IAE Ithaca Energy Inc.

TORONTO, Oct. 28, 2011 /CNW/ - 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. About S&P Indices S&P Indices, a part of McGraw-Hill Financial, is the world's leading index provider maintaining a wide variety of investable and benchmark indices. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely-watched commodities index and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices. About McGraw-Hill Financial McGraw-Hill Financial, a part of The McGraw-Hill Companies , is a leading provider of research and analytical tools for investment advisors, wealth managers and institutional investors. It deploys the latest innovative technology strategies to deliver to customers a portfolio of cross-asset analytics, integrated desktop services, valuation and index benchmarks and investment recommendations in the rapidly growing $16 billion financial information, data and analytics market. Standard & Poor's Canadian Index Operations CONTACT: Tony North Dave Guarino(416) 507-3204 1 212 438 1471sp_index@standardandpoors.com Dave_guarino@standardandpoors.com

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