CWV Crown Point Energy Inc

Crown Point Energy Inc. ("Crown Point" or the "Company") (TSX VENTURE:CWV) is
pleased to announce that it and its partners have commenced the drilling of the
first well of the planned ten well drilling program on the 25.78% interest Las
Violetas Concession in Tierra del Fuego, Argentina. The well is targeting
natural gas in the Springhill Formation and has a planned total depth of 2,200
metres. The balance of the planned ten well program will be drilled
sequentially.


Crown Point advises that it has secured the services of a completion rig for the
100% interest La Hoyada x-1 exploration well located on its Cerro de Los Leones
concession in the Province of Mendoza. Completions operations are expected to
commence in the latter part of May. The completion program is targeting heavily
fractured igneous intrusives in the Vaca Muerta oil shale formation.


About Crown Point

Crown Point Energy Inc. is an international oil and gas exploration and
development company headquartered in Calgary, Canada, incorporated in Canada,
trading on the TSX Venture Exchange and operating in South America. Crown
Point's exploration and development activities are focused in the, Neuquen,
Austral and Golfo San Jorge basins in Argentina. Crown Point has a strategy that
focuses on establishing a portfolio of producing properties, plus production
enhancement and exploration opportunities to provide a basis for future growth.


Forward-Looking Information Advisory

Certain statements contained in this document constitute forward-looking
statements or information (collectively "forward-looking statements") within the
meaning of the "safe harbour" provisions of applicable securities legislation.
Forward-looking statements are typically identified by words that suggest future
events or future performance. All statement other than statements of historical
fact may be forward-looking statements. In particular, this document contains,
without limitation, forward-looking statements pertaining to: all details of our
planned ten well drilling program on the Las Violetas Concession, and in
particular our expectations for the first well; and all details regarding our
completion plans for the La Hoyada x-1 exploration well, including the timing
thereof. With respect to forward-looking statements contained in this document,
we have made assumptions regarding, among other things: the general stability of
the economic and political environment in which the Company operates; drilling
results; the ability of the operator of the projects which the Company has an
interest in to operate the field in a safe, efficient and effective manner; the
ability of the Company to obtain financing on acceptable terms when and if
needed; field production rates and decline rates; and the timing and costs of
pipeline, storage and facility construction and expansion and the ability of the
Company to secure adequate product transportation.


Although we believe that the expectations reflected in the forward-looking
statements contained in this document, and the assumptions on which such
forward-looking statements are made, are reasonable, there can be no assurance
that such expectations will prove to be correct. Readers are cautioned not to
place undue reliance on forward-looking statements included in this document, as
there can be no assurance that the plans, intentions or expectations upon which
the forward-looking statements are based will occur. By their nature,
forward-looking statements involve numerous assumptions, known and unknown risks
and uncertainties that contribute to the possibility that the predictions,
forecasts, projections and other forward-looking statements will not occur,
which may cause our actual performance and financial results in future periods
to differ materially from any estimates or projections of future performance or
results expressed or implied by such forward-looking statements. These risks and
uncertainties include, among other things: risks associated with oil and gas
exploration, development, exploitation, production, marketing and
transportation; risks associated with operating in Argentina; ability to access
sufficient capital from internal and external sources; economic or industry
condition changes; and other factors described under "Risk Factors" in our
Annual Information Form and described in our other public filings available at
www.sedar.com. Readers are cautioned that this list of risk factors should not
be construed as exhaustive. The forward-looking statements contained in this
document speak only as of the date of this document. Except as expressly
required by applicable securities laws, we do not undertake any obligation to
publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. The forward-looking statements
contained in this document are expressly qualified by this cautionary statement.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Crown Point Energy Inc.
Murray McCartney
President & CEO
(403) 232-1150
mmccartney@crownpointenergy.com


Crown Point Energy Inc.
Arthur J.G. Madden
Vice-President & CFO
(403) 232-1150
amadden@crownpointenergy.com


Crown Point Energy Inc.
Brian J. Moss
Executive Vice-President & COO
(403) 232-1150
(403) 232-1158 (FAX)
bmoss@crownpointenergy.com
www.crownpointenergy.com

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