Ithaca Energy Inc.
TSX VENTURE : IAE
AIM : IAE

Ithaca Energy Inc.

August 19, 2011 02:00 ET

Ithaca Energy Inc. Additional Listing

LONDON, UNITED KINGDOM and CALGARY, ALBERTA--(Marketwire - Aug. 19, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Ithaca Energy Inc. (TSX VENTURE:IAE)(AIM:IAE) announces that, following recent exercises of options under the Company's stock option plan, the Company has applied for a total of 555,000 common shares ("New Common Shares") to be admitted to trading on AIM, representing approximately 0.2% of the issued share capital (post options exercise). Each New Common Share will rank pari passu with the existing common shares. It is expected that dealings in the New Common Shares will commence on August 24, 2011.

About Ithaca Energy:

Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited ("Ithaca" or "the Company"), is an oil and gas exploration, development and production company active in the United Kingdom's Continental Shelf ("UKCS"). The goal of Ithaca, in the near term, is to maximize production and achieve early production from the development of existing discoveries on properties held by Ithaca, to originate and participate in exploration and appraisal on properties held by Ithaca when capital permits, and to consider other opportunities for growth as they are identified from time to time by Ithaca.

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

Neither TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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