Iona Energy Announces Organizational Update

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN
UNITED STATES


Iona Energy Inc. ("Iona" or the "Company") (TSX VENTURE:INA) announces that Alan
Curran, Chief Operating Officer ("COO") of the Company, has tendered his
resignation. Mr. Curran will be assuming a CEO role with a North Sea industry
peer. Mr. Curran will stay with the Company as COO for up to three months in
order to enable an orderly transition. Iona plans to provide an update on a new
COO in the near future.


The Company is pleased to announce also that Phillip Oldham, formerly Managing
Director of Nexen UK, will be assisting Iona in the Company's plan to elevate
its capacity for execution and growth through operatorship in the North Sea
basin. As such, Phil brings valuable executive level broad business and
commercial North Sea experience with respect to operatorship, joint ventures,
new business operations, supply chain management and access to infrastructure.


Iona would like to thank Mr. Curran for his hard work and efforts during Iona's
growth into a successful North Sea production company and wishes him continued
success in his future endeavours.


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.


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]