Crown Point Provides Update on Apco Austral Acquisition

May 18, 2018

CALGARY, Alberta, May 18, 2018 (GLOBE NEWSWIRE) -- Crown Point Energy Inc. (TSX-V:CWV) ("Crown Point" or the "Company") today provided an update regarding its previously announced acquisition (the "Acquisition") of all of the outstanding shares of Apco Austral S.A. ("Apco Austral") from a subsidiary of Pluspetrol S.A. ("Pluspetrol"). Apco Austral holds a 25.7796% participating interest in the Rio Cullen, Las Violetas and La Angostura hydrocarbon exploitation concessions located in the Tierra del Fuego region of the Austral basin in Southern Argentina (collectively, the "TDF Concessions"). Crown Point currently holds a 25.7804% interest in the TDF Concessions.

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