Encana commences consent solicitation

Encana commences consent solicitation 
CALGARY, ALBERTA -- (Marketwire) -- 11/05/12 -- Encana Corporation
(TSX:ECA) (NYSE:ECA) ("Encana") announced it has commenced a consent
solicitation to amend the indentures relating to its 8.125% Notes due
2030, 7.375% Notes due 2031, and 7.2% Notes due 2031 (collectively,
"the Notes"). The purpose of the consent solicitation is to amend
certain definitions to reflect Encana's adoption of U.S. GAAP and to
amend certain provisions to be more consistent with other indentures
executed by Encana. The proposed amendments to the indentures are
fully described in the Consent Solicitation Statement dated November
5, 2012 (the "Consent Solicitation Statement"). Holders of the Notes
are urged to read and carefully consider the information contained in
the Consent Solicitation Statement.  
The consent solicitation expires at 5:00 p.m., New York City time, on
November 16, 2012, unless otherwise extended by Encana (such time and
date, as they may be extended, the "Expiration Date"). Only holders
of record of the Notes as of 5:00 p.m., New York City time, on
November 2, 2012 are eligible to deliver consents to the proposed
amendments in the consent solicitation. 
As described in the Consent Solicitation Statement, Encana will pay a
consent fee to each person shown on the records of the registrar for
the Notes as a holder at 5:00 p.m., New York City time, on November
2, 2012 who has properly delivered, and not revoked, a consent to a
proposal by the Expiration Date. Encana's obligation to accept
consents and pay a consent fee is subject to certain conditions as
set out in the Consent Solicitation Statement.  
Wells Fargo Securities is acting as the Solicitation Agent for the
consent solicitation. D.F. King & Co., Inc. is acting as the
Information and Tabulation Agent. Questions concerning the terms of
the consent solicitation should be directed to Wells Fargo Securities
at (866) 309-6316 (toll-free) or (704) 715-8341 (collect). Requests
for assistance in completing the consent form or requests for
additional copies of the consent solicitation statement, the consent
form or other related documents may be directed to D.F. King at (800)
758-5880 (toll-free) or (212) 269-5550 (banks and brokers). 
Advisory: This news release is for informational purposes onl
y and
does not constitute an offer to sell or the solicitation of an offer
to buy the Notes or any other security and shall not constitute an
offer, solicitation or sale in any jurisdiction in which, or to any
persons to whom, such offering, solicitation or sale would be
unlawful. The consent solicitation is being made solely pursuant to
the Consent Solicitation Statement dated November 5, 2012 and the
accompanying consent form. 
Encana Corporation 
Encana is a leading North American energy producer that is focused on
growing its strong portfolio of diverse resource plays producing
natural gas, oil and natural gas liquids. By partnering with
employees, community organizations and other businesses, Encana
contributes to the strength and sustainability of the communities
where it operates. Encana common shares trade on the Toronto and New
York stock exchanges under the symbol ECA. 
Further information on Encana Corporation is available on the
company's website, www.encana.com. 
Source: Encana Corporation
Encana Corporation
Ryder McRitchie
Vice-President, Investor Relations
(403) 645-2007 
Encana Corporation
Lorna Klose
Manager, Investor Relations
(403) 645-6977 
Encana Corporation
Jay Averill
Media Relations
(403) 645-4747
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