XCITE ENERGY : Director Share Purchases

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

9 July 2014

Xcite Energy Limited

("Xcite Energy" or the "Company")

Director Share Purchases

Xcite Energy 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.