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Ithaca Energy Inc - Director Share Purchase


Ithaca Energy Inc - Director Share Purchase

ABERDEEN, SCOTLAND -- (Marketwired) -- 04/08/13 -- *T

(TSX VENTURE: IAE) Not for Distribution to U.S. Newswire Services or for Dissemination in

the United States

Ithaca Energy Inc.

Director Share Purchase

8 April 2013

Ithaca Energy Inc. (TSX VENTURE: IAE) (LSE: IAE) announces that on April 5, 2013 John Summers (Non-Executive Director) purchased 40,000 Common Shares at GBP1.12 per share, increasing his beneficial holding to 254,700 Common Shares, representing approximately 0.10% of the issued share capital.

Enquiries

Ithaca Energy: Iain McKendrick, CEO imckendrick@ithacaenergy.com +44 (0) 1224 650 261 Graham Forbes,CFO gforbes@ithacaenergy.com +44 (0) 1224 652 151

FTI Consulting: Billy Clegg billy.clegg@fticonsulting.com +44 (0) 207 269 7157 Edward Westropp edward.westropp@fticonsulting.com +44 (0) 207 269 7230 Georgia Mann georgia.mann@fticonsulting.com +44 (0) 207 269 7212

Cenkos Securities plc: Jon Fitzpatrick jfitzpatrick@cenkos.com +44 (0) 207 397 8900 Neil McDonald nmcdonald@cenkos.com +44 (0) 131 220 6939

RBC Capital Markets: Tim Chapman tim.chapman@rbccm.com +44 (0) 207 653 4641 Matthew Coakes matthew.coakes@rbccm.com +44 (0) 207 653 4871

About Ithaca Energy

Ithaca Energy Inc. (TSX VENTURE: IAE) (LSE: IAE) and its wholly owned subsidiary Ithaca Energy (UK) Limited ("Ithaca" or "the Company"), is an oil and gas operator focused on North Sea production, appraisal and development activities. The Company's strategy is centred on building a highly profitable North Sea oil and gas company by maximising production and cashflow from its existing assets, the appraisal and development of existing discoveries on properties held by the Company and the delivery of additional growth via acquisitions and licence round participation.

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

-ENDS-

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