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Iona Energy Announces Organizational Update

Marketwired

CALGARY, ALBERTA--(Marketwired - Oct. 29, 2013) -

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

Iona Energy Inc. ("Iona" or the "Company") (TSX VENTURE:INA), announces that Rod Begbie, Chief Financial Officer of the Company, has resigned as CFO, as the Company and Mr. Begbie were not able to agree upon mutually satisfactory terms in relation to Mr. Begbie's contract of employment with the Company.

Effective immediately, Graham Heath, currently VP Corporate Development, has resumed the position of Interim CFO.

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

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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.