Ithaca Energy Inc. Announces Officers' Share Purchase

Ithaca Energy Inc. Announces Officers' Share Purchase 
CALGARY, AB -- (Marketwired) -- 08/28/14 --  Ithaca Energy Inc. (TSX:
IAE) (LSE: IAE) ("Ithaca" or the "Company") announces that on 26
August 2014 the Officers of the Company increased their beneficial
shareholdings in Ithaca through the purchase of Common Shares
pursuant to the Company's Market Share Incentive Plan ("SIP"). These
purchases were made by MM&K Share Plan Administration, the trustee of
the SIP. 
The individuals named below increased their beneficial shareholdings
in the Company by a total of 20,070 Common Shares at a price of GBP 
1.345 per Common Share (the maximum permissible under the SIP) as

Name            Designation          Common Shares          Resultant       
                                     Purchased              Holding         
Les Thomas      Officer & Director   4,014 shares           4,014 shares    
Graham Forbes   Officer              4,014 shares           266,319 shares  
Nicholas Muir   Officer              4,014 shares           24,119 shares   
Mike Travis     Officer              4,014 shares           61,361 shares   
John Woods      Officer              4,014 shares           313,119 shares  

About Ithaca Energy
 Ithaca Energy Inc. (TSX: IAE) (LSE: IAE) is a
North Sea oil and gas operator focused on the delivery of lower risk
growth through the appraisal and development of UK undeveloped
discoveries, the exploitation of its existing UK producing asset
portfolio and a Norwegian exploration and appraisal business
targeting the generation of discoveries capable of monetisation prior
to development. Ithaca's strategy is centred on generating
sustainable long term shareholder value by building a highly
profitable 25kboe/d North Sea oil and gas company. For further
information please consult the Company's website  
Not for Distribution to U.S. Newswire Services or for Dissemination
in the United States 
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Ithaca Energy
Graham Forbes
+44 (0)1224 652 151 
Richard Smith
+44 (0)1224 652 172 
FTI Consulting
Edward Westropp
+44 (0)203 727 1521 
Shannon Brushe
+44 (0)203 727 1077 
Cenkos Securities
Neil McDonald
+44 (0)131 220 6939 
Beth McKiernan
+44 (0)131 220 9778 
RBC Capital Markets
Tim Chapman
+44 (0)207 653 4641 
Matthew Coakes
+44 (0)207 653 4871 
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