ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - Mar 8, 2012) -

 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 8 March 2012 Xcite Energy Limited ("Xcite Energy" or the "Company") Bentley Well Approval Notification Xcite Energy is pleased to announce that the Department of Energy and Climate Change has granted its approvals under the Well Operations Notification System ("WONS"), the Petroleum Operations Notice ("PON 15B") and the Oil Pollution Emergency Planning ("OPEP") for the planned 9/3b-7 and 7Z wells. This now completes the approvals necessary to drill and produce the wells in Phase 1A of the Bentley field work programme. Oriel Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Xcite Energy and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Xcite Energy for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement. Morgan Stanley, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Xcite Energy and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Xcite Energy for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release. This information is provided by RNS The company news service from the London Stock Exchange END