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Crown Point Provides Neuquen Basin Operational Update

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Crown Point Energy Inc. advises that significant progress has been made in plans to develop its 690,000 net acres of land:

Production Update

Crown Point's net daily production during July and August of 2012 has averaged 2,070 Boed comprised of 1,630 Barrels of oil equivalent from Tierra del Fuego and 440 barrels of oil from El Valle.

Cerro De Los Leones Concession – Neuquén Basin, Mendoza

Crown Point's Cerro de los Leones seismic program commenced in August as necessary permits were obtained. The initial phase of the program was to re-condition existing access roads and tracks so as to enable the seismic crews to effectively access the property. The Seismic program is comprised of 122 km of 2D seismic and 160 km2 of 3D seismic. The majority of the 2D program has been shot and is in for…

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