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Press release from Marketwire

Ithaca Energy Announces Additional Shares Listing

Monday, December 23, 2013

Ithaca Energy Announces Additional Shares Listing

02:00 EST Monday, December 23, 2013

ABERDEEN, SCOTLAND--(Marketwired - December 22, 2013) - Ithaca Energy Inc. (TSX VENTURE: IAE)

(LSE: IAE)

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States Ithaca Energy Inc. Additional Shares Listing 23 December 2013Ithaca Energy Inc. (TSX: IAE, LSE: IAE) ("Ithaca" or the "Company")announces the listing of an additional 800,000 common shares in theCompany.Following the recent exercise of expiring share options by a formerIthaca employee, the Company has issued and allotted a total of 800,000common shares ("New Common Shares") and has applied for these NewCommon Shares to be admitted to trading on AIM. Admission of the NewCommon Shares is expected to occur on 30 December 2013. Each New CommonShare will rank pari passu with the existing common shares.Following the issue and allotment of the New Common Shares, the Companywill have a total of 323,633,620 common shares in issue with one votingright per common share. There are no common shares held in treasury.The total number of voting shares in the Company is therefore323,633,620. This figure may be used by shareholders in the Company asthe denominator for the calculations by which they will determine ifthey are required to notify their interest in, or a change in theirinterest in, the share capital of the Company under the UK FinancialServices Authority's Disclosure and Transparency Rules.The total number of common shares under option is now 14,593,567,representing approximately 4.3% of the total shares outstanding andunder option. - ENDS -Enquiries:Ithaca EnergyGraham Forbes gforbes@ithacaenergy.com +44 (0)1224 652 151Richard Smith rsmith@ithacaenergy.com +44(0) 1224 652 172FTI ConsultingEdward Westropp edward.westropp@fticonsulting.com +44 (0)207 269 7230Georgia Mann georgia.mann@fticonsulting.com +44 (0)207 269 7212Cenkos SecuritiesNeil McDonald nmcdonald@cenkos.com +44 (0)131 220 6939Beth McKiernan bmckiernan@cenkos.com +44 (0)131 220 9778RBC 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: IAE, LSE: IAE) is a North Sea oil and gasoperator focused on the delivery of lower risk growth through theappraisal and development of UK undeveloped discoveries, theexploitation of its existing UK producing asset portfolio and aNorwegian exploration and appraisal business centred on the generationof discoveries capable of monetisation prior to development. Ithaca'sstrategy is centred on generating sustainable long term shareholdervalue by building a highly profitable 25kboe/d North Sea oil and gascompany. For further information please consult the Company's websitewww.ithacaenergy.com.Not for Distribution to U.S. Newswire Services or for Dissemination in the United States 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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