Xcite Energy Limited ("Xcite Energy" or the "Company") Xcite Energy Presenting at Oil Barrel Conference

ABERDEENSHIRE, UK--(Marketwire - January 13, 2011) - Xcite Energy Limited (TSX-V: XEL) (LSE: XEL) (AIM: XEL)

This announcement is not for release, publication or distribution in or into the United States.

Xcite Energy will be presenting at the Oil Barrel Conference today in London.

The presentation slides are available on the company's website (www.xcite-energy.com)

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.

Contact Information:

ENQUIRIES:

Xcite Energy Limited
+44 (0) 1330 826740
Richard Smith
Chief Executive Officer
Rupert Cole
Chief Financial Officer

Arbuthnot Securities Limited
(Nomad and Broker)
+44 (0)20 7012 2000
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