First Quarter 2016 Results Call

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

Ithaca Energy Inc.

First Quarter 2016 Results Call

16 May 2016

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) (the "Company") clarifies that the planned conference call and webcast for investors and analysts on the financial results for the three months ended 31 March 2016 will be held today at 12.00 BST (07.00 EDT). Listen to the call live via the Company's website (www.ithacaenergy.com) or alternatively dial-in on one of the following telephone numbers and request access to the Ithaca Energy conference call: UK +44 203 059 8125; Canada +1 855 287 9927; US +1 866 796 1569. A short presentation to accompany the results will be available on the Company's website prior to the call.

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Enquiries:

Ithaca Energy

Les Thomas [email protected] +44 (0)1224 650 261

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 1953

Nick Tulloch [email protected] +44 (0)131 220 9772

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