Ithaca Energy Inc.
TSX VENTURE : IAE
AIM : IAE

Ithaca Energy Inc.

July 14, 2011 02:00 ET

Ithaca Energy Inc.: Additional Listing

LONDON, UNITED KINGDOM and CALGARY, ALBERTA--(Marketwire - July 14, 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 15,000 share options have been exercised by staff members.

Following this exercise, the Company has applied for a total of 15,000 common shares ("New Common Shares") to be admitted to trading on AIM. 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 19 July 2011.

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.

Neither TSX Venture Exchange 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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