Xcite Announces Management Change

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Vancouver, British Columbia, December 21st, 2023 – Xcite Resources Inc. (“XRI”: CSE, or “Xcite”
or the “Company”) is pleased to announce the appointment of Jean-Francois Meilleur as
President and CEO and new member of the Board of Directors of Xcite. Mr. Meilleur was VP of
Critical Elements (CRE TSX-V) from 2012 to 2018 leading capital markets and strategic affairs.
From 2017 to 2022, he was President and CEO of Canada Strategic Metals, which became
Quebec Precious Metals after its merger with Matamec Exploration in 2018. Mr. Meilleur was
the leader and architect of the transaction.

Xcite would like to thank Gary Economo for his time as the CEO and member of the board of
directors, and wish him the best of success in his future endeavours.

About Xcite Resources
Xcite Resources is an early-stage exploration company working to become a leader in the
discovery and development of energy transition metals. The uranium project portfolio in the
Athabasca Basin will propel our efforts to achieve a high-grade discovery.

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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may
contain forward-looking statements including but not limited to comments regarding the timing and content of
upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.