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Press release from Marketwire

Ithaca Energy Inc-Directors' Share Purchases

Friday, April 05, 2013

Ithaca Energy Inc-Directors' Share Purchases

02:00 EDT Friday, April 05, 2013

ABERDEEN, SCOTLAND--(Marketwired - April 04, 2013) -

(TSX VENTURE: IAE) (LSE: IAE) Not for Distribution to U.S. Newswire Services or for Dissemination in the United States Ithaca Energy Inc. Directors' Share Purchases 5 April 2013Ithaca Energy Inc. (TSX VENTURE: IAE) (LSE: IAE) announces that onApril 4, 2013 three of the Company's Non-Executive Directors increasedtheir beneficial shareholdings in Ithaca, purchasing a total of 140,000Common Shares.Jack C. Lee acquired 65,000 Common Shares at CAD$1.72 per share,increasing his beneficial holding to 765,000 Common Shares,representing approximately 0.29% of the issued share capital of theCompany.Jay Zammit acquired 50,000 Common Shares at CAD$1.72 per share,increasing his beneficial holding to 498,332 Common Shares,representing approximately 0.19% of the issued share capital of theCompany.Brad Hurtubise acquired 25,000 Common Shares at CAD$1.73 per share,increasing his beneficial holding to 125,000 Common Shares,representing approximately 0.05% of the issued share capital of theCompany.Enquiries:Ithaca EnergyIain McKendrick, CEO imckendrick@ithacaenergy.com +44 (0) 1224 650 261Graham Forbes, CFO gforbes@ithacaenergy.com +44 (0) 1224 652 151FTI ConsultingBilly Clegg billy.clegg@fticonsulting.com +44 (0) 207 269 7157Edward Westropp edward.westropp@fticonsulting.com +44 (0) 207 269 7230Georgia Mann georgia.mann@fticonsulting.com +44 (0) 207 269 7212Cenkos Securities plcJon Fitzpatrick jfitzpatrick@cenkos.com +44 (0) 207 397 8900Neil McDonald nmcdonald@cenkos.com +44 (0) 131 220 6939RBC Capital MarketsTim Chapman tim.chapman@rbccm.com +44 (0) 207 653 4641Matthew Coakes matthew.coakes@rbccm.com +44 (0) 207 653 4871About Ithaca EnergyIthaca Energy Inc. (TSX VENTURE: IAE) (LSE: IAE) and its wholly ownedsubsidiary Ithaca Energy (UK) Limited ("Ithaca" or "the Company"),is anoil and gas operator focused on North Sea production, appraisal anddevelopment activities. The Company's strategy is centred on buildinga highly profitable North Sea oil and gas company by maximisingproductionand cashflow from its existing assets, the appraisal anddevelopment of existing discoveries on properties held by the Companyand the delivery of additional growth via acquisitions and licenceround participation. Not for Distribution to U.S. Newswire Services or for Dissemination in the United States -ENDS- This information is provided by RNS The company news service from the London Stock ExchangeEND

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
RNS
Customer
Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com

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