Xcite Energy Limited ("Xcite Energy" or the "Company") Director/PDMR Shareholding

ABERDEENSHIRE, UK--(Marketwire - May 6, 2009) - 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 heavy oil company focused on the development of discovered resources in the UK North Sea, today announces the purchase of ordinary shares of nil par value ("Ordinary Shares") by certain Directors and by members of Xcite Energy Resources Limited management team.

The shares were purchased as follows:

                                                                  Number of
                                                                  Ordinary
                                                                   Shares
                                                          Price   purchased

Timothy S. Jones                               Director  GBP 0.31    50,000
Stephen A. Kew                                 Director  GBP 0.35    14,285

Xcite Energy Resources Limited management
 team                                                    GBP 0.32    99,031

Resultant Director shareholdings are as follows:

                                            No of Ordinary   Percentage of
                                             Shares held     Xcite Energy

Timothy S. Jones                  Director        50,000           0.08%
Stephen A. Kew                    Director     6,314,285          10.28%

The 14,285 Ordinary Shares that Mr. Kew acquired on the AIM market of the London Stock Exchange at a price of £0.35 (C$0.62) represent 0.02% of the issued and outstanding Ordinary Shares of the Company. Following the acquisition and together with the 6,300,000 Ordinary Shares that he already owned at the initial public offering of the Company, Mr. Kew now owns 6,314,285 Ordinary Shares, representing 10.28% of the issued and outstanding Ordinary Shares of the Company. Mr. Kew acquired the Ordinary Shares for investment purposes and he may, depending on the market and other conditions, increase or decrease his beneficial ownership, control or direction over Ordinary Shares of the Company. An early warning report will be filed on SEDAR and will be obtainable from the SEDAR website (www.sedar.com).

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 826 740 Thomas Weisel Partners International Limited Paul Colucci Managing Director Jesse Meidl Vice President +44 (0) 20 7877 4300 Strand Partners Limited James Harris Director Rory Murphy Director +44 (0) 20 7409 3494 Pelham Public Relations Mark Antelme Director +44 (0) 20 7337 1500