Oct. 28, 2010 (Marketwire) --

ABERDEENSHIRE, UK -- (Marketwire) -- 10/28/10 -- This Announcement Is Not for Release, Publication or Distribution in or Into the United States.

Xcite (TSX-V: XEL) (LSE: XEL) (AIM: XEL) received formal notification on October 27, 2010 that Ignis Investment Services Limited has increased its holding to 10,127,893 ordinary shares in the Company, representing 6.83% of the issued and outstanding share capital.

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.