Iona Energy Inc.

IONA ENERGY ANNOUNCES ITS SENIOR SECURED BOND HAS COMMENCED TRADING ON THE NORDIC ABM

Iona Energy Inc. / Iona Energy Inc. : IONA ENERGY ANNOUNCES ITS SENIOR SECURED BOND HAS COMMENCED TRADING ON THE NORDIC ABM . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

CALGARY, ALBERTA, March 21^st, 2014 - Iona Energy Inc. ("Iona" or the "Company") (TSX V: INA) is pleased to announce that its USD 275 million senior secured bonds (the "Bonds") issued by its UK subsidiary Iona Energy Company (UK) plc (formerly Iona Energy Company (UK) Limited) have commenced trading on the Nordic ABM.

Bond Specifics

Issue name: Iona Energy Company (UK) 13/18 9.50% USD

Ticker: IEC01 PRO

Instrument ID: 1300924

ISIN: NO0010689763

Segment: OABM

Country: UK

Trading currency: USD

Current outstanding principal amount: 275 mm, limited issue

Interest accrual date: 27.09.2013

Maturity date: 27.09.2018

Coupon rate: 9.50 % p.a.

Sector list: Foreign bonds (AFB)

Managers: Pareto Securities

Central Securities Depository: VPS

The Bonds mature on September 30, 2018 after a five year term. The Bonds carry an annual coupon rate of 9.5% payable semi-annually, were issued at 97.5% of par and are callable in whole or in part at the option of the Issuer at any time. Commencing 30 months after the Settlement Date, the Bonds will amortize 15% of the issue amount every six months with a 25% final payment at maturity. The amortizations will be performed at the prevailing call option prices of 105%, 104%, 104%, 103% and 103% of par value with the residual amount payable at 102% of par value.

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

For further information please contact:

Neill A. Carson, Chief Executive Officer

Telephone: [phone]

Graham A. Heath, Interim Chief Financial Officer

Telephone: [phone]

David Ricciardi, Manager, Investor Relations

Telephone: [phone]

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.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Iona Energy Inc. via Globenewswire

HUG#1770752

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Iona Energy Inc.
Bankers Hall, West Tower Calgary, Alberta Canada

WKN: A1JS8Y;ISIN: CA46205X1033;
Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;