Xcite Energy Limited ("Xcite Energy" or the "Company") Appointment of Arbuthnot Securities Limited as Nominated Adviser

ABERDEENSHIRE, UK--(Marketwire - April 21, 2010) -  This Announcement Is Not for Release, Publication or Distribution in or Into the United States

Xcite Energy (TSX-V: XEL) (LSE: XEL) (AIM: XEL), a developer of heavy oil assets in the UK North Sea, is pleased to announce the appointment of Arbuthnot Securities Limited as Nominated Adviser to the Company with immediate effect.

Neither 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
Richard Smith
Chief Executive Officer
Rupert Cole
Chief Financial Officer
+44 (0) 1330 826740

Arbuthnot Securities Limited
(Nomad and Broker)
Antonio Bossi
Director
Andrew Fairclough
Director
+44 (0)20 7012 2000

Pelham Public Relations
Mark Antelme
Director
+44 (0) 20 7337 1500

Paradox Public Relations
Jean-Francois Meilleur
Consultant
+1 514 341 0408