Standard & Poor's Announces Changes In The S&P/TSX Venture Indices

Standard & Poor's will make the following changes in the S&P/TSX Venture Indices:

The Toronto Stock Exchange announced today in the Daily Bulletin that the shares of Ithaca Energy Inc. (TSXVN:IAE) will graduate to trade on TSX at the open of trading on Tuesday, November 1, 2011. The ticker symbol will remain "IAE" and the CUSIP number will remain 465676 10 4. The company will be removed from the S&P/TSX Venture Composite Index after the close of trading on Monday, October 31, 2011.

Ithaca Energy is also a constituent of the S&P/TSX Venture Select Index. The company will be removed from this index effective after the close of Friday, November 4, 2011, at which time it will be listed on TSX. The company is also a constituent of the S&P/TSX Venture 30 Index. It will remain in this index, according to methodology, until the next index review after the end of January, 2012.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.