Iona Energy Announces Bondholder Meeting

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


Iona Energy Inc. ("Iona" or the "Company") (TSX VENTURE:INA) has today through
its wholly owned subsidiary, Iona Energy Company (UK) plc, summoned a
bondholders' meeting in the 9.50 per cent Iona Energy Company (UK) plc Senior
Secured Callable Bond Issue 2013/2018 (ISIN NO 001 0689763) to request certain
amendments to the terms of the bond agreement governing the bond issue. For
further information, please see the summons to the bondholders' meetings here:
http://media3.marketwire.com/docs/940065p.pdf


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


About Iona Energy:

Iona 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.


Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Iona Energy Inc.
Neill A. Carson
Chief Executive Officer
[phone]


Iona Energy Inc.
Graham A. Heath
Interim Chief Financial Officer
[phone]


Iona Energy Inc.
David Ricciardi
Manager, Investor Relations
[phone]