FPF-1 Update

Friday 22 July 2016

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) reports that the "FPF-1" floating production facility has completed the required inclination test as planned and departed the Remontowa shipyard in Gdansk, Poland. The vessel has been moved to a deep water location offshore Gdansk to undertake final marine system trials over the course of next week. Upon completion of these trials, the FPF-1 will commence the tow to the Stella field. A further update will be provided once towing operations have commenced.

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