Xcite Energy Limited ("Xcite Energy" or the "Company"): Director Share Purchases

ABERDEENSHIRE, UNITED KINGDOM--(Marketwired - Jul 9, 2014) - Xcite Energy (TSX VENTURE: XEL) (LSE: XEL) announces that on 8 July 2014 it was notified of the following purchases of ordinary shares in the Company by two Directors.

On 8 July 2014, Chief Financial Officer Andrew J. Fairclough purchased 38,000 ordinary shares in the Company at a price of 67.00 pence per share. Mr. Fairclough now has a shareholding of 53,000 ordinary shares in the Company.

On 8 July 2014, Non-Executive Director Henry G. Wilson purchased 40,000 ordinary shares in the Company at a price of 66.83 pence per share. Mr. Wilson now has a shareholding of 40,000 ordinary shares in the Company.

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.

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