Xcite Issues Shares under Option Agreements for Multiple Athabasca Basin Uranium Projects

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Vancouver, British Columbia, December 21st, 2023 – Xcite Resources Inc. (“XRI”: CSE, or “Xcite”) confirms
that it has issued an aggregate of 300,000 common shares to Eagle Plains Resources Ltd. (“EPL”: TSX-V,
or “Eagle Plains”) pursuant to six individual option agreements whereby Xcite may earn up to an 80%
interest in six uranium projects totaling 5,905 hectares in close proximity to Uranium City in northern
Saskatchewan, as previously announced by Xcite on December 14, 2023. The shares issued are subject
to a four-month hold period according to applicable securities laws of Canada, which will expire April 22,

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.
Jean-Francois Meilleur
+1 514 951 2730

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regarding the timing and content of upcoming work programs, geological interpretations, receipt of
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