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 7,912,891 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 March 2012.

Following Admission, the Company's enlarged issued share capital will
comprise 231,066,678 Ordinary Shareswith one voting right per
share.There areno shares held in treasury.The total number of voting
rights in the Company is therefore 231,066,678.

This figure of 231,066,678 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                           +44 (0) 20 7710 7600
Broker and Nomad)
Emma Griffin                 Partner
Michael Shaw                 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