Ithaca Energy Inc.
AIM : IAE
TSX VENTURE : IAE

Ithaca Energy Inc.

May 16, 2011 02:00 ET

Ithaca Energy Inc.: Mailing of Financial Statements and Notice of Annual & Special Meeting

LONDON, UNITED KINGDOM and CALGARY, ALBERTA--(Marketwire - May 16, 2011) -

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

Ithaca Energy Inc. (TSX VENTURE:IAE)(AIM:IAE) confirms that its Financial Statements for the 12 months ended December 31, 2010 have been mailed to registered shareholders. The 2011 Annual & Special Meeting of Shareholders will be held at the Petroleum Club, Viking Room, 319 - 5 Avenue S.W., Calgary, Alberta, Canada, at 3.30 p.m. on Thursday, May 19, 2011. Copies of the Financial Statements may be downloaded from the Company's website: www.ithacaenergy.com and are available on the Company's SEDAR profile at www.sedar.com.

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.

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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