Iona Energy Named to the 2014 TSX Venture 50(R)

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UNITED STATES


Iona Energy Inc. ("Iona" or the "Company") (TSX VENTURE:INA) is pleased to
announce that it has been included in the 2014 TSX Venture 50(R), a ranking
reserved for the strong performing companies listed on the TSX Venture Exchange.


The 2014 TSX Venture 50(R) is a ranking of top performers on TSX Venture
Exchange spanning Clean Technology, Diversified Industries, Mining, Oil & Gas
and Technology & Life Sciences. These emerging companies, which include Iona,
have shown strong results in key measures of market performance. The ranking is
comprised of 10 companies from each of the aforementioned five industry sectors
and they were selected based on four equally weighted criteria: market
capitalization growth, share price appreciation, trading volume and analyst
coverage.


According to the statistics collected by the TSX Venture Exchange, in 2013 Iona
experienced an 18% growth in share price and a 37% growth in market
capitalization to rank 9th in the oil and gas sector. Iona will be recognized by
the TSX Venture Exchange in an award ceremony on April 1st, 2014 to honour this
year's Top 50 companies.


"Iona is honoured to have been chosen, for the second year in a row, as one of
the 2014 TSX Venture 50(R) companies," stated Neill Carson, President and Chief
Executive Officer of Iona. "Our team has worked hard to deliver top tier results
to its shareholders which is reflective in our top 10 ranking in the oil and gas
sector."


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, Corporate & Investor Relations
403 978 4894