Veresen Inc. ("Veresen" or "the Company") (TSX:VSN) announced today that a decision has been rendered in respect of the application commenced by Energy Fundamentals Group Inc. ("EFG") in the Ontario Superior Court of Justice in Toronto in August, 2014. In the application, EFG sought a declaration that, pursuant to a letter agreement dated July 27, 2005 between EFG and Fort Chicago Energy Partners L.P., the predecessor to Veresen, EFG has a valid option to acquire up to 20% of Veresen's equity interest in the Jordan Cove liquefied natural gas ("LNG") terminal and related assets in Coos Bay, Oregon.

The decision of the court handed down today declared that the option was not terminated and continues to apply to the Jordan Cove LNG project. Veresen is reviewing the decision of the court in order to determine what further steps to take in respect of the decision including, among other things, filing an appeal of the decision. Veresen continues to believe that the existence of the option and whether or not it is exercised will have no material impact on the Company.

About Veresen Inc.

Veresen is a publicly-traded dividend paying corporation based in Calgary, Alberta that owns and operates energy infrastructure assets across North America. Veresen is engaged in three principal businesses: a pipeline transportation business comprised of interests in the Alliance Pipeline, the Ruby Pipeline and the Alberta Ethane Gathering System; a midstream business which includes an ownership interest in Aux Sable, a world-class natural gas liquids (NGL) extraction facility near Chicago and other natural gas and NGL processing energy infrastructure, and a proposed partnership interest in Veresen Midstream Limited Partnership which will own midstream assets in western Canada; and a power business comprised of a portfolio of assets in Canada. Veresen is also developing Jordan Cove LNG, a six million tonne per annum natural gas liquefaction facility proposed to be constructed in Coos Bay, Oregon, and the Pacific Connector Gas Pipeline. In the normal course of business, Veresen regularly evaluates and pursues acquisition and development opportunities.

Veresen's Common Shares, Cumulative Redeemable Preferred Shares, Series A and Cumulative Redeemable Preferred Shares, Series C trade on the Toronto Stock Exchange under the symbols "VSN", "VSN.PR.A" and "VSN.PR.C", respectively.

See the site of the Jordan Cove Energy Project