Director Shareholding

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Ithaca Energy Inc.

Director Shareholding

26 November 2015

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) (the "Company") announces that it was notified on 25 November 2015 that Jack C. Lee, Non-Executive Chairman, purchased 150,000 Common Shares at C$0.78 per share on that date. His beneficial holding is now 1,550,000 Common Shares, representing approximately 0.38% of the issued share capital of the Company. 

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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.

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)203 727 1521

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

RBC Capital Markets

Daniel Conti [email protected] +44 (0)207 653 4000

Matthew Coakes [email protected] +44 (0)207 653 4000