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Xcite Energy Ltd: Xcite Energy Limited ("Xcite Energy" or the "Company") Results of Annual General Meeting

^{Published on 2009-05-29 06:15:00, Last Modified on 2009-05-29 06:15:30 - Market Wire}
 

ABERDEENSHIRE, UK--(Marketwire - May 29, 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) is pleased to announce the results of its Annual General Meeting held on May 26th, 2009.

1. The Annual General Meeting of the Company voted to reappoint the following nominated directors to the board of directors of the Company and for them to continue in office in accordance with the Company's Articles of Association:

 Timothy S. Jones Stephen A. Kew Richard E. Smith 

2. The term of office as director of Rupert E. Cole, Scott R. Cochlan, Gregory J. Moroney and Roger S. Ramshaw continues in accordance with the Company's Articles of Association.

3. The Annual General Meeting of the Company voted to reappoint BDO Stoy Hayward LLP as auditors for the ensuing year and authorised the directors of the Company to fix their remuneration.

4. The Annual General Meeting of the Company voted for the resolution to ratify and confirm the Stock Option Plan of the Company dated September 26th, 2007.

For further details, please see the management proxy circular available on [ 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.