ABERDEEN, SCOTLAND--(Marketwire - Sep 18, 2012) -

 TSX-V:IAE Not for Distribution to U.S. Newswire Services or for Dissemination in the United States Ithaca Energy Inc. Corporate Presentation London, UK - Calgary, Canada, September 18, 2012 - Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) announces that an updated corporate presentation is available on the Company's website, [ www.ithacaenergy.com ] . The presentation summarises the current status and priorities associated with the Company's operational activities and ongoing development work programmes and highlights that additional oil price hedging has been put in place to further underpin revenues in the 2012-13 period. Enquiries: Ithaca Energy: Iain McKendrick, CEO [ imckendrick@ithacaenergy.com ] +44 (0) 1224 650 261 Graham Forbes, CFO [ gforbes@ithacaenergy.com ] +44 (0) 1224 652 151 FTI Consulting: Billy Clegg [ billy.clegg@fticonsulting.com ] +44 (0) 207 269 7157 Edward Westropp [ edward.westropp@fticonsulting.com ] +44 (0) 207 269 7230 Georgia Mann [ georgia.mann@fticonsulting.com ] +44 (0) 207 269 7212 Cenkos Securities plc: Jon Fitzpatrick [ jfitzpatrick@cenkos.com ] +44 (0) 207 397 8900 Beth McKiernan [ bmckiernan@cenkos.com ] +44 (0) 131 220 6939 RBC Capital Markets: Tim Chapman [ tim.chapman@rbccm.com ] +44 (0) 207 653 4641 Matthew Coakes [ matthew.coakes@rbccm.com ] +44 (0) 207 653 4871 About Ithaca Energy: Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited ("Ithaca" or "the Company"),is an oil and gas exploration, development and production company active in the United Kingdom's Continental Shelf ("UKCS"). The goal of Ithaca, in the near term, is to maximize production and achieve early production from the development of existing discoveries on properties held by Ithaca, to originate and participate in exploration and appraisal on properties held by Ithaca when capital permits, and to consider other opportunities for growth as they are identified from time to time by Ithaca. Not for Distribution to U.S. Newswire Services or for Dissemination in the United States -ENDS- This information is provided by RNS The company news service from the London Stock Exchange END