Ithaca Energy Inc. Director Shareholding


ABERDEEN, SCOTLAND--(Marketwired - Nov 17, 2014) -  Ithaca Energy Inc. (TSX: IAE) (LSE: IAE)

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

Ithaca Energy Inc. (TSX: IAE) (LSE: IAE) (the "Company") announces that it was notified on 14 November 2014 that Jack C. Lee (Non-Executive Chairman) purchased 100,000 Common Shares at C$1.40 per share on that date, increasing his beneficial holding to 1,200,000 Common Shares, representing approximately 0.36% of the issued share capital of the Company.

About Ithaca Energy
Ithaca Energy Inc. (TSX: IAE, LSE AIM: 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 www.ithacaenergy.com.

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

Contact Information:

Enquiries:
Ithaca Energy
Les Thomas
lthomas@ithacaenergy.com
+44 (0)1224 650 261

Richard Smith
rsmith@ithacaenergy.com
+44 (0)1224 652 172

FTI Consulting
Edward Westropp
edward.westropp@fticonsulting.com
+44 (0)207 269 7230

Shannon Brushe
shannon.brushe@fticonsulting.com
+44 (0)203 727 1077

Cenkos Securities
Neil McDonald
nmcdonald@cenkos.com
+44 (0)207 397 8900

Nick Tulloch
ntulloch@cenkos.com
+44 (0)131 220 6939

RBC Capital Markets
Jeremy Low
jeremy.low@rbccm.com
+44 (0)207 653 4000

Matthew Coakes
matthew.coakes@rbccm.com
+44 (0)207 653 4000