Ithaca Energy Inc.: Annual General Meeting Voting Results

ABERDEEN, SCOTLAND–(Marketwired – Jun 23, 2016) –  Ithaca Energy Inc. (TSX: IAE) (LSE: IAE)

TSX: IAE; LSE: IAE

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

Ithaca Energy Inc.
Annual General Meeting Voting Results
23 June 2016

Ithaca Energy Inc. (TSX: IAE) (LSE: IAE) (“Ithaca” or the “Company”) announces the results of its 2016 Annual General Meeting of shareholders that was held on 22 June 2016 in Calgary, Alberta (the “Meeting”).

For information concerning each of the matters voted upon at the Meeting see the Company’s management Information Circular dated 20 May 2016 (the “Information Circular”), which is available under the Company’s profile on SEDAR (www.sedar.com).

A total of 196,254,867 common shares representing 47.71% of the Company’s issued and outstanding common shares were voted in connection with the Meeting. The voting results for each matter voted on by the Company’s shareholders at the Meeting is provided below:

1. Fixing the Number of Directors
The shareholders passed a resolution fixing the number of directors to be elected at the Meeting at seven.

2. Election of Directors
All of the nominees named in the Information Circular were elected as directors of the Company. The detailed results of voting are as follows:

Nominee	Votes For	%
Brad Hurtubise	183,538,686	96.69
Les Thomas	190,100,222	99.57
Ron A. Brenneman	185,134,587	96.97
Jay M. Zammit	180,602,082	95.14
Alec Carstairs	185,520,136	97.17
Joseph Asaf Bartfeld	187,461,423	98.76
Yosef Abu	189,683,708	99.93

3. Appointment of Auditors

The shareholders approved the appointment of PricewaterhouseCoopers LLP, Chartered Accountants (Aberdeen), as the auditors of the Company to hold office until the next annual meeting of shareholders of the Company at a remuneration to be fixed by the directors.

– ENDS –

Enquiries:
Ithaca Energy
Graham Forbes	gforbes@ithacaenergy.com	+44 (0)1224 652 151
Richard Smith	rsmith@ithacaenergy.com	+44 (0)1224 652 172
FTI Consulting
Edward Westropp	edward.westropp@fticonsulting.com	+44 (0)207 269 7230
Tom Hufton	tom.hufton@fticonsulting.com	+44 (0)203 727 1625
Cenkos Securities
Neil McDonald	nmcdonald@cenkos.com	+44 (0)207 397 8900
Nick Tulloch	ntulloch@cenkos.com	+44 (0)131 220 6939
Beth McKiernan	bmckiernan@cenkos.com	+44 (0)131 220 9778
RBC Capital Markets
Daniel Conti	daniel.conti@rbccm.com	+44 (0)207 653 4000
Matthew Coakes	matthew.coakes@rbccm.com	+44 (0)207 653 4000

About Ithaca Energy

Ithaca Energy Inc. (TSX: IAE) (LSE: 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.

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