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

27 April 2012

Xcite Energy Limited ("Xcite Energy" or the "Company") Statement of Reserves Data and other Oil and Gas Information (Form 51-101F1) and Funding Strategy

Key Points