Valener shareholders approve all resolutions submitted at the Annual Meeting of Shareholders

MONTREAL, March 27, 2013 /CNW Telbec/ - Valener Inc. ("Valener") (TSX: VNR) 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 as external auditor, have all been adopted at its Annual Meeting of Shareholders that was held today.

Election of directors

Each of the four nominees listed in the Management Proxy Circular dated February 15, 2013 were re-elected as directors of Valener. The results of the votes cast are as follows:

The Board of Directors of Valener has re-appointed Mr. Pierre Monahan as Chairman of the Board. The Board of Directors also re-appointed the four directors as members of the Audit Committee and Mr. Réal Sureau has been re-confirmed as Chairman of the Committee.

About Valener

Valener owns an economic interest of approximately 29% in Gaz Métro Limited Partnership ("Gaz Métro"). Valener therefore has a stake in the energy industry and benefits from Gaz Métro's diversified profile, both in terms of geography and business segment. Valener also owns a 24.5% indirect interest in the wind power projects jointly developed with Gaz Métro and Boralex Inc. on the private lands of Séminaire de Québec. Valener's common shares and preferred shares are listed on the Toronto Stock Exchange under the "VNR" trading symbol for common shares and under the "VNR.PR.A" symbol for Series A preferred shares. www.valener.com

SOURCE: VALENER INC.