INA

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN
UNITED STATES


Iona Energy Inc. ("Iona" or the "Company") (TSX VENTURE:INA) is pleased to
announce that the Company has been informed by the Operator that production of
the Huntington Field commenced late on Friday April 12th, 2013. 


The working interests in the Huntington field are E.ON Ruhrgas UK E&P (25%
Operator), Premier Oil plc (40%), Norwegian Energy Company ASA (20%), and Iona
(15%). Iona also owns Royalties equivalent to 2.55% of total gross oil and gas
production from the Huntington Joint Venture Partners. 


The Huntington Oil Field, Paleocene reservoir oil, which is located in Block
22/14b in the UK part of the Central North Sea, has been developed through four
production and two water-injection wells and is tied back to Teekay's Floating
Production Storage and Offloading ("FPSO") vessel, the Voyageur Spirit, with
production capacity of 30,000 barrels of oil per day and 27 million standard
cubic feet of gas per day. 


Additional information relating to the Company is available on SEDAR at
www.sedar.com.


About Iona Energy:

Iona Energy Inc. and its wholly owned subsidiary Iona Energy Company (UK)
Limited (collectively, "Iona" or the "Company"), is an oil and gas exploration,
development and production company focused on oil and gas development and
exploration in the United Kingdom's North Sea.


Forward-looking statements

Some of the statements in this announcement are forward-looking, including
statements estimates of the quantities of proved reserves, probable reserves,
and possible reserves, as well as estimates of the net present value of future
net revenue of proved reserves, probable reserves, and possible reserves.
Forward-looking statements include statements regarding the intent, belief and
current expectations of Iona Energy Inc. or its officers with respect to various
matters, including Huntington production, reserves or otherwise. When used in
this announcement, the words "expects," "believes," "anticipate," "plans,"
"may," "will," "should", "scheduled", "targeted", "estimated" and similar
expressions, and the negatives thereof, are intended to identify forward-looking
statements. Such statements are not promises or guarantees, are based on various
assumptions by Iona's management and are subject to risks and uncertainties that
could cause actual outcome to differ materially from those suggested by any such
statements. These forward-looking statements speak only as of the date of this
announcement. Iona Energy Inc. expressly disclaims any obligation or undertaking
to release publicly any updates or revisions to any forward-looking statement
contained herein to reflect any change in its expectations with regard thereto
or any change in events, conditions or circumstances on which any
forward-looking statement is based except as required by applicable securities
laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Iona Energy Inc.
Neill A. Carson
Chief Executive Officer
+011 (44) 1224 228400


Iona Energy Inc.
Graham Heath
Chief Financial Officer
+011 (44) 1224 228400

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