Directorate Change

Xtract Energy plc
15 January 2008

15 January 2008                                                         AIM: XTR
                               XTRACT ENERGY PLC
                          ('Xtract' or the 'Company')

                 Mark Nichols Appointed Non Executive Director

The Board of Xtract is pleased to announce the appointment of Mark Nichols as an
independent Non- Executive Director of the Company. Mark has been appointed
effective as of 15 January 2008 and he will become a member of the Audit and
Remuneration committees.

Mark James Nichols (aged 50) is a qualified accountant who has over 20 years'
experience in the energy and related services sectors, with the major French oil
company Total S.A. and with BOC Group Plc. He is currently employed as Director
of Strategy and Organisational Development for Laing O'Rourke, the
privately-owned construction firm.

Mark will take responsibility in particular for advising and supporting Andy
Morrison and the Board with respect to investment decisions and governance
matters.

Andy Morrison commented: 'I have known Mark for a number of years and I am
delighted to welcome him to the Board of Xtract Energy Plc. His combination of
high-level management skills and business development acumen will be a great
asset to us as we move into the next stages of our company development'.

The following are Mark's current directorships and those held within the last
five years:

Current directorships                      Past directorships
Xoteric plc                                None

Mark currently holds 170,000 ordinary shares in the Company and will today 
receive options exercisable as follows:

250,000 options exercisable at a price of 8p for three years from today;
250,000 options exercisable at a price of 10p for three years from 15 January
2009; and 250,000 options exercisable at a price of 12p per share from 15
January 2010.

There are no other details to be disclosed pursuant to Rule 17 or to Schedule
two paragraph (g) of the AIM Rules for Companies.

Enquiries please contact:

Xtract Energy plc              Andy Morrison, CEO      [phone]

Smith & Williamson Corporate   David Jones             [phone]
Finance Limited                Azhic Basirov                 
                               
Scott Harris                   Stephen Scott           [phone]
                               Annabel Michie

For further Information on Xtract please visit www.xtractenergy.co.uk

About Xtract Energy Plc

Xtract identifies and invests in a diversified portfolio of early stage energy
sector technologies and businesses with very significant growth potential. We
aim 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.

Xtract is supported by its cornerstone investor, Cambrian Mining Plc (AIM:CBM) a
diversified resource investment house which, together with its wholly owned
subsidiary Cambrian Investment Holdings Ltd, holds approximately 50.34% of the
issued share capital of the Company.

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.

MEO Australia

MEO is focused on developing gas-to-liquids ('GTL') projects in the Timor Sea
Australia, in an area of shallow water known as Tassie Shoal. It has secured
Commonwealth Government environmental approvals for two large scale (1.8 Mtpa)
methanol plants (50 per cent. interest) and a 3 Mtpa LNG plant (100 per cent.
interest) which are adjacent to the Evans Shoal gas field.

Elko Energy

Elko is an oil & gas exploration company which has an interest in a 5,370km2
exploration and production licence in the Danish North Sea and an investment in
Dragon Energy Inc, a private Canadian company, with a development project in
Gansu Province, China.

Wasabi Energy

Wasabi is a diversified investor in renewable energy and low greenhouse emission
technologies, with interests in geothermal waste/heat, uranium exploration in
Australia's Northern Territory and biodiesel investments in Victoria.

Central Asian Interests

Xtract's Central Asian interests include a production sharing agreement with
Kyrgyzneftegaz to instigate a water injection project on the Beshkent- Togap oil
field. Xtract also holds interests in several exploration licences in the Tash
Kumyr area and in the Toktogul exploration licence.

Oil Shale

Xtract has oil shale and related petroleum product exploration rights over
mining tenements in the Julia Creek area of Queensland and has recently been
granted an exploration permit which gives rights to explore for oil shale in an
area in the South of New Zealand. It is investigating the commercial production
of hydrocarbons (crude oil) from oil shale.

Xtract is also available for trading on the open market segment of the Frankfurt
Stock Exchange (ticker R9X.FSE).







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