Gordon J. Kerr Retiring as President & CEO of Enerplus, Ian C. Dundas to Become President and CEO

The Board of Directors of Enerplus Corporation ("Enerplus")

today announced that Mr. Gordon J. Kerr will be retiring as President & Chief Executive Officer ("CEO") effective June 30, 2013. Mr. Ian C. Dundas, currently Executive Vice President & Chief Operating Officer, will succeed Mr. Kerr as President & Chief Executive Officer. Mr. Kerr will also be retiring as a Director of Enerplus on June 30, 2013, and Mr. Dundas will assume a director role at that time. "Gord has been a central figure in Enerplus' success over our 27 year history," said Doug Martin, Chairman of the Board of Directors. "Under his leadership as CEO since 2001, Enerplus has grown into a $3.0 billion oil and gas company while distributing over $5 billion in dividends or distributions to our investors during this 12-year period. Today, Enerplus is well positioned with substantial assets in a number of North America's most sought-after plays. It has been a pleasure to work with Gord. He has made significant contributions to Enerplus, our industry and to the community. On behalf of the Board of Directors, I want to thank Gord for the energy, ideas, and direction