SOURCE: Ithaca Energy Inc.

August 28, 2014 02:00 ET

Ithaca Energy Inc. Announces Officers' Share Purchase

CALGARY, AB--(Marketwired - Aug 28, 2014) - 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 £1.345 per Common Share (the maximum permissible under the SIP) as follows:

Name   Designation   Common Shares Purchased   Resultant
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

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