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Ithaca Energy Inc Announces Additional Listing

ABERDEEN, SCOTLAND -- (Marketwire) -- 02/07/13 --


TSX-V:IAE

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

                            Ithaca Energy Inc.

                           Additional listing

                             7 February 2013

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) announces that following
recent exercises of options by employees under the Company's stock
option plan, the Company has applied for a total of 33,333 common
shares ("New Common Shares") to be admitted to trading on AIM. Each New
Common Share will rank pari passu with the existing common shares.

Following this application, the Company will have 259,953,336 Common
Shares outstanding with one voting right per Common Share. There are no
Common Shares held by Ithaca in treasury. The total number of voting
shares in the Company is therefore 259,953,336. This figure may be used
by shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of the
Company under the UK Financial Services Authority's Disclosure and
Transparency Rules.

It is expected that dealings in the New Common Shares will commence 12
February 2013.

Enquiries:

Ithaca Energy:
Iain McKendrick, CEO [email protected]  +44 (0) 1224 650 261
Graham Forbes, CFO   [email protected]      +44 (0) 1224 652 151

FTI Consulting:
Billy Clegg      [email protected]     +44 (0) 207 269 7157
Edward Westropp  [email protected] +44 (0) 207 269 7230
Georgia Mann     [email protected]    +44 (0) 207 269 7212

Cenkos Securities plc:
Jon Fitzpatrick  [email protected]           +44 (0) 207 397 8900
Ken Fleming      [email protected]               +44 (0) 131 220 6939

RBC Capital Markets:
Tim Chapman      [email protected]             +44 (0) 207 653 4641
Matthew Coakes   [email protected]          +44 (0) 207 653 4871

About Ithaca Energy:

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) and its wholly owned
subsidiary Ithaca Energy (UK) Limited ("Ithaca" or "the Company"),is an
oil and gas operator focused on North Sea production, appraisal and
development activities. The Company's strategy is centred on building
a highly profitable North Sea oil and gas company by maximising
production and cashflow from its existing assets, the appraisal and
development of existing discoveries on properties held by the Company
and the delivery of additional growth via acquisitions and licence
round participation.

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

Forward-looking statements

Some of the statements in this announcement are forward-looking.
Forward-looking statements include statements regarding the intent,
belief and current expectations of Ithaca Energy Inc. or its officers
with respect to various matters. When used in this announcement, the
words "anticipate", "continue", "estimate", "expect", "may",
"will","project", "plan", "should", "believe", "could", "target" and
similar expressions, and the negatives thereof., whether used in connection
with operational activities, production forecasts, budgetary figures
contained in the corporate presentation, potential developments or
otherwise, are intended to identify forward-looking statements. Such
statements are not promises or guarantees, and are subject to known and
unknown risks and uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such
forward-looking statements or information. These forward-looking
statements speak only as of the date of this announcement. Ithaca
Energy Inc. expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statement contained herein to reflect any change in its expectations
with regard thereto or any change in events, conditions or
circumstances on which any forward-looking statement is based except as
required by applicable securities laws.

-ENDS-

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