Directorate change

31 March 2010
 
AIM: XTR
 
                               XTRACT ENERGY PLC
 
                               CHANGE OF DIRECTOR
 
Xtract  Energy Plc ("Xtract"  or the "Company")  announces that with effect from
31 March  2010, John Conlon  has stepped  down as  Non-executive director of the
Company.  The Board would like to thank  Mr Conlon for his valuable contribution
to  the development of the  Company and for his  loyal service since joining the
Board in January 2007.
 
Mr  Conlon  remains  a  director  of  major  shareholder, Western Coal Corp. His
replacement on the Board of Xtract will be the subject of a future announcement.
 
Enquiries please contact:
 
Xtract Energy        Andy Morrison, CEO   +44 (0)20 3205 1148
 
Smith & Williamson   David Jones          +44 (0)20 7131 4000
  Corporate Finance    Azhic Basirov
                       Barrie Newton
 
About Xtract Energy
 
Xtract  identifies and invests in a  diversified portfolio of early stage energy
sector  technologies  and  businesses  with  significant  growth  potential. The
Company  aims to  work closely  with the  associated management teams to achieve
critical  project milestones, to finance later  development stages, and to build
and crystallise value for all shareholders and partners.
 
For further information on Xtract please visit www.xtractenergy.co.uk
 
A  short description of the  principal assets of Xtract  is set out below. These
assets  are either  held directly  or through  wholly owned  subsidiaries of the
Company.
 
Extrem Energy AS ("Extrem Energy")
 
Extrem  Energy is an exploration and  production joint venture with Merty Energy
of  Turkey. The JV's aim is to create a new medium-sized oil and gas exploration
and  production business,  initially focused  on Turkey  where Merty  Energy has
particular  experience and expertise.  Extrem Energy has  a portfolio of licence
interests  including the high  potential prospect at  Candarli Bay in south-west
Turkey. Xtract owns 50% of the issued share capital of Extrem Energy.
 
Elko Energy Inc. ("Elko")
 
Elko  is a Canadian registered oil & gas exploration company which has interests
in  exploration and production licences  in the Danish and  Dutch North Sea. Its
major asset is in the Danish North Sea; an 80% interest on 26 offshore blocks in
a  5,400 sq km exploration and production  licence close to the prolific Central
Graben  oil  field.  Technical  work  indicates  the  potential  for significant
reserves. Elko also holds a 60% operating interest in gas-bearing license blocks
P1  and P2  in the  Dutch North  Sea. Xtract  owns approximately 50.0% of Elko's
issued share capital.
 
Zhibek Resources Ltd ("Zhibek Resources")
 
Zhibek  Resources is an oil and gas exploration and production company which has
a  72% interest in  the Tash  Kumyr exploration  licence in the Kyrgyz Republic.
Xtract has entered a farm-out agreement to fund a seismic and drilling programme
for 2008-10. Xtract owns 25.0% of the issued share capital of Zhibek Resources.
 
Xtract Oil Ltd ("XOL")
 
Xtract's  wholly owned  subsidiary, XOL,  is focused  on the  development of the
Company's oil shale resources in Australia and the technology for oil extraction
from  oil shale resources.  Xtract has oil  shale exploration rights over mining
tenements in the Julia Creek area of Queensland. In addition to evaluating third
party  technologies,  XOL  has  been  developing  proprietary technology for the
commercial extraction of liquid hydrocarbon products from oil shale.
 
Xtract Energy (Oil Shale) Morocco SA ("XOSM")
 
XOSM  is a joint venture  with Alraed Limited Investment  Holding Company WLL, a
company  controlled by  His Highness,  Prince Bandar  Bin Mohd.  Bin Abdulrahman
Al-Saud  of Saudi Arabia. XOSM has signed a Memorandum of Understanding with the
Office  National des Hydrocarbures  et des Mines  for the purposes of evaluation
and possible development of an oil shale deposit near Tarfaya, in the south west
part of Morocco. Xtract currently holds 70% of the joint venture.
 
[HUG#1399290]