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Valener Shareholders Approve all Resolutions Submitted at the Annual Meeting of Shareholders


FOR: VALENER INC.
TSX SYMBOL: VNR
TSX SYMBOL: VNR.PR.A

Date issue: March 21, 2017
Time in: 5:02 PM e

Attention:

MONTREAL, QUEBEC--(Marketwired - March 21, 2017) - Valener Inc. ("Valener") (TSX:VNR) (TSX:VNR.PR.A) is pleased to announce that the two resolutions proposed, i.e. the resolution for the election of directors and the resolution for the appointment of KPMG LLP, have all been adopted at its Annual Meeting of Shareholders that was held today.

Election of directors

Each of the five nominees listed in the Management Proxy Circular dated February 8, 2017 were elected as directors of Valener. The results of the votes cast are as follows:

/T/

---------------------------------------------------------------------------- Name Votes For % Votes Withheld % ---------------------------------------------------------------------------- Mary-Ann Bell 9,799,064 98.98 100,653 1.02 ---------------------------------------------------------------------------- Francois Gervais 9,785,653 98.85 114,064 1.15 ---------------------------------------------------------------------------- Gwen Klees 9,746,919 98.46 152,798 1.54 ---------------------------------------------------------------------------- Pierre Monahan 9,777,345 98.76 122,372 1.24 ---------------------------------------------------------------------------- Serge Regnier 9,775,361 98.74 124,356 1.26 ----------------------------------------------------------------------------

/T/

The Board of Directors of Valener has re-appointed Mr. Pierre Monahan as Chairman of the Board and has appointed the five directors as members of the Audit Committee. The Board of Directors also re-appointed Mr. Francois Gervais as Chairman of the Audit Committee.

About Valener

Valener is a widely held public company that serves as the investment vehicle in Gaz Metro. Through its investment in Gaz Metro, Valener offers its shareholders a solid investment in a diversified and largely regulated energy portfolio in Quebec and Vermont. As a strategic partner, Valener, on the one hand, contributes to Gaz Metro's growth, and on the other, invests in wind power production in Quebec alongside Gaz Metro. Valener favours energy sources and uses that are innovative, clean, competitive and profitable. Valener's common and preferred shares are listed on the Toronto Stock Exchange under the "VNR" symbol for common shares and under the "VNR.PR.A" symbol for Series A preferred shares. www.valener.com

Photos, videos (b-roll) and logos are available in Gaz Metro's Multimedia library.

- END RELEASE - 21/03/2017

For further information:
For additional information:
Investors and Analysts
Mariem Elsayed
514-598-3253
investors@valener.com
OR
Media
Marie-Christine Demers
514-598-3449
www.twitter.com/gazmetro
www.gazmetro.com/pressroom

COMPANY:
FOR: VALENER INC.
TSX SYMBOL: VNR
TSX SYMBOL: VNR.PR.A

INDUSTRY: Energy and Utilities - Alternative Energy, Energy and
Utilities - Oil and Gas , Energy and Utilities - Utilities, Energy
and Utilities - Clean Technology
RELEASE ID: 20170321CC0093

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization issuing the release, not to The Canadian Press.



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