SOURCE: Xcite Energy Limited

February 01, 2012 09:30 ET

Exercise of Share Warrants

ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - Feb 1, 2012) -




NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF
SUCH JURISDICTION



                        TSX-V, LSE-AIM: XEL





1 February 2012





                       Xcite Energy Limited

                 ("Xcite Energy" or the "Company")



                     Exercise of Share Warrants



The Company announces thatapplication has been made for the admission
toAIM("Admission")of30,325 newordinaryshareswithout par valuein
the Company ("Ordinary Shares"), pursuant to the exercise
ofwarrants.The newOrdinarySharesshall rank pari passu with the
Company's existing issued Ordinary Shares and dealings are expected to
commence on7 February 2012.



Following Admission, the Company's enlarged issued share capital will
comprise209,800,749 Ordinary Shareswith one voting right per
share.There areno shares held intreasury.The total number of voting
rights in the Company is therefore209,800,749.



This figure of209,800,749 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 Broker and               +44 (0) 207 710 7600
Nomad)
Emma Griffin                       Partner

Simon Edwards                      Partner

Morgan Stanley (Joint Broker)                    +44 (0) 207 425 8000

Andrew Foster                      Managing Director

Pelham Bell Pottinger                           +44 (0) 207 861 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

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