EnCana announces Gwyn Morgan's retirement from its Board of Directors

CALGARY, Alberta (October 25, 2006) - EnCana Corporation (TSX & NYSE: ECA) today announced that, in accordance with plans established at the time of his retirement one year ago, Gwyn Morgan has stepped down from the company's Board of Directors and from his position as Vice-Chairman of EnCana, effective October 25, 2006.

Gwyn Morgan is EnCana's founding President & Chief Executive Officer. He has worked for three decades building EnCana and one of its predecessor companies - Alberta Energy Company Ltd.

"The Board of Directors and management of EnCana express deep appreciation to Gwyn for his outstanding leadership, and wish him health and fulfillment as he pursues new endeavours," said David O'Brien, EnCana's Chairman.

EnCana Corporation
With an enterprise value of approximately US$45 billion, EnCana is a leading North American natural gas producer and a technical and cost leader in the in-situ recovery of oilsands bitumen. 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, or by contacting:

Investor contact:
EnCana Corporate Finance
Sheila McIntosh
Vice-President, Investor Relations

Paul Gagne
Manager, Investor Relations

Ryder McRitchie
Manager, Investor Relations

Media contact:
Alan Boras
Manager, Media Relations

ECA stock price

TSX $6.18 Can -0.34

NYSE $4.75 USD -0.26

As of 2019-07-15T16:00:00. Minimum 15 minute delay