Encana Renews Medium Term Note Program

On May 18, 2011, Encana Corporation filed a short form base shelf prospectus in all the provinces of Canada renewing its $2 billion medium term note program and entered into a dealer agreement with eight investment dealers. Pursuant to the program, Encana may issue medium term notes from time to time during the period ending June 18, 2013.

The investment dealers consisted of BMO Nesbitt Burns Inc., CIBC World Markets Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.

Encana was represented by in-house counsel David Sheridan and by Bennett Jones LLP, with a team that comprised Margaret Lemay, John Piasta and Scott Jeffers (securities/corporate).

The investment dealers were represented by Fraser Milner Casgrain LLP with a team that comprised Dale Skinner, Toby Allan, Tim Haney and Keith Inman (securities/corporate).