Ithaca Energy Inc.: Director Share Purchase

ABERDEEN, SCOTLAND -- (Marketwired) -- 05/31/16 -- Ithaca Energy Inc. (TSX: IAE) (LSE: IAE)

TSX: IAE

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

Ithaca Energy Inc.

Director Share Purchase

31 May 2016

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") announces that it was notified on 30 May 2016 that Jack C. Lee, Non-Executive Chairman, purchased 82,600 Common Shares at C$1.06 per share on 27 May 2016 and 16,900 Common Shares at C$1.07 on 30 May 2016. His beneficial holding is now 1,649,500 Common Shares, representing approximately 0.4% of the issued share capital of the Company.

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Enquiries:

Ithaca Energy
Graham Forbes         [email protected]           +44 (0)1224 652 151
Richard Smith         [email protected]            +44 (0)1224 652 172

FTI Consulting
Edward Westropp       [email protected]  +44 (0)207 269 7230
Tom Hufton            [email protected]       +44 (0)203 727 1625

Cenkos Securities
Neil McDonald         [email protected]               +44 (0)207 397 8900
Nick Tulloch          [email protected]                +44 (0)131 220 6939
Beth McKiernan        [email protected]              +44 (0)131 220 9778

RBC Capital Markets
Daniel Conti          [email protected]             +44 (0)207 653 4000
Matthew Coakes        [email protected]           +44 (0)207 653 4000

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 and the exploitation of its existing UK producing asset portfolio. 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:
RNS
Customer Services
0044-207797-4400
[email protected]
http://www.rns.com

Source: Ithaca Energy Inc.

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