Ithaca Energy Inc.: Director Share Purchase

ABERDEEN, SCOTLAND–(Marketwired – May 31, 2016) – Ithaca Energy Inc. (TSX: IAE) (LSE: IAE)

TSX: IAE

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Ithaca Energy Inc.

Director Share Purchase

31 May 2016

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) (“Ithaca” or the “Company”) announces that it was notified on 30 May 2016 that Jack C. Lee, Non-Executive Chairman, purchased 82,600 Common Shares at C$1.06 per share on 27 May 2016 and 16,900 Common Shares at C$1.07 on 30 May 2016. His beneficial holding is now 1,649,500 Common Shares, representing approximately 0.4% 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.

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