Gold Point Energy Corp.

Gold Point Energy Corp.

October 30, 2007 12:13 ET

GP Energy Retains Segundo Antonio Gonzalez to Assist with Business Development in Colombia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2007) - Gold Point Energy ("the Company") (TSX VENTURE:GPE)(FRANKFURT WKN#:A0HGQ1) is pleased to report that it has retained the services of Segundo Antonio Gonzalez, a prominent Colombian businessman, to assist in business development in Colombia. Mr. Gonzalez is a senior oil executive with 36 years experience in the Colombian and international oil and gas industry.

Mr. Gonzalez was formerly the President of Omimex de Colombia, Ltd. which was sold to India's state-owned O.N.G.C. Videsh Ltd., the overseas arm of O.N.G.C., and the Chinese firm Sinopec for $850 million dollars in 2006. Prior to starting Omimex Colombia in 1994, Mr. Gonzalez was employed by Eurocan Ventures, Petrolatum, City Services, Occidental de Colombia, Shell, Ecopetrol, and the Colombian Petroleum Company. He received a degree in Petroleum Engineering from the Universidad Industrial de Santander.

"We are very pleased to have Mr. Gonzalez join the GPE team and assist us in business development efforts in Colombia. He has a proven track record of success, excellent contacts at the highest levels of government and industry, and a solid combination of technical and business skills. We believe strongly in having local representation in each of our areas of interest in South America to facilitate the identification, evaluation and negotiation of business opportunities," Jack Steinhauser, President & CEO.

GP Energy, a member of the Grosso Group, is engaged in the development of oil and gas projects in North and South America. The Company has experienced technical and management teams which, when combined with the business development and financial acumen of the Grosso Group, provides a high level of expertise and access to industry contacts and quality projects.


Jack S. Steinhauser, President & CEO

Certain statements contained in this press release may be considered as "forward looking". Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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