Ithaca Energy Inc (fka TSX:IAE)

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Director's Dealing
FOR: ITHACA ENERGY INC.

AIM, TSX SYMBOL: IAE

June 27, 2012

Ithaca Energy Inc.: Director's Dealing

LONDON, UNITED KINGDOM and CALGARY, ALBERTA--(Marketwire - June 27, 2012) -

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

Ithaca Energy Inc. (TSX:IAE)(AIM:IAE) (the "Company") was notified on June 26, 2012 that on that date Iain McKendrick,
CEO of the Company, acquired 31,130 Common Shares in the Company at a price of GBP 95.75p per common share.

Following this transaction, Iain McKendrick's total revised beneficial holding in the Company is 164,578 Common Shares,
representing approximately 0.06 percent of the issued share capital of the Company.

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.

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




FOR FURTHER INFORMATION PLEASE CONTACT:

Ithaca Energy:
Graham Forbes
CFO
[phone]
[e-mail]

OR

Pelham Bell Pottinger Public Relations:
Philip Dennis
[phone]
[e-mail]

OR

Pelham Bell Pottinger Public Relations:
Rollo Crichton-Stuart
[phone]
[e-mail]

OR

Cenkos Securities plc:
Jon Fitzpatrick
[phone]
[e-mail]

OR

Cenkos Securities plc:
Beth McKiernan
[phone]
[e-mail]

OR

RBC Capital Markets:
Tim Chapman
[phone]
[e-mail]

OR

RBC Capital Markets:
Matthew Coakes
[phone]
[e-mail]


Ithaca Energy Inc.

(END) Dow Jones Newswires

June 27, 2012 03:00 ET (07:00 GMT)



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