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Tuesday, 03/29/2011 10:02:01 AM

Tuesday, March 29, 2011 10:02:01 AM

Post# of 17741
Ithaca Energy Inc. Beatrice Area Jacky Operational Update

March 29, 2011

LONDON, UNITED KINGDOM and CALGARY, ALBERTA--(Marketwire - March 29, 2011) -

Ithaca Energy Inc. (TSX VENTURE:IAE)(AIM:IAE) announces that drilling of the J03 well on the Jacky field has
now recommenced, as previously stated.

The Energy Enhancer drilling unit is now fully operational following successful repair to the drilling mud
handling system onboard the rig. Production from J01 was briefly suspended to complete the 'top hole section'
of the J03 well and then immediately reinstated. The J03 well has now been drilled to approximately 2,400 feet
measured depth and drilling operations are scheduled to last approximately a further 60 days.

Focus Focus Focus Focus !!!!

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