Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) announced today that it has filed the management information circular and proxy statement and related meeting materials (the "Meeting Materials") for the special meeting of holders ("Shareholders") of common shares (the "Common Shares") of Enerplus to be held on May 24, 2024 at 10:00 a.m. (Calgary time) (the "Meeting").

At the Meeting, Shareholders will be asked to vote on the previously announced plan of arrangement which provides for the acquisition by Chord Energy Corporation ("Chord"), through its wholly-owned subsidiary Spark Acquisition ULC ("AcquireCo"), of all of the outstanding Common Shares for consideration consisting of 0.10125 of a share of common stock of Chord and US$1.84 in cash, for each Common Share.

The Meeting Materials will be mailed to Shareholders shortly. Copies of the Meeting Materials are available on Enerplus' profile on SEDAR+ at www.sedarplus.ca, on Enerplus' profile on the Electronic Data Gathering, Analysis and Retrieval system (EDGAR) at www.sec.gov and on Enerplus' website at www.enerplus.com. Shareholders are urged to carefully review and consider the Meeting Materials, which contain important information concerning the plan of arrangement and the rights and entitlements of the Shareholders in relation thereto and to consult with their financial, tax, legal or other professional advisors.

Enerplus is an independent North American oil and gas exploration and production company focused on creating long-term value for its shareholders through a disciplined, returns-based capital allocation strategy and a commitment to safe, responsible operations. For more information, visit the Company's website at www.enerplus.com.

SOURCE Enerplus Corporation

SOURCE: Enerplus Corporation

please contact Investor Relations at 1-800-319-6462 or email
investorrelations@enerplus.com; Investor Contacts: Drew Mair, 403-298-1707; Krista
Norlin, 403-298-4304

COMTEX_451422433/2197/2024-04-25T16:33:00